We're posting up notes from the 2018 London Value Investor Conference. Next up is Nick Kirrage of Schroders who pitched a long of Standard Chartered (LON: STAN).
Nick Kirrage's London Value Investor Conference Presentation
Deep value has had ten of the worst years of under-performance verses
growth on record. Most investors are invested in franchise stocks not
deep value. They are over-exposed to growth.
Long: Standard Chartered (LON: STAN):
Nick Kirrage’s partner, Kevin Murphy, pitched Standard Chartered at
last year’s conference. Since then it’s down 11%. They’ve liked banking
for the last five years. They’ve been early and have been adding to
existing banking positions. STAN’s valuation reflects a fear of emerging
markets. It’s a unique franchise in emerging markets and is one of
Kirrage’s and Murphy’s largest positions.
Be sure to check out the rest of the presentations from the London Value Investor Conference 2018.
Tuesday, May 29, 2018
Nick Kirrage Long Standard Chartered: London Value Investor Conference 2018
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