Your current location:HOME >entertainment >Why Temple Bar backs cheap shares like M&S, BP and Royal Mail: INVESTING SHOW 正文
TIME:2024-04-30 15:16:56 Source: Internet compilationEdit:entertainment
When 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.
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
Messi to Miami: Soccer star, and a few teammates, show up for Heat2024-04-30 15:07
Platform Helps Promote Family Harmony2024-04-30 15:06
Village Officials Help Residents Resolve Marital, Family Disputes2024-04-30 15:03
Station Provides Legal Aid, Services to Changchun Women2024-04-30 14:54
Belarus labels German state broadcaster Deutsche Welle ‘extremist,’ bans activities in the country2024-04-30 14:04
Hebei Combats Domestic Violence2024-04-30 14:01
Protecting Children's Safety2024-04-30 13:41
Helping Residents Understand Law2024-04-30 13:18
University of Arizona student shot to death at off2024-04-30 13:18
Federation Launches a Project to Strengthen Capacity in Family Education2024-04-30 13:05
Music and martial arts witness China2024-04-30 15:08
Anhui to Adopt Measures to Combat Domestic Violence2024-04-30 14:40
Liaocheng Promotes Family Education2024-04-30 14:32
Inner Mongolia Strengthens Protection of Women's Rights, Interests2024-04-30 14:29
Travis Kelce names Taylor Swift his 'significant other' at the Mahomes' charity gala in Las Vegas2024-04-30 14:03
Platform Helps Promote Family Harmony2024-04-30 13:22
Helping, Caring for Juvenile Offenders2024-04-30 13:14
Prefecture Strives for Better Protection of Women with Revised Law2024-04-30 13:04
NY DA 'so sorry' for cursing at officer who tried to ticket her2024-04-30 13:02
Training for Women's Social Organization Leaders Held in Beijing2024-04-30 13:01