Current location:Stellar Scope news portal > travel
Why Temple Bar backs cheap shares like M&S, BP and Royal Mail: INVESTING SHOW
Stellar Scope news portal2024-05-22 10:53:01【travel】5People have gathered around
IntroductionWhen the value-minded managers of Temple Bar bought into Marks & Spencer shares, some questioned
When the value-minded managers of Temple Bar bought into Marks & Spencer shares, some questioned their sanity.
With M&S shares having almost trebled from 90p to 250p over the past 16 months, that’s not the case anymore.
‘The market has gone from hating Marks & Spencer two years ago – people used to say you’re absolutely crazy to own that – to actually quite liking it,’ Temple Bar’s co-manager Ian Lance told This is Money's Investing Show.
But Lance adds that those big gains come from a low baseline level and the Temple Bar team believe Marks & Spencer is still closer to the start of its recovery journey than the end - with more shareholder returns to come.
On the first episode of a new series of the Investing Show, Ian Lance joins Simon Lambert to explain the investment philosophy that has seen Temple Bar return 80 per cent since he and Nick Purves took over as managers at the end of October 2020.
Lance believes this investment strategy has plenty more to come, stating that the UK market is as undervalued as it was in 2008.
He admits that the duo benefitted from lucky timing in taking over the trust just before the Covid vaccine rally kicked in. Yet, he stresses that their value investing style doesn’t involve just buying the market but cherry-picking individual undervalued companies
Temple Bar looks for the ‘cheapest stocks, with the best prospects’ and Lance outlines why the tight portfolio of about 25 companies includes M&S, BP and Royal Mail-owner IDS.
He also explains Temple Bar’s contrarian backing of car maker Stellantis – and why he would rather hold the conglomerate that owns Peugeot, Vauxhall, Fiat and Alfa than Tesla stock.
But that’s not to say that value investors can’t stray into the tech world, according to Lance.
He details how he once held Microsoft stock because it fitted into the value investing philosophy and discusses whether Facebook parent Meta managed to make that bracket when its share price nosedived in 2022.
Temple Bar investment trust
AIC Sector: UK Equity Income
Managers: Ian Lance and Nick Purves (since end October 2020)
Ongoing charges: 0.54%
One-year total return: 0.8% vs -0.6% AIC sector average
Three-year total return: 43.3% vs 23.2% AIC sector average
Dividend yield: 4.02%
Share price discount to NAV: -5.55%
Figures from AIC / Morningstar to 29 January 2024
Address of this article:http://wallisandfutuna.tom-paine.com/html-51a799939.html
Address of this article:http://wallisandfutuna.tom-paine.com/html-51a799939.html
Very good!(96934)
Related articles
- Proposed $2.77 billion settlement clears first step of NCAA approval with no change to finance plan
- Addicted to hunting lodges, horses and endless parties, the free
- Meghan Markle purchased pair of £1990 diamond earrings from Dragons' Den hopefuls
- Why do so many leading royals
- EU seals a deal on using profits from frozen Russian assets to help arm Ukraine
- Queen Letizia dons a chic trouser suit to attend national awards ceremony with King Felipe
- Mother, 24, outraged after learning shopping centre bathroom with baby changing facilities has CCTV
- About MailOnline
- Turkish Airlines resumes flights to Afghanistan nearly 3 years after the Taliban captured Kabul
- Kate and Charles' heart
Popular articles
Recommended
The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco
From the fabulous 'Elvis Dress' to the velvet gown she wore dancing with Travolta
Hong Kong gov't contacts police over satirical fake press release congratulating porn star
Listen up: Northland to test tsunami sirens
Adela Cernousek of Texas A&M wins NCAA individual golf title for first collegiate win
Former footballer Joe Thompson, 35, is diagnosed with cancer for the third time
Snap! How toned Pippa Middleton matches her bikinis with her designer wardrobe
Meghan Markle continues to wear neutral clothing four years on from the Sussex's 'freedom flight'
Links
- Healey's goal in 2nd period gives Boston 4
- Grand champion crowned 'Best in pork' at World barbecue championship
- Jurgen Klopp welcomes likely successor Arne Slot with a song in Liverpool farewell
- Emma Raducanu withdraws from French Open qualifying to focus on grass season
- Iranian president Ebrahim Raisi is seen in eerie photo moments before helicopter crash: Hamas
- Woke DC mayor takes her 14
- St. Pauli wins German second division title ahead of promotion to Bundesliga
- F1 Imola Grand Prix: Max Verstappen holds off Lando Norris to win Emilia Romagna and extend F1 lead
- Xander Schauffele wins first major at PGA Championship in a thriller at Valhalla
- Who is Ebrahim Raisi, Iran's president involved in helicopter incident