View the article online at http://citywire.co.uk/money/article/a595353
Old Mutual’s Dan Nickols: the UK tech stocks poised for growth
Nickols, who manages the Old Mutual UK Select Smaller Companies fund, is targeting companies with high barriers to entry that can offer above-average growth.
Nevertheless, he maintains Smiths News is ‘an interesting business and it is continuing to grow profits even in the context of a difficult environment by virtue of consolidation and just being a very tightly managed business’.
He has also bought a stake in Ulster TV, because it is currently on a P/E of seven, even though it owns the solid Talksport business. ‘The bottom line is, any business which is going to deliver that P/E is just too cheap,’ he said.
Nickols’ Old Mutual UK Select Smaller Companies fund has returned 1.77% over one year, compared with the average manager’s 0.02% return.
News sponsored by:
From Brazil and Mexico, to Vietnam and Nigeria, the rapidly developing economies of Latin American and frontier markets, which are some of the smaller, less developed economies in the world, provides investors with a wealth of potential opportunities. Discover why BlackRock's investment trust range is well placed to help you make more of these exciting regions.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Look up the funds
Look up the shares
- Telecity Group PLC (TCY.L)
- Anite PLC (AIE.L)
- Talktalk Telecom Group PLC (TALK.L)
- Fenner PLC (FENR.L)
- Smiths News PLC (SNWS.L)
Look up the fund managers
More from us
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.
by Daniel Grote on Sep 20, 2016 at 12:06