Kennox at London Value Investor Conference 2025

May 2025

We had a thoroughly enjoyable day at the London Value Conference in May, where Charles’s presentation was well received. He outlined the investment case for several of our portfolio holdings that are trading at very attractive valuations — Sky New Zealand, Youngone, Victrex, and Quadient.

It’s always fascinating to hear how other managers approach value investing. One key takeaway from the day: there’s no shortage of interesting opportunities for value investors right now. Ideas ranged from Tesco and Ryanair to Shell and Athabasca Oil; from platinum stocks to the UK’s favourite fintech, Wise; and from luxury names like Kering to trophy assets such as Madison Square Garden Sports Corp.

The conference truly has something for everyone, and we whole-heartedly recommend it to any investor. Mark your diary — the next one is in May 2026: here.

As always, please find our latest fund factsheet here.