Join our community of smart investors

Get a free ride on a deep value stock

This investment fund's NAV is holding up yet the share price is taking an unwarranted hit
October 23, 2023
  • Proforma cash of £44.4mn (8.3p) in price for free
  • Four listed holdings worth £59.1mn (11p)
  • Finsbury Foods in a takeover situation
  • 41 per cent share price discount to NAV

Investor risk aversion is so extreme right now that there have been some disproportionate de-ratings of quality companies in the small and micro-cap hunting ground.

For instance, the share price of Logistics Development Group (LDG:11.4p), an investment company managed by asset management firm DBay and one of my 2023 Bargain Share Portfolio constituents, has fallen 18 per cent since I reiterated my buy call, at 13.9p, at the recent interim results (‘Exploit this double-discounted small-cap fund’, 7 September 2023).

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in