A Review of my 2020 Share Portfolio – Chris Spencer-Phillips

This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

Review of 2020 I wrote a review of my share portfolio (only an ISA) at the end of 2019 which ended the year 25% up which I was pleased about being a relative newcomer to investing. Surprisingly 2020 was an even better year albeit a bit of a roller coaster – my ISA was up […]

You must be logged in as ShareSoc or SIGnet member to access this page. Login here to view this page, or sign up if you are not yet a member, to obtain an account for our website.

  1. Mike Dennis says:

    Very interesting summary Chris and well done for an excellent year. I hope you continue to pick more of the winners than losers. As a matter of interest to what extent do you feel that your job working with small cap boards and recruiting NEDs gives you an advantage in helping you to identify the companies that have the best prospects? Its not something that most of us get the opportunity to assess in such great detail but you have a ringside seat.
    The corollary to that is how often are you put off from investing in a company solely because of the board?

  2. Chris Spencer-Phillips says:

    Thanks Mike – an interesting question. As you know my main business is running a Non Exec Search firm providing effective Non Execs including to a lot of AIM Companies so it is inevitable that I take a keen interest in Boards when I am thinking of investing. I sold my shares in Patsisserie Valerie a few months before they went bust as I didn’t feel their Board was fit for purpose and lacked key skills.. I have also sold my shares in Zytronic and NetCall because I didn’t think their Boards are dynamic and lacked Independent Non Execs. I have found many investors focus on the financials and business model rather than the Board but the “fish rots from the head”! A good Board will contain two Execs and at least two truly independent Non Execs. The board should have diversity not just gender but skills, age and ethnicity. Skills should include in addition to the usual financial expertise, proven entrepreneurs and specific skills such as ESG and Cyber.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.