Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Why Temple Bar's share price is on the move

AJ Bell is an easy to use, award-winning platform Open an account
We've accounts to suit every investing need, and free guides and special offers to help you get the most from them.
You can get a few handy suggestions, or even get our experts to do the hard work for you – by picking one of our simple investment ideas.
All the resources you need to choose your shares, from market data to the latest investment news and analysis.
Funds offer an easier way to build your portfolio – we’ve got everything you need to choose the right one.
Starting to save for a pension, approaching retirement, or after an explainer on pension jargon? We can help.
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Shares in investment trust Temple Bar (TMPL) have surged higher since our late summer ‘buy’ call, leaving our recommendation a handsome 15.2% in the money.
In anticipation of a rotation from growth to value, other investors have cottoned on to the attractions of this portfolio of cheap, dividend-paying stocks and the discount has narrowed from 6.3% to 3.2% accordingly.
We’re happy to remain buyers of Temple Bar, managed by renowned contrarian investor Alastair Mundy, in the belief the undemanding valuations in the underlying portfolio should limit downside during a market sell-off. One of The Association of Investment Companies’ ‘Dividend Heroes’, those trusts that have increased annual dividends for 20 consecutive years or more, Temple Bar has recently seen strong NAV growth.
It has benefited from share price increases from support services group Capita (CPI), drugs giant GlaxoSmthKline (GSK) and builders’ merchant Travis Perkins (TPK), banking groups Lloyds (LLOY) and Barclays (BARC). Also lending support has been Britain’s biggest retailer Tesco (TSCO) and recent gold price strength.
SHARES SAYS: Don’t be tempted to take profits. Now is the time to hold onto Temple Bar.
These articles are provided by Shares magazine which is published by AJ Bell Media, a part of AJ Bell. Shares is not written by AJ Bell.
Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
Our website uses cookies to give you a better browsing experience.
You can choose to accept all cookies, or control which we use by clicking 'Manage cookies'. To learn more, read our cookie policy.