The Biznews Global Share portfolio has done superbly since we launched in December 2014. A combination of good stock picks and the weaker Rand has delivered an annualised return of 30%, a full ten percentage points ahead of the market.
Every month we revisit the portfolio in a free half hour webinar (thanks to the sponsorship of Standard Bank Webtrader). It’s interactive and become quite popular. I’d love for you to join us for the April edition tomorrow (Friday) at 12:30. You need to register beforehand – the details are on Biznews and our social media channels.
We’ve just added Barclays Plc to the mix, our first new stock in quite a while. I’ll provide all the reasons in tomorrow’s webinar, but as mentioned in a recent piece on Biznews, there’s a lot to like about the way the new management team is sorting out the troubled UK banker. With a price to book of 0.69 times, it’s also incredibly cheap (over 1 is normal). And with Absa’s sale looming ever nearer now that Bob Diamond has the money and intention, the UK banking group is one for the long term.
