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 (%) |
| Parkmead | PMG | 37 | 50 | 0 | 35.1 |
| PCF | PCF | 27 | 35 | 0.19 | 30.3 |
| Shore Capital | SGR | 213 | 250 | 10 | 22.1 |
| Sylvania Platinum | SLP | 14.5 | 17 | 0.35 | 19.7 |
| U and I Group | UAI | 205 | 212 | 15.5 | 11.0 |
| Conygar | CIC | 160 | 166 | 0 | 3.8 |
| Crystal Amber | CRS | 207.2 | 210 | 2.5 | 2.6 |
| Titon | TON | 159.86 | 160 | 1.75 | 1.2 |
| Record | REC | 43.3 | 29.6 | 1.65 | -27.8 |
| Mpac | MPAC | 156 | 112 | 0 | -28.2 |
| Average | 7.0 | ||||
| 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. | |||||