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.
