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       3,864  
Shares       128,325  
Since 9 September 2009     30,000 132,189 341
           
Companies   Shares Cost (£) Value (£) Return (%)
ALU Alumasc 938 999 797 -20
ANP Anpario 937 3,168 3,092 -2
AVON Avon Rubber 192 2,510 3,537 41
BMY Bloomsbury 1,256 3,274 3,253 -1
CGS Castings 1,109 3,110 4,247 37
CHH Churchill China 341 3,751 5,115 36
CHRT Cohort 1,600 3,747 8,800 135
DTG Dart 456 250 5,782 2,213
DWHT Dewhurst 735 2,244 6,799 203
GAW Games Workshop 198 568 8,878 1,463
GDWN Goodwin 266 6,646 8,805 32
HWDN Howden Joinery 748 3,228 4,344 35
JDG Judges Scientific 252 5,989 11,542 93
NXT Next 45 2,199 2,947 34
PMP Portmeirion 349 3,212 3,071 -4
QTX Quartix 1,085 2,798 3,407 22
RM. RM 1,275 3,038 3,685 21
RSW Renishaw 92 1,739 3,673 111
SOLI Solid State 1,546 4,523 7,374 63
TET Treatt 1,222 1,734 5,187 199
TFW Thorpe (F W) 2,000 2,207 5,440 147
TRI Trifast 2,261 3,357 3,657 9
TSTL Tristel 750 268 2,438 809
VCT Victrex 150 2,253 3,438 53
XPP XP Power 339 6,287 9,017 43

Notes: New additions in bold. 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 £132,189 today. £30,000 invested in FTSE All-Share index tracker accumulation units would be worth £66,642 today. Objective: To beat the index tracker handsomely over five-year periods. Source: SharePad, as at 5 November 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.