UK stocks have had a brilliant run lately, with the smashing past one all-time high after another. Usually, I prefer to buy shares when markets are down and prices are cheap, which isn’t the case today, obviously. Yet I still think the UK stock market contains plenty of great value companies worth buying today.
The FTSE 100 still trades at a modest 13 times earnings, a discount of a roughly a third to global equities, according to Evelyn Partners. They’re well below their long-term median valuations. FTSE 100 value shares I’ve been and recently bought these two apparent bargains.
I think they’re still worth buying today. For years, I watched helplessly as the ( ) share price smashed it. I concluded I’d missed my chance to buy the branded sportswear retailer, only to see it fly even higher.
Then, on 4 January, its shares crashed 20% as disappointing festive trading triggered a profit warning. I waited for the dust to settle and bought them inside my Self-Invested Person Pension (SIPP) on 22 January. I like buying good companies on bad news but I’ve learned one hard lesson.
Turning things round takes time. I didn’t expect an instant revival. My stake has crept up just 3.
25% so far, but it’s early doors. Now I’m tempted to buy more. The JD Sports share price is down 24.
27% on a year ago and looks good value, trading at just nine times earnings. The risk is that I’m living in the past. Just because JD Sports was a stock market darling once, doesn’t mean it w.
