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, The Deals of Warren Buffett Volume 2, The Deals of Warren Buffett Volume 3
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread (These investments were made before the Henry Spain Managed Portfolio Service was established https://www.henryspain.co.uk/uk-value-portfolio). Past performance is not indicative of future performance.
Company Purchase date Purchase price Divs to 31 Mar 2023 Price 31 Mar 2023 Return to 31 Mar 2023
Dewhurst 9.4.14 £3.18 70.5p Sold February 2020 £7.217 149%
MS International 9.10.19 £1.723 13.50p Sold 20th Sept 2021 – 7th June 2022 £2.488 52%
Character 20.1.20 & 5.6.20 £2.811 45p £3.80 51%
Dewhurst 11.11.20 £5.94 38p £6.40 14%
MS International 16.12.20 £1.292 10p Sold 20th Sept 2021 – 7th Sept 2022. £2.488 100%
AVERAGE 73%
(I bought 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, The Deals of Warren Buffett Volume 2, The Deals of Warren Buffett Volume 3
Below are the results of this strategy.
I present the returns after taking the hit on broker costs, stamp duty and bid/offer spread (These investments were made before the Henry Spain Managed Portfolio Service was established https://www.henryspain.co.uk/uk-value-portfolio). Past performance is not indicative of future performance.
Company Purchase date Purchase price Divs to 31 Mar 2023 Price 31 Mar 2023 Return to 31 Mar 2023
Dewhurst 9.4.14 £3.18 70.5p Sold February 2020 £7.217 149%
MS International 9.10.19 £1.723 13.50p Sold 20th Sept 2021 – 7th June 2022 £2.488 52%
Character 20.1.20 & 5.6.20 £2.811 45p £3.80 51%
Dewhurst 11.11.20 £5.94 38p £6.40 14%
MS International 16.12.20 £1.292 10p Sold 20th Sept 2021 – 7th Sept 2022. £2.488 100%
AVERAGE 73%
(I bought 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).