Family Portfolio

[GrahamPlatt]

Someone, sometime in early 2012 postulated the idea of buying a portfolio of family-run firms.
On 14th May 2012 I created a 'fantasy' portfolio of his/her choices. I had intended a total purchase cf the original HYP of £75k
For whatever reason, I didn't 'buy' a full holding of RWS. Would have been unfortunate if I'd actually followed up on the idea!
Here's the eighth-year review:

Code: Select all

EPIC    Name                                 Quantity  Total Cost AvePrice Price   CurrenValue  Profit/Loss  P/L %   
LSE:ABM African Battery Metals Plc               1250    4032.5     3.23   0.01         6.25   -4026.25    -99.85%
LSE:BEG Begbies Traynor Group Plc               13330    4031.5      0.3   1.07     14196.45   10164.95    252.14%
LSE:DTG Dart Group Plc                           5500   4019.94     0.73   4.81     26433      22413.06    557.55%
LSE:HSP Hargreaves Services Plc                   338   4027.64    11.92   2.0        676      -3351.64    -83.22%
LSE:IDH Immunodiagnostic Systems Holdings Plc    1190   4018.93     3.38   2.0       2380      -1638.93 -   40.78%
LSE:JHD James Halstead Plc                        727   4030.99     5.54   5.06      3678.62    -352.37     -8.74%
LSE:KBC Kbc Adv.Tech.                            5330   4029.99     0.76   2.09     11153.03    7123.04    176.75%
LSE:LTHMLatham (james) Plc                       1400   4022.45     2.87   8.0      11200       7177.55    178.44%
LSE:MAYGMay Gurney                               1670   4023.75     2.41   3.03      5051.75    1028        25.55%
LSE:MJW Majestic Wine                             865   4011.39     4.64   3.88      3358.36    -653.03    -16.28%
LSE:MUR Murgitroyd Group Plc                     1080   4028.48     3.73   6.7       7236       3207.52     79.62%
LSE:NICLNichols Plc                               560   4014.01     7.17  11.5       6440       2425.99     60.44%
LSE:PRESPressure Technologies Plc                2424    4032.1     1.66   0.85      2060.4    -1971.7     -48.90%
LSE:RWS Rws Holdings Plc                         4000   2034.52     0.51   6.06     24240      22205.48   1091.44%
LSE:SGI Stanley Gibbons Group Plc                1740   4034.51     2.32   0.02       40.02    -3994.49    -99.01%
LSE:TFW Thorpe (f.w.) Plc                        3900   4010.39     1.03   3.16     12324       8313.61    207.30%
LSE:VTU Vertu Motors Plc                        13800   4034.51     0.29   0.28      3808.8     -225.71     -5.59%
LSE:WYN Wynnstay Group Plc                       1030   4028.88     3.91   2.8       2884      -1144.88    -28.42%
LSE:YNGAYoung & Co's Brewery Plc                  640    4032.5      6.3  11.35      7264       3231.5      80.14%
                                                                                                             
Total                                                  74498.98                  144430.68     69931.7      93.87%
       


[Hariseldon58]

There’s an interesting thing in there, most stocks finish not far from where they started, a small number do really well, a similar number do really badly.

Much like the market in general, but since the downside is capped and the upside is unlimited.... the sum of the total is satisfactory,.

PS a global tracker did far better.

[PinkDalek]

Someone, sometime in early 2012 postulated the idea of buying a portfolio of family-run firms.
On 14th May 2012 I created a 'fantasy' portfolio of his/her choices. ...

Not necessarily a rare idea but was it by any chance the Fool fka MobyDick (G A Chester) or similar?

If so, some of us could dig up the original articles, possibly.

[Breelander]

Not necessarily a rare idea but was it by any chance the Fool fka MobyDick (G A Chester) or similar?
If so, some of us could dig up the original articles, possibly.

Were you thinking of me?

G A Chester's introductory article was in June 2010
https://web.archive.org/web/20100621132 ... firms.aspx

By June 2011 there were twelve investments: https://web.archive.org/web/20110619091 ... tment.aspx

[GrahamPlatt]

Not necessarily a rare idea but was it by any chance the Fool fka MobyDick (G A Chester) or similar?

Were you thinking of me?

The idea may have originated there, but looking at the investments in that link to June 2011 they don’t correspond well with the ones I have. I think I followed a poster rather than a staffer, but don’t recall who.

Despite my struggles on the test board, the table’s not perfect. The last column has wrapped. Still, it’s intelligible.

[daveh]

Despite my struggles on the test board, the table’s not perfect. The last column has wrapped. Still, it’s intelligible.

The table works for me on my main computer with a wide screen , but was unreadable on my phone due to wrapping. I can't really comment though as I'm very poor at getting tables to work on here.

[GrahamPlatt]

Yes, table presentation is behaving strangely. dealtn has just “quoted” my post on the Testing 123 board, and the table displays fine in the quote but not in the original post. Odd.

[Dod101]

Did May Gurney not disappear in to Kier at one point?

Some of these companies are very small and/or are quoted on AIM. It would in any case be helpful if some rules were introduced for companies to be included. I am pretty sure that that was done on the original thread such as, a minimum market cap, a minimum shareholding by the family, whether there is Board representation by the family and so on.

On the whole I like family run companies because they usually have a long term view, relatively low borrowings and are generally conservatively run.
The drawback is that you need to go long with what the family want.

Interesting exercise though.

Dod

[PinkDalek]

Some of these companies are very small and/or are quoted on AIM.

Graham Chester's?

It would in any case be helpful if some rules were introduced for companies to be included. I am pretty sure that that was done on the original thread such as, a minimum market cap, a minimum shareholding by the family, whether there is Board representation by the family and so on. ...

The original threads at TMF are long gone, unless they were also captured. I remember chatting to Graham generally regarding Young & Co and others. The helpful links Bree provided has some discussion but that was when that facility was also available. Most didn't bother replying there as MobyDick would also post for discussion on the, erm, TMF discussion boards.

That having been said, maybe if we are to discuss Graham's portfolios, we should do it in a separate thread, perhaps entitled "The Family Firms Portfolio - G A Chester" as it might be interesting to put all the available links (not just the two so far that Bree posted for brevity) there and it wouldn't distract from the OP who has already said they don’t correspond well with the ones I have. I think I followed a poster rather than a staffer, but don’t recall who ....

I might start one later, when and if I remember.

[Breelander]

...maybe if we are to discuss Graham's portfolios, we should do it in a separate thread, perhaps entitled "The Family Firms Portfolio - G A Chester" as it might be interesting to put all the available links (not just the two so far that Bree posted for brevity) there ...[/i].

After discussing this with PD via PM I have done that.

viewtopic.php?f=33&t=23434&p=308748#p308748

[gryffron]

Does the return include dividends? 93% capital return PLUS dividends would be pretty tasty over 8 years. Especially given the current end-point.

BTW the table looks fine to me. No wrapping at all. Are you looking at it on a very small screen?

Gryff

[GrahamPlatt]

Small screen was/is the problem. iPad mini. I have since looked in on my proper PC and it is fine there.
And no, the divis are excluded there - that’s all just what the SP has done.