Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Gervais Williams: the real reason to worry about Quindell

Citywire AA-rated manager Gervais Williams has argued that sentiment is the true danger to Quindell.

Williams noted that the processor of insurance claims – which has been attacked by short sellers, including Gotham City Research – is performing well in its underlying business.

Indeed, today Quindell revealed that in the first half of the year its gross sales had surged by 118% to £364 million and pre-tax profit by 292% to £154 million.

Williams instead expressed concern that Quindell – from which he has enjoyed a strong share price appreciation since initially buying in – could suffer if its clients start to worry about the bear raiders.

The veteran investor ranks second in the Citywire UK Smaller Companies sector over the past three years, returning 76.9% compared with a peer group average of 49%.

His Diverse Income Trust tops its UK Growth & Income category over the same period, generating 91.9% in net asset value terms.

Despite this exceptional run, Williams believes that we are only ‘in the foothills of a long period of small cap outperformance’.

He also shares some of his favoured stock picks, including some ‘desperately cheap’ new issues.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

Sector Spotlight: Kleinwort Benson's Choukeir on UK equities

In our first Sector Spotlight of the year we explore UK equities on the back of the extreme market turbulence in 2016.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter