Today sees the release of Temple Bar’s annual report and financial statements
for the year ended 31 December 2021.
An exploration of how capital cycle analysis can help long-term investors to identify profitable industry cycles and avoid areas where the market is over-valued and acutely vulnerable to declining returns.
As the price of nearly everything has soared over the last year, the world’s major central banks have been assuring investors that this is just a temporary blip or as Jerome Powell, Chairman of the US Federal Reserve, has repeatedly said, inflation is just ‘transitory’. The Bank of England had also been singing from the […]
Following the appointment of Redwheel as new managers of the Temple Bar portfolio in October 2020, we have this year been reviewing the trust’s visual identity, to ensure that it is an accurate reflection of what the Trust stands for and the purpose it serves for its current and future investors. Today, we reveal the […]
Having defined our approach to value investing and explained what we do in last quarter’s investor letter, we now feel compelled to discuss what we don’t do. This is largely because of a straw man being constructed (mainly, it seems, by people who are not value investors themselves) about what value investing represents in order […]
The Covid crisis prompted many businesses to cut or cancel their dividends in 2020. Although uncertainty remains, this year’s economic recovery means we are now starting to see those dividends return. In this article, Nick Purves examines the outlook for UK dividends and the implications for Temple Bar investors. A change is gonna come It […]
Ian Lance and Nick Purves of Redwheel, were appointed to manage the Temple Bar Investment Trust portfolio in November 2020. In this first quarterly letter to investors, they explain some of the long-standing principles that lie behind their approach to investment, and why we may now be seeing a renaissance of the value style, leaving […]
At the trust’s Annual General Meeting in May, we took the opportunity to film Chairman Arthur Copple and portfolio managers Ian Lance and Nick Purves, for an update on Temple Bar’s progress. Please watch the recordings below. An update from the Chairman An update from the investment team