The share prices of the 10 small-cap companies I selected in my 2018 Bargain Shares Portfolio have inevitably not been immune to the change in investor sentiment that has seen 12 per cent wiped off the FTSE Aim All-Share index during October.
However, the portfolio is still posting a 7 per cent positive total return since inception in early February (based on an offer-to-bid basis and including dividends banked). That’s well ahead of the 8.6 per cent negative return on the FTSE Aim All-Share index and the 5 per cent loss on the FTSE All-Share index against which I benchmark the portfolio's performance. Short-term movements aside, the fundamental case for investing and attractive valuations on offer suggest the outperformance is set to continue irrespective of the market back drop.
|2018 Bargain shares portfolio performance|
|Company name||TIDM||Opening offer price on 2.02.18 (p)||Latest bid price on 26.10.18 (p)||Dividends (p)||Total return (%)|
|U and I Group||UAI||205||212||15.5||11.0|
|FTSE All-Share Total Return index||7088||6732||-5.0|
|FTSE AIM All-Share Total Return index||1184||1082||-8.6|
Source: London Stock Exchange share prices at 10am on 26 October 2018.