17 June 2015
By Maynard Paton
Today I’m continuing my hunt for Watch List shares with a look at BP Marsh (BPM).
Here are the initial attractions that prompted this research:
Lowly valuation: The shares trade at a 28% discount to the group’s net asset value
Appealing history: Book value has reportedly grown at an 11% annual average since 1990
Owner management: The present boss established the firm and boasts a 63% shareholding
As usual, I’m applying a question-and-answer template to help me pinpoint companies that match the criteria set out in How I Invest. I’m looking for as many Yes answers as possible.