A director at Temple Bar Investment Trust bought 5,535 shares at 359p and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
We are now more than three years into the tenure of Ian Lance and Nick Purves as managers of the Temple Bar Investment Trust. In that time, the Redwheel team has aimed to establish a well-diversified portfolio of value-orientated holdings, which it says is positioned for a long-overdue reversion to more normal market conditions, after a decade of what the managers believe was exceptional economic policy and quantitative easing. They say that slowing growth and stubborn inflation in the UK have w...
Feature article: Equity Income – UK or Global? Should investors widen their horizons? Introduction: ► The UK Equity Income sector (UKEI) is the fourth-largest investment company (IC) sector in the Association of Investment Companies’ (AIC) universe, with £12.5bn of assets (as at August 2023), and is the traditional home for investors looking for income in the equity market. ► The UKEI not only provides investors with a better dividend yield than the ge...
Introduction ► The UK Equity Income sector (UKEI) is the fourth-largest investment company (IC) sector in the Association of Investment Companies’ (AIC) universe, with £12.5bn of assets (as at August 2023), and is the traditional home for investors looking for income in the equity market. ► The UKEI not only provides investors with a better dividend yield than the general UK market, but also has a strong track record of dividend growth. Indeed, many funds feature on the AIC’s “dividend heroes”...
We are quickly approaching year three of Temple Bar’s rehabilitation under the new management of Redwheel, who took over the fund in November 2020. While sticking to its value-seeking roots, managers Ian Lance and Nick Purves favour a more balanced approach than the deep value model employed by the fund’s previous manager, which had been a drag on performance through the growth dominated decade that followed the GFC. So far, the change has paid off handsomely, with the shares up 76% since the h...
We are quickly approaching the third anniversary of Redwheel’s appointment as the manager of Temple Bar in November 2020. While sticking to its value-seeking roots, managers Ian Lance and Nick Purves favour what they describe as a more balanced approach than the deep value model employed by the fund’s previous manager, which had been a drag on performance through the growth dominated decade that followed the GFC. So far, the change seems to have paid off handsomely, with the shares up 76% since...
It is coming up to two years since Redwheel took over management responsibility for Temple Bar (TMPL), and performance figures (see page 9) show that the change has proven to be a good decision for the trust. Of course, the change in investor appetite from growth to valuestyle investing has helped it along its way, but the willingness of the managers – Ian Lance and Nick Purves - to go against the trend (by buying cyclical businesses at the lows, for example) shows the importance of stock-pickin...
It is coming up to two years since Redwheel took over management responsibility for Temple Bar (TMPL), and performance figures since (see page 9) suggest that the change has been a good one for the trust. The apparent change in investor appetite from growth to value-style investing has helped it along its way, but the willingness of the managers – Ian Lance and Nick Purves - to go against the trend (by buying cyclical businesses at the lows, for example) shows the importance of stock-picking too...
The turnaround in TMPL’s fortunes following the appointment of RWC as manager and a surge in ‘value’ stocks on hopes of an end to the pandemic has been dramatic. Frustratingly, the trust’s discount widened from the middle of April 2021, as investors fretted about the impact of new variants and switched back to buying ‘growth’ companies for their perceived ability to thrive even in a lacklustre economy. TMPL’s managers – Ian lance and Nick Purves – are keen to highlight that value and poor qualit...
The turnaround in Temple Bar (TMPL)’s fortunes following the appointment of RWC as manager last November and a surge in ‘value’ stocks on hopes of an end to the COVID-19 pandemic has been dramatic. Frustratingly, the discount that the trust’s shares trade on relative to their net asset value widened from the middle of April 2021, as investors fretted about the impact of new variants of the virus and switched back to buying ‘growth’ companies for their perceived ability to thrive even in a lacklu...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
RWC Partners took on responsibility for Temple Bar Investment Trust (TMPL) on 1 November 2020, and its appointment has coincided with a remarkable improvement in the fortunes of this UK equity income trust. Dramatic outperformance, a narrowing of the discount and a buzz around the resurgence of value investing mean that RWC has got off to a great start.
RWC Partners took on responsibility for Temple Bar Investment Trust (TMPL) on 1 November 2020, and its appointment has coincided with a remarkable improvement in the fortunes of this UK equity income trust. Dramatic outperformance, a narrowing of the discount and a buzz around the resurgence of value-style investing mean that RWC has got off to a great start.
In June, faced with the task of replacing longstanding manager Alistair Mundy, Temple Bar Investment Trust’s (TMPL’s) board reiterated its commitment to a value style of investing. The board has now opted to hand the management contract to Nick Purves and Ian Lance of RWC Partners, two managers with considerable experience of managing income portfolios using a value approach. Value investing is deeply out of favour. The RWC team says that value stocks have never looked more unloved in the 30-odd...
In June, faced with the task of replacing its longstanding portfolio manager, Alistair Mundy, Temple Bar Investment Trust’s (TMPL’s) board reiterated its commitment to a value style of investing. The board has now opted to hand the management contract to Nick Purves and Ian Lance of RWC Partners, two managers with considerable experience of managing income portfolios using a value-style approach.Value investing, where managers buy stocks that are valued more cheaply than market averages – based ...
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