Current location:Earth Echo news portal > entertainment
Why Temple Bar backs cheap shares like M&S, BP and Royal Mail: INVESTING SHOW
Earth Echo news portal2024-05-01 11:49:49【entertainment】0People 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://ghana.campingcolorado.net/html-73f599925.html
Address of this article:http://ghana.campingcolorado.net/html-73f599925.html
Very good!(77967)
Related articles
- Mom shopping in Target stunned by small print on Clorox wipes
- Chinese, Ethiopian education institutions agree to promote skills development in technology
- Top 10 buzzwords in China in 2023
- Ancient tombs excavated in Guangzhou
- Selena's musician brother AB Quintanilla has on
- Tantalize your taste buds with Belt and Road cuisines!
- Zambia to sensitize locals to China
- Steve Clifford wins final game as Charlotte coach, Hornets beat playoff
- North Carolina bill compelling sheriffs to aid ICE advances as first major bill this year
- Shanghai sculpture show sees Rodin, Sanxingdui in dialogue
Popular articles
Recommended
Rodeo bullfighter wrangles three zebras on the loose in Washington
Celebrations of Miao New Year and Guzang Festival held in SW China's Guizhou
Feature: See Nanjing exhibition kicks off in Boston highlighting Chinese cultural elements
Canha's 2
Whoopi Goldberg fights back tears as The View host defends 'mad' student protesters
Concert showcases Chinese traditional music in New Zealand
Ancient pottery, kilns and wells unearthed in north China ruins
Craft Project fair held in old Damascus, Syria
Links
- China to Recruit 67,000 Rural Teachers This Year
- Villagers Perform Water Drum Dance in Jianhe County, SW China
- Record 11.93 Mln Students to Take China's College Entrance Exam
- China head coach Jankovic vows to move forward after loss to S. Korea
- China to Make All
- Skill Training Classes Provided for Locals to Boost Employment in Sanjiang, China's Guangxi
- Graduation Ceremony Held at Kindergarten in Lanzhou, NW China's Gansu
- China Vows to Improve Eye Care Services for Children, Seniors
- More Graduates Opt to Work in Lower
- China Wins Artistic Swimming Team Technical at FINA Worlds