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Simon Thompson's Bargain Portfolio


The idea behind our annual Bargain Shares Portfolio is very simple. It’s to invest in companies where the true worth of the assets is not reflected in the share price, usually for some temporary reason, but where we can reasonably expect that it will be in due course.

Our portfolios are based on the investment ideas of Benjamin Graham (see box ‘Rules of Engagement’) and they have beaten the FTSE All-Share index in 14 out of the 18 years in which we have run them. During that time, they’ve generated an average return of 20.7 per cent in the first 12-month holding period compared with an average increase of 4.2 per cent for the FTSE All-Share.


Latest Updates

  1. Top-slicing and running profits

    By Simon Thompson | 26 June 2017

    Simon Thompson recommends banking some gains on his top-performing holdings, and highlights some small-cap value opportunities, too

    'The time is right to top-slice your holdings by selling two-thirds and running the balance for free. This means that for every £10,000 of capital invested on my advice two years ago, you get back more than £40,000 of cash and still hold over £20,000-worth of shares to keep some skin in the game'

  2. Small-cap gems

    Small-cap gems

    By Simon Thompson | 13 June 2017

    Simon Thompson highlights a number of small-cap investment opportunities

    After consolidating gains the share price now looks well placed once again to achieve that discounted cash-flow-based target price, with a chance of exceeding it if contract momentum continues to build

  3. Corporate activity boosts Bargain shares

    Corporate activity boosts Bargain shares

    By Simon Thompson | 31 May 2017

    Simon Thompson notes an uptick in corporate activity in his 2016 Bargain shares portfolio

    The bottom line is that the strategic review may include, but not be limited to, an acquisition by or sale/merger of the company and one that I fully expect to value the equity way in excess of the 13p a share Goldstream Capital Management paid last year for its 6 per cent stake.

  4. Small-cap trading updates

    Small-cap trading updates

    By Simon Thompson | 24 May 2017

    Simon Thompson offers his advice on no fewer than five small cap companies

    My financial models suggest that fair value for the equity is around 120p a share and with positive news expected on the development pipeline in the second half, I have no reason to change that bright view.

  5. Five small-cap opportunities

    Five small-cap opportunities

    By Simon Thompson | 23 May 2017

    Our small-cap stockpicking expert offers up a quintet of investment opportunities

    The news prompted analysts to hike EPS forecasts by 17 per cent based on a 10 per cent increase in full-year revenues, a conservative looking estimate given that revenues are currently up 25 per cent year-on-year.

Our portfolios

Mr Bearbull's Global Fund Portfolio

A portfolio of instruments designed to capture the rise of emerging markets

Mr Bearbull's Income Fund Portfolio

A collection of high-yielding shares that's beaten the market since 1998

Chris Dillow's Benchmark Portfolio

Simple portfolios picked using simple rules that often beat the market

John Baron's Investment Trust Portfolios

A portfolio of investment trusts designed to generate growth and income

David Stevenson's SIPP Portfolio

Our columnist describes how he manages his pension fund and what he puts in it

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