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       1,960  
Shares       101,117  
Since 9 September 2009     30,000 103,077 244
           
Companies   Shares Cost (£) Value (£) Return (%)
ALU Alumasc 938 999 1,008 1
CFX Colefax 434 943 2,344 149
CGS Castings 1,109 3,110 4,314 39
CHH Churchill China 341 3,751 3,205 -15
CHRT Cohort 1,600 3,747 6,160 64
DTG Dart 456 250 3,716 1387
DWHT Dewhurst 735 2,244 6,615 195
GAW Games Workshop 198 568 6,138 981
GDWN Goodwin 266 6,646 6,304 -5
HWDN Howden Joinery 748 3,228 3,396 5
JDG Judges Scientific 150 3,490 3,720 7
NXT Next 45 2,199 2,015 -8
PMP Portmeirion 349 3,212 3,490 9
RSW Renishaw 92 1,739 3,744 115
SAG Science 2,660 2,908 5,533 9
SOLI Solid State 2,400 7,221 7,344 2
SYS1 System1 463 1,793 972 -46
TET Treatt 1,222 1,734 5,395 211
TFW Thorpe (F W) 2,000 2,207 5,040 128
TRI Trifast 2,261 3,357 4,070 21
TSTL Tristel 1,690 604 4,310 613
VCT Victrex 150 2,253 3,426 52
VP. Vp 221 508 2,077 309
XPP XP Power 339 6,287 6,780 8


Notes: Two 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. £30,000 invested on 9 September 2009 would be worth £103,077 today.
£30,000 invested in FTSE All-Share index tracker accumulation units would be worth £58,676 today.
Objective: To beat the index tracker handsomely over five-year periods.
Source: SharePad, as at 7 January 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.