Share Sleuth Portfolio

Introducing Share Sleuth

The Share Sleuth model portfolio is focused on long-term value investing. Our Share Sleuth Richard Beddard records the statistics, research and rationale behind all his decisions as they are made, to give you a real insight into every company in the portfolio and why it's there.

You can read all Share Sleuth blogs and portfolio updates here.

Strong businesses at attractive prices

The portfolio invests in stable trustworthy firms at attractive prices that can reasonably be expected to maintain or increase profitability over the long term (at least five years).

Strong finances indicate past success, high levels of profitability suggest current strength, and strategies that promise to differentiate companies in ways customers value promise future prosperity.

The aim is to hold these shares for as long as they meet Share Sleuth’s criteria of trust and stability. Preferably forever.

Sometimes Share Sleuth may add shares in companies that are more susceptible to change. Economic downturns, competitors and poor managers push such companies around.

They may perform well for years and then shock investors when conditions change. The trick to investing in susceptibles is to add them when they are undervalued, but strong enough to survive, and eject them when conditions are at their most favourable.

Portfolio     Cost (£) Value (£) Return (%)
           
Cash       31  
Shares       118,145  
Since 9 September 2009     30,000 118,176 294
 Company   Shares Cost (£) Value (£) Return (%)
           
ALU Alumasc 938 999 1,168 17
CFX Colefax 434 943 2,322  146 
CGS Castings 1,109 3,110 4,636  49 
CHH Churchill China 341 3,751 3,376  (10)
CHRT Cohort 1,600 3,747 6,640  77 
DTG Dart 456 250 4,464  1,686 
DWHT Dewhurst 735 2,244 8,269  268 
FIF Finsbury Food 2,032 1,062 2,530  138 
GAW Games Workshop 198 568 7,049  1,141 
GDWN Goodwin 163 4,155 4,157  - 
HWDN Howden Joinery 748 3,228 3,685  14 
JDG Judges Scientific 150 3,490 3,825  10 
MSI MS International 1,836 3,966 3,819  (4)
NXT Next 45 2,199 2,475  13 
PMP Portmeirion 349 3,212 4,048  26 
RSW Renishaw 92 1,739 5,023  189 
SAG Science 2,660 2,908 6,411  120 
SOLI Solid State 2,400 7,221 7,416  3 
SYS1 System1 463 1,793 1,088  (39)
TET Treatt 1,222 1,734 5,890  240 
TFW Thorpe (F W) 2,000 2,207 6,330  187 
TRI Trifast 2,261 3,357 4,748  41 
TSTL Tristel 1,690 604 4,724  681 
VCT Victrex 150 2,253 4,752  111 
VP Vp 221 508 2,486  390 
XPP XP Power 222 3,808 6,815  79 

 

Notes: Added more shares in Trifast. Transaction costs include £10 broker fee and 0.5 per cent stamp duty where appropriate.
Cash earns no interest. Dividends and sale proceeds are credited to the cash balance. £30,000 invested on 9 September 2009 would be worth £118,176 today.
£30,000 invested in FTSE All-Share index tracker accumulation units would be worth £64,832 today.
Objective: To beat the index tracker handsomely over five-year periods.
Source: SharePad, as at 3 September 2018.

 

Long-term performance

Performance is measured scrupulously after charging £10 in lieu of broker fees for every transaction and 0.5 per cent stamp duty on additions to the portfolio.

Transaction prices are actual prices quoted by a broker including the cost of the spread. Uninvested cash earns no interest.

Over any five-year period the portfolio should earn a positive real return and beat the stock market average as represented by a FTSE All-Share tracker fund with dividends reinvested, hopefully by a considerable margin. This is how Share Sleuth did in its first five years, to 9 September 2014.

The most recent valuation, and the performance of the portfolio since inception on 9 September 2009, can be found in the table below.

Who is Share Sleuth?

A freelance writer, Richard Beddard was an editor at Interactive Investor between 1999 and 2016. He has managed the portfolio since he started it in 2009. He’s a private investor and columnist at Money Observer magazine. This interview reveals more.

You can join Richard on Twitter or contact him by emailing richard@beddard.net.

As these are Richard’s best investment ideas, he owns many of the shares. He doesn’t buy or sell shares on his own account within a week of writing about them and he informs Interactive Investor’s editor when he profiles a company he owns, in line with the Press Complaints Commission’s code of practice.

He won't profit from short-term price movements that might result from something he's written.