FW Thorpe

20 March 2015
By Maynard Paton

Quick update on FW Thorpe (TFW).

Event: Interim results published 19 March

Summary: Good set of reliable figures with revenues, profits, the dividend and net cash all moving higher. Progress was made throughout the group’s different divisions, with sales of LED products apparently booming. A loss-making subsidiary has also been sold. I could find no accounting worries and wish all my investments could issue such dependable results. I continue to hold.

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30 January 2015
By Maynard Paton

It’s funny how the dullest companies can produce some of the very best returns for patient investors.

Take FW Thorpe (TFW) for example. I wrote about this obscure lighting business for my former employer back in 2004, when the market cap was £26m and the share price was 23p (adjusted for a later 10-for-1 split).

Today, TFW’s market cap is £156m and the price is 135p — a 500% return if you include dividends collected along the way.

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