Dart (LON:DTG) is due to be kicked out of the Magic Hat portfolio by rotation. Although it doesn't pass the Greenblatt Screen, it does have a Magic Formula rating of A+, according to Stockopedia. It has an EV/EBITDA of 2.0, although I suspect this may be skewed by off balance sheet finances. It has a P/FCF less than 10, and a StockRank of 97.

These numbers make it too good to kick out of the portfolio. I admit that there is some risk, here, as the MHP has too much of it, having made excellent gains since purchase.

The real surprises in the portfolio is that British American Tobacco (LON:BATS) is down 36% since purchase, and Royal Mail (LON:RMG) is down 32% since purchase. These are pretty stable businesses, so it is surprising to see them down do much.

Stay safe out there.

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