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Deep Value Investing: Finding bargain shares with big potential by Jeroen Bos

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CHAPTER 5. ARMORGROUP INTERNATIONAL

Bought at: 27p (November 2007)

Sold at: 80p (March 2008)

I HAVE A LIST OF companies that look interesting but feel too richly priced to be considered as value investments. The advantage of keeping a list of potential investments like this is that I know what I want to buy and know what I am willing to pay. As investor Jim Slater often says: “When preparation and opportunity meet, good things can happen”.

ArmorGroup International was once on this list, till events conspired to lower its price to true deep value territory.

COMPANY BACKGROUND

When I first came across ArmorGroup International in 2007 it was a rather unique services company quoted on the London Stock Exchange. This British firm had been around ...

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