Dod101 wrote:A lot of movement with investment managers at the moment, and Alistair Mundy has not got a very good record at Temple Bar, not in recent times anyway. He has always been a contrarian of course and that will not always work but Investec (or Ninety One as it is now called) is not doing very well these days. I welcome the moves by Temple Bar because at least they are doing something about the poor performance.
It will be interesting to watch developments.
Good luck to Mr Mundy. I hope he has not got the C virus.
I agree with all of that.
Ironically, if we look at dividend growth in any case, TMPL had been appearing to pick up in the last year or two with some strong dividend raises. However, the companies in the portfolio have been hit very heavily. If they are able to maintain the current dividend, which is not a given over the long term, then we may see some very tiny raises such as 0.1% to try and keep its record going as a dividend growth trust.
Best wishes,
Mark.