Temple Bar Investment Share Discussion Threads

[vacendak] 23/9/2020 09:33

RWC has been announced as the new ship captain.

Same remit as before, value and mostly UK; so just a change of manager in the end.
They expect "value" to come back in style, so the board has chosen to carry one with the philosophy.

The only change is a cut to the dividend and a return to dividend growth when affordable. This is a sensible decision. As the months go by, I am growing more suspicious of that "dividend hero" fad.

They take over in October, so there is less than a month for the current team to squander money on magic beans.

[poikka] 23/9/2020 08:34

That comes as no surprise, in fact as expected. That still leaves the trust on a 5.8% yield, unless I'm mistaken, although nothing's guaranteed.

[essentialinvestor] 22/9/2020 08:33

I assume that is irony!.

[escapetohome] 21/9/2020 22:56

well if someone is looking to now buy into such exiciting opportunities as rolls royce and easy jet, to take a contrarian stance, one could invest here to spread the risk a little.

Exciting times ahead!

[mw8156] 21/9/2020 22:41

rolls royce may now be cheap on a medium term view but they shouldn't be holding it until it has raised sufficient money to stabilise the finances imv. similarly, easyjet...

[essentialinvestor] 21/9/2020 15:54

They bought sectors that would be killed on any resurgence of COVID
and that's what's happening.

It appears really poor risk management imv.

[chc15] 21/9/2020 12:03

Lol they bought office co, airlines and rolls royce, sack ninety one!

[orinocor] 21/9/2020 11:02

Easyjet -9%

[chc15] 21/9/2020 09:10

Yep, getting battered. These mgrs have messed this trust up, shocking mess.

[essentialinvestor] 20/9/2020 23:12

RR position may become a lot more costly this week.

What on earth posessed the temporary Mansgers to sell Grafton and buy Rolls Royce.

[topvest] 20/9/2020 18:55

Will they go for a "sustainable value investing" strategy I wonder? That could be quite a good approach and Ninety-One Limited might be pushing for this.

[chc15] 20/9/2020 16:08

Have to agree, why sell Grafton Group when ppl are going DIY mad in lockdown, and buy rolls royce, which is in deep trouble. Crazy portfolio changes.

[shalder] 15/9/2020 17:09

I'm keeping away from this for the time being despite it being in some respects a potetial recovery situation. My major problem is also a number of their major holdings are still in vulnerable/risky shares which could indeed be hit badly in any new vol. They haven't as yet adjusted the portfolio in the way that both EDIN and PLI have, which are both more to my liking.

Of course it is possible that a high risk portfolio of UK centric small & medium size companies could come spectacularly right in the event of a wonderful deal with the EU. Personally I don't think that a deal that is good for the UK is (or ever was) on offer because the No1 EU priority has always been to ensure that no other members ever follow the UK decision.

[chc15] 15/9/2020 15:59

https://www.templebarinvestments.co.uk/portfolio-performance/performance-portfolio/

[essentialinvestor] 15/9/2020 15:44

Unless anyone has a different view on that?.

[essentialinvestor] 15/9/2020 13:01

Main issue with some of their holdings
is they may once again be hit disproportionately on any renewed equity volatility.

[vraic] 15/9/2020 12:35

Just read to leave the FTSE 250

[essentialinvestor] 15/9/2020 12:19

Why buy easyjet when RYA is in a significantly stronger financial position,
unless it's dividend considerations.

[essentialinvestor] 15/9/2020 11:58

Thanks. I clicked on Factsheet and it bought up end July.
Still can't see an updated top 10 holdings.

[chc15] 15/9/2020 09:33

Actually there is a new top 10 holdings at 31 Aug on their website, no more grafton confirmed. Easyjet bought and Delphi, Citigroup.

[chc15] 15/9/2020 09:25

Yes, as they have dumped their grafton holding, wonder what they have bought. Shambles atm, waiting for the mgr announcement too.

[essentialinvestor] 14/9/2020 17:09

Would be useful to have an updated factsheet here on largest holdings.

[poikka] 03/9/2020 17:53

I very much expect the divi to be reduced and expect to hear when they issue the results and update. Still, ain't got much here.

[essentialinvestor] 03/9/2020 17:18

Quite incredible what's happened here.

What possessed AM to have that extraordinary overweight holding in CPI.

Flagged this up here last year as it struck me as potentially high risk.

Tbf that was before COVID which added an adverse multiplier effect,
however still think CPI would have disappointed.

Surprised they are not going down the EDIN type route.