Strong performance and big charity move by Souter Investments

Souter Investments issued its fourth triennial investment review and confirms that since 2016 it has 10 new investments in industries ranging from oil and gas services to financial services, business services, consumer and technology, and a similar number of exits of have also been achieved, including the sale of Alexander Dennis.

“Our total portfolio, excluding Stagecoach, increased in value by 9 per cent per annum over the 12 years ended March 2019,” says Brian Souter. “This compares against a 5 per cent annual return on UK quoted equities over the same period. Although this does not sound like much of a difference, the compounding effect means that the value of our portfolio is 55 per cent higher than it would be if we invested solely in the UK stock market.

“Despite the uncertain political and economic times facing us all, our portfolio is in good shape and Souter Investments has the liquidity to continue investing through the cycle. I remain positive in the ability for canny investors to find value in the coming years and hopefully Souter Investments can continue to be one of those investors.

“Given the excellent performance of Souter Investments, I have today gifted 28 per cent of its shares to The Souter Charitable Trust; I estimate that the value of this shareholding is £109million. The Souter Charitable Trust has donated more than £98million to 13,000 worthwhile causes over the last 13 years and this gift will allow it to continue this important work.”

Andy Macfie, managing director, Souter Investments, adds: “Following the disposals mentioned by Sir Brian, we have more cash and liquid assets than ever before. So if you have an opportunity you think may be of interest to us, please don’t hesitate to contact the team here at Souter Investments.”

www.souterinvestments.com

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