This year, Temple Bar celebrates its centenary. One hundred years is a long time in any walk of life – long enough to have witnessed the Wall Street Crash, two world wars, the dot-com bubble, a global financial crisis, a pandemic, and today, fresh conflict in the Middle East. In our view, through all of […]

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By Ian Lance, co-portfolio manager Every time I visit my mother, she asks me why the stock market is doing so well when the current government appears determined to hamper the economy by raising taxes, increasing the cost of employing staff, driving up energy prices or just generally getting in the way of business by […]

The post Temple Bar: Investing through the pessimism appeared first on UK Investor Magazine.

by Ian Lance, Portfolio Manager It is nearly five years since Nick Purves and I had the honour to be appointed as the new portfolio managers of the Temple Bar Investment Trust, and whilst we believe that the expression ‘pride comes before a fall’ is probably more true in asset management than almost any other […]

The post Temple Bar: Lessons learnt from the first five years appeared first on UK Investor Magazine.

Introduction – has the market stopped caring about value? The very essence of value investing is the search for securities which are incorrectly priced – where the market price is trading at a substantial discount to the intrinsic value of the underlying business. Sometimes this happens because investors are prone to behavioural biases such as […]

The post Finding value in modern markets appeared first on UK Investor Magazine.

As we approach the fifth anniversary of Redwheel’s appointment as investment managers to the Temple Bar portfolio, in our latest update video, chairman Richard Wyatt examines Nick and Ian’s progress to date, along with recent developments in the UK equity market and their implications for the Temple Bar dividend.  Past performance is not a guide […]

The post Temple Bar Investment Trust Chairman Update appeared first on UK Investor Magazine.

At the current time, every market moving event seems to start with a pronouncement from US President, Donald Trump. His desire to bring an end to the war in Ukraine and the associated cessation of US military aid, is likely to re-write the European defence architecture, with European countries having to make significant increases to […]

The post Reflections on current market volatility appeared first on UK Investor Magazine.

Since we believe that fund manager ‘start of year outlooks’ are rarely of any use, we do not intend adding to the dozens that have already been published. Instead, our natural contrarian instincts inspire us to look backwards rather than forwards, so below we review what we were saying early last year and how it […]

The post The ‘total return kings’ revisited appeared first on UK Investor Magazine.

As value investors, one of the questions we have been asked a lot recently is, “why doesn’t value investing work anymore?”. The perception behind this question, however, depends hugely on the frame of reference because, from where we sit, it seems that value investing is working once more. The long period of low interest rates and quantitative […]

The post Contrary to popular belief, value investing is working again appeared first on UK Investor Magazine.