I suppose I should be thankful for small mercies: shares in building services group Bilby (LON:BILB) have risen by nearly 80% from the all-time low of 24p seen in April.
However, that’s cold comfort when for the second consecutive week I find myself recording a loss of more than 60% on an outgoing SIF folio stock.
As it’s the end of May, I’m reviewing stocks that have been in the SIF folio for at least nine months. This month, there’s only one – Bilby – so I’m going to take a final look at this disappointing performer and explain why I’m sceptical about its potential as a value buy.
I’m also going to catch up with the performance of my International SIF and check whether I need to sell any stocks from this virtual portfolio.
Bilby: value buy or value trap?
If my new rule of selling immediately after a profit warning had been in place last year, SIF’s losses on Bilby would have been considerably smaller. I’m confident this is the right approach and as always with these things, wonder why I didn’t do it sooner.
However, Bilby shares have bounced back strongly from the lows seen in…
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