River & Mercantile's Lough looks to 'the rubbish tip' for value opportunities
DFS holding expected to 'materially increase'
William Lough of River & Mercantile
UK equity market dispersion is at its highest levels since the TMT bubble, which has led to opportunities within "companies in the discarded bucket" for which the "fundamentals are better than the market thinks", according to portfolio manager of the ES R&M UK Dynamic Equity fund William Lough.
Lough, who took over from former colleague Philip Rodrigs in April 2018, identified furniture retailer DFS as a stock that the market has mispriced, with the capacity to "materially increase" market share...
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