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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 13 out of the 16 years in which we have run them. During that time, they’ve generated an average return of 22.7 per cent in the first 12-month holding period compared with an average increase of 4 per cent for the FTSE All-Share.

Latest Updates

  1. Bargain shares updates 2015

    Bargain shares updates 2015

    By Simon Thompson | 24 March 2015

    Five bargain shares offer value opportunities for medium-term gains

    Trading 30 per cent below net asset value, rated on 9 times conservative looking earnings estimates for fiscal 2015, and with the stock overhang cleared at the end of last year after an activist investor exited the share registrar, I feel the shares are well worth buying

  2. How the 2014 Bargain Shares Portfolio fared

    By Simon Thompson | 05 February 2015

    My 2014 Bargain Shares portfolio ended the year down 16 per cent on an offer price-to-bid price basis using the opening market prices on 7 February 2014, rather than the lower magazine prices. Although this is better than the performance of the FTSE Aim index, it's miles adrift of the return on the FTSE All-Share index against which I have benchmarked all my portfolios over the years.

  3. Bargain Shares 2015

    Bargain Shares 2015

    By Simon Thompson | 05 February 2015

    Simon Thompson presents his new Bargain Shares Portfolio, based on the stockpicking logic of guru Benjamin Graham

  4. On firm foundations

    On firm foundations

    By Simon Thompson | 05 January 2015

    ‘Shares in the listed housebuilders are re-rating and with good reason too’

    ‘So with shares breaking out and testing the bull-market high dating back to 2007, and the sector entering into its historically sweet first quarter period during which time it has rallied over 11 per cent with only five down years since 1980, then not only is the fundamental case strong, but there is positive share price momentum and a favourable technical back drop.’

  5. Bargain shares updates

    Bargain shares updates

    By Simon Thompson | 09 December 2014

    'The share price performance of two of Simon Thompson's bargain shares could not be any different, but shares in both companies offer clear value.'

    'Despite Fortune Oil's own lacklustre share price, the investment in China Gas Holdings has clearly done well, rising from HK$11 per share in February when I advised buying Fortune Oil's shares in my 2014 Bargain share portfolio, to HK$13 now. This performance is justified too as China Gas Holdings recently reported a 49 per cent rise in first half revenues to HK$15.6bn (£1.2bn) and a 31 per cent rise in net profits to £150m.'

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 Portfolio

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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