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Simon Thompson's Bargain Portfolio

The idea behind our annual Bargain Shares Portfolio is very simple. It’s to invest in companies where the true worth of the assets is not reflected in the share price, usually for some temporary reason, but where we can reasonably expect that it will be in due course.

Our portfolios are based on the investment ideas of Benjamin Graham (see box ‘Rules of Engagement’) and they have beaten the FTSE All-Share index in 14 out of the 18 years in which we have run them. During that time, they’ve generated an average return of 20.7 per cent in the first 12-month holding period compared with an average increase of 4.2 per cent for the FTSE All-Share.

Latest Updates

  1. Investment company watch

    Investment company watch

    By Simon Thompson | 25 April 2017

    Our small-cap stock picking expert highlights a trio of Aim-traded companies to consider

    There has been a sharp pick-up in currency market volatility, something worth noting as this incentivises international clients to consider hedging their currency risk to protect the value of their assets. Market volatility is the key to attracting and retaining clients.

  2. Four undervalued growth plays

    Four undervalued growth plays

    By Simon Thompson | 24 April 2017

    Simon Thompson highlights four undervalued small-cap plays worthy of serious consideration

    If sales momentum can be maintained at these heady rates, then analysts' predictions of revenues rising to £40m this year look too conservative, providing ample scope for further earnings beats

  3. Taking profits

    Taking profits

    By Simon Thompson | 18 April 2017

    Our small-cap guru decides to crystallise some eye-watering profits.

    In the absence of an earnings beat, a rating of 25 times top of the range earnings estimates seems to fully factor in expectations of 20 per cent EPS growth in both the 2018 and 2019 financial years, even allowing for a cash-rich balance sheet.

  4. Value opportunities

    Value opportunities

    By Simon Thompson | 11 April 2017

    Simon Thompson assesses the merits of two companies trading on deep discounts to book value, and another cashed up for a value accretive expansion

    It's entirely possible that as the auction process proceeds, and the rump of the portfolio becomes more concentrated on the higher-quality and larger properties, a larger rival may become interested in buying the company. This would offer upside to my liquidation value which could yet prove conservative.

  5. On the case

    On the case

    By Simon Thompson | 10 April 2017

    Our stockpicking guru assesses the potential for further share price upside from some of his top Aim performers

    'With analysts raising their target prices as well as their earnings forecasts, it's fair to say that institutional investors who ultimately drive the company's share price are likely to continue to view the investment merits of this alternative asset class favourably'

Our portfolios

Mr Bearbull's Global Fund Portfolio

A portfolio of instruments designed to capture the rise of emerging markets

Mr Bearbull's Income Fund Portfolio

A collection of high-yielding shares that's beaten the market since 1998

Chris Dillow's Benchmark Portfolio

Simple portfolios picked using simple rules that often beat the market

John Baron's Investment Trust Portfolios

A portfolio of investment trusts designed to generate growth and income

David Stevenson's SIPP Portfolio

Our columnist describes how he manages his pension fund and what he puts in it

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