‘Ignore the oil price – energy stocks are still great value’: Ian Lance of Temple Bar Investment Trust

The latest episode of The IC Interviews features Ian Lance, co-manager of Temple Bar Investment Trust alongside Nick Purves, who together have more than five decades of experience. The duo focus on undervalued UK shares and are adept at avoiding value traps.In this episode, Dave and Ian discuss the possibility of a UK re-rating, the sectors most attracting Ian and Nick’s attention, news from Royal Mail-owner International Distribution Service (IDS), tobacco stocks and much more.This episode was recorded on 17 April.Timestamps00:51 Is there a catalyst for a UK re-rating?2:35 Buybacks 4:54 The sectors catching his eye6:42 Energy and commodity prices8:54 How Lance thinks banks balance the benefits of higher rates versus risk11:11 Why the trust doesn’t have more UK holdings 13:52 The fund's income versus total return outlook15:25 Holdings that don’t pay much out 17:11 International Distribution Service (IDS)19:53 What would make Lance give up hope on a turnaround play23:05 Sectors that are hard to be optimistic about25:04 Other sectors with appeal Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week.To start your trial, visit investorschronicle.co.uk/podcasttrial*After your 12-week trial you will pay just £56.25 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only. Hosted on Acast. See acast.com/privacy for more information.