SIF September review: Bonmarchamp;eacute;, Motorpoint and a bid for Jardine Lloyd Thompson
Last week came to a profitable end for the SIF folio, when specialist insurance broker Jardine Lloyds Thompson received a takeover bid from US heavyweight Marsh amp; Mclennan. This week I’ll take a look at this news and explain what I’m going to do next.
As it’s the end of the month, I’ll also review any stocks which have been in the folio for at least nine months. Checking back through my trading records, I can see that two stocks were added in December 2017, so must be considered for eviction this month:
Motorpoint: I’ve become something of a reluctant convert to the attractions of this business. The stock’s performance has been good during its time in the portfolio, but does it still pass all of my screening tests?Bonmarché Holdings: This small-cap womenswear retailer has the credentials I tend to look for in value investments. Low valuation, strong balance sheet and a high yield. Performance so far has been promising, but I think there’s more to come.Here’s a snapshot of how these holdings have performed so far. Both positions are in profit and have also paid dividends (not shown here). I’ve also included...