Why this value fund manager is ignoring last year’s earnings
As markets eye record levels, IML’s Tim Wood is screening out over-earning as COVID-19 super profits fade. The same goes for the float everyone’s talking about: Virgin.
The reporting season under way gets the market another half closer to weeding out the COVID-19 gremlins that persist in company reporting, be they a flair for over-earning, or the final kinks being ironed out of supply chains.
IML Sustainable Future Fund co-manager Tim Wood does not assume super profits booked during the pandemic years in any of the manager’s forecasting exercises.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles