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       4,435    
Shares       119,855    
Since 9 September 2009     30,000 124,290 314%  
             
Companies   Shares Cost (£) Value (£) Return (%) Annualised return (%)*
ALU Alumasc 938 999 900 -10 4
ANP Anpario 937 3,168 3,092 -2 -4
AVON Avon Rubber 192 2,510 3,237 29 54
CFX Colefax 434 943 2,118 125 9
CGS Castings 1,109 3,110 4,247 37 7
CHH Churchill China 341 3,751 5,303 41 32
CHRT Cohort 1,600 3,747 7,520 101 12
DTG Dart 456 250 3,352 1,241 22
DWHT Dewhurst 735 2,244 6,836 205 13
GAW Games Workshop 198 568 9,116 1,505 31
GDWN Goodwin 266 6,646 8,991 35 7
HWDN Howden Joinery 748 3,228 4,105 27 13
JDG Judges Scientific 252 5,989 8,694 45 31
NXT Next 45 2,199 2,718 24 11
PMP Portmeirion 349 3,212 3,001 -7 1
QTX Quartix 1,085 2,798 3,635 30 73
RM. RM 1,275 3,038 3,315 9 29
RSW Renishaw 92 1,739 3,446 98 20
SOLI Solid State 1,546 4,523 7,297 61 16
TET Treatt 1,222 1,734 5,132 196 29
TFW Thorpe (F W) 2,000 2,207 5,960 170 15
TRI Trifast 2,261 3,357 4,409 31 17
TSTL Tristel 750 268 2,213 725 32
VCT Victrex 150 2,253 3,252 44 16
XPP XP Power 339 6,287 7,967 27 12

Notes: No new additions Transaction costs include £10 broker fee, and 0.5% stamp duty where appropriate Cash earns no interest Dividends and sale proceeds are credited to the cash balance *Annualised return includes dividends, unlike the raw return in the previous column £30,000 invested on 9 September 2009 would be worth £124,290 today £30,000 invested in FTSE All-Share index tracker accumulation units would be worth £65,267 today Objective: To beat the index tracker handsomely over five-year periods Source: SharePad, 9 September 2019.

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.

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.