Buffett-style criteria:
1. A strong economic franchise,
2. Managers of integrity and talent,
3. Excellent accounting numbers, and
4. A reasonable price.
If you want to get even deeper understanding there is much more on this in my books The Financial Times Guide to Value Investing, The Great Investors, The Deals of Warren Buffett Volume 1 and The Deals of Warren Buffett Volume 2
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
Company Purchase date Purchase price Divs to 4 Feb 2021 Price 4 Feb 2021 Return to 4 Feb 2021
Dewhurst 9.4.14 £3.18 70.5p Sold February 2020 £7.217 149%
MS International 9.10.19 £1.723 3.5p £1.60 -4%
Character 20.1.20 & 5.6.20 £2.811 15p £4.20 55%
Dewhurst 11.11.20 £5.94 0 £7.00 18%
MS International 16.12.20 £1.292 0 £1.60 24%
AVERAGE 48%
(I bought some more of Dewhurst in June 2014 at £3.11, December 2014 at £3.75, November 2017 at £5.46, February 2019 at £5.54 and April 2019 at £5.64.These were sold Feb 2020).
1. A strong economic franchise,
2. Managers of integrity and talent,
3. Excellent accounting numbers, and
4. A reasonable price.
If you want to get even deeper understanding there is much more on this in my books The Financial Times Guide to Value Investing, The Great Investors, The Deals of Warren Buffett Volume 1 and The Deals of Warren Buffett Volume 2
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread.
Company Purchase date Purchase price Divs to 4 Feb 2021 Price 4 Feb 2021 Return to 4 Feb 2021
Dewhurst 9.4.14 £3.18 70.5p Sold February 2020 £7.217 149%
MS International 9.10.19 £1.723 3.5p £1.60 -4%
Character 20.1.20 & 5.6.20 £2.811 15p £4.20 55%
Dewhurst 11.11.20 £5.94 0 £7.00 18%
MS International 16.12.20 £1.292 0 £1.60 24%
AVERAGE 48%
(I bought some more of Dewhurst in June 2014 at £3.11, December 2014 at £3.75, November 2017 at £5.46, February 2019 at £5.54 and April 2019 at £5.64.These were sold Feb 2020).