‘A share is only worth the future dividends the business can generate’, explains Mark Westwood as one principle that guides how he builds a concentrated portfolio from an unconstrained UK equity universe.
Having said that, last year he avoided traditional dividend payers such as oil, mining and banks – for very good reasons – and tells us why he is now starting to drift back into the oil majors, for example. He is also benefiting this year from companies hit by reputational risk last year. Which company do you think that could be..?
