Q3 Returns

 

	Bloomberg Ticker	Percentage
Value Fund		13%
Rolls Royce	ROLLS	9%
Dignity	DTY	8%
Circassia	CIR	7%
Davita	DVA	7%
Menzies	MNZS	7%
Church&Dwight	CHD	6%
Unilever	ULVR	6%
B&C Speakers	BEC	6%
Philip Morris	PM	6%
Sabre Corp	SABR	5%
Dolphin Capital	DCI	4%
Grenke	GRENKE	4%
Bayer AG	BAYER	4%
Card Factory	CARD	2%
Onthemarket	OTM	2%
Spectrum Brands	SPB	1%
GBP Cash		4%
Quarterly Return	Quarterly Benchmark Return
3.07%	2.44%
Return Since Inception	Benchmark Return since Inception
56.95%	254.48%
Annualised Return since Inception	Annualised Benchmark Return since Inception
5.29%	15.56%

Q2 Returns

	Bloomberg Ticker	Percentage
Value Fund		14%
Dignity	DTY	10%
BIFFA	BIFF	8%
GYM Group	GYM	7%
Menzies	MNZS	7%
Rolls Royce	ROLLS	7%
B&C Speakers	BEC	6%
Unilever	ULVR	6%
Philip Morris	PM	6%
Sabre Corp	SABR	6%
Circassia	CIR	5%
Bayer AG	BAYER	4%
Grenke	GRENKE	4%
Dolphin Capital	DCI	4%
Card Factory	CARD	2%
Onthemarket	OTM	2%
Spectrum Brands	SPB	1%
GBP Cash		1%
Quarterly Return	Quarterly Benchmark Return
6.66%	7.10%
Return Since Inception	Benchmark Return since Inception
52.27%	246.03%
Annualised Return since Inception	Annualised Benchmark Return since Inception
5.07%	15.72%

Li Lu talk to Columbia Business School on Value Investing - I really enjoyed this.

I'm pretty sure Li Lu doesn't invest like this any more given some of the names he is in (Facebook) but a really good talk on scuttlebutt and going the extra mile. 

https://www.youtube.com/watch?v=-jF5au0-JiY&feature=youtu.be

Q1 2021 Returns

 

	Bloomberg Ticker	Percentage
Value Fund		15%
Dignity	DTY	9%
Rolls Royce	ROLLS	8%
BIFFA	BIFF	7%
B&C Speakers	BEC	7%
GYM Group	GYM	6%
Unilever	ULVR	6%
Staffline	STAFF LN	6%
Philip Morris	PM	6%
Stellantis	FCAU	6%
Bayer AG	BAYER	5%
Dolphin Capital	DCI	4%
Grenke	GRENKE	4%
Imperial Brands	IMB	3%
Allied Minds	ALM	3%
Card Factory	CARD	2%
Onthemarket	OTM	2%
Spectrum Brands	SPB	1%
GBP Cash		1%
Quarterly Return	Quarterly Benchmark Return
7.08%	4.33%
Return Since Inception	Benchmark Return since Inception
42.78%	223.09%
Annualised Return	Annualised Benchmark Return
3.23%	15.28%

Q4 2020 Returns

 

	Bloomberg Ticker	Percentage
Value Fund		16%
Rolls Royce	ROLLS	10%
Dignity	DTY	10%
Jefferies	JEF	10%
Unilever	ULVR	9%
BIFFA	BIFF	8%
FIAT	FCAU	7%
B&C Speakers	BEC	7%
Philip Morris	PM	7%
Allied Minds	ALM	6%
Bayer AG	BAYER	5%
Staffline	STAFF LN	5%
Imperial Brands	IMB	4%
Dolphin Capital	DCI	4%
Onthemarket	OTM	3%
Card Factory	CARD	2%
Spectrum Brands	SPB	1%
GBP Cash		3%
Quarterly Return	Quarterly Benchmark Return
12.77%	12.32%
Return Since Inception	Benchmark Return since Inception
33.34%	209.68%
Annualised Return	Annualised Benchmark Return
3.66%	15.18%