Frequently – but not always – the majority of Wasatch International Growth (Trades, Portfolio)’s quarterly new buys are concentrated in a particular region or country. Of Wasatch’s nine new buys in the fourth quarter, eight involved companies based in the United Kingdom.
Wasatch’s largest new buy was the acquisition of a 2,336,940-share stake in Onesavings Bank PLC (LSE:OSB, Financial), a British banking company based in Chatham, Kent, United Kingdom, for an average price of £3.72 ($5.26 in U.S. currency) per share. The purchase had a 0.89% impact on Wasatch’s portfolio.
The stake is 0.96% of Onesavings Bank’s outstanding shares and 0.89% of Wasatch’s total assets. Wasatch is Onesavings Bank’s only shareholder among the gurus.
Onesavings Bank has a P/E of 9.1, a forward P/E of 7.2, a P/B of 2.4 and a P/S of 6.7. GuruFocus gives Onesavings Bank a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Onesavings Bank sold for £3.09 ($4.37 in American dollars) per share Thursday, March 24.
Wasatch purchased a 258,920-share stake in Ted Baker PLC (LSE:TED, Financial), a London-based luxury clothing retail company, for an average price of £32.02 ($45.24 in American money) per share. The acquisition had a 0.84% impact on Wasatch’s portfolio.
The stake is 0.59% of Ted Baker’s outstanding shares and 0.84% of Wasatch’s total assets. Wasatch is Ted Baker’s only shareholder among the gurus.
Ted Baker has a P/E of 27.9, a forward P/E of 25.5, a P/B of 7 and a P/S of 3.2. GuruFocus gives Ted Baker a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Ted Baker reported a 20% increase in annual profits in 2015.
Ted Baker sold for £27.64 ($39.05 in U.S. currency) per share Thursday, March 24.
Wasatch invested in a 726,114-share stake in Savills PLC (LSE:SVS, Financial), a real estate services provider based in London, for an average price of £8.88 ($12.55 in U.S. dollars) per share. The purchase had a 0.7% impact on Wasatch’s portfolio.
The stake is 0.53% of Savills’ outstanding shares and 0.7% of Wasatch’s total assets. Savills’ leading shareholder among the gurus is Invesco European Growth Fund (Trades, Portfolio) with a stake of 1,423,820 shares. The stake is 1.03% of Savills’ outstanding shares and 1.44% of Invesco’s total assets.
Savills has a P/E of 16.3, a forward P/E of 11.1, a P/B of 2.8 and a P/S of 1. GuruFocus gives Savills a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Savills sold for £7.48 ($10.57 in American money) per share Thursday, March 24.
Wasatch bought a 1,818,412-share stake in Shawbrook Group PLC (LSE:SHAW, Financial), a provider of banking services based in Brentwood, England, for an average price of £3.38 ($4.78 in American currency) per share. The transaction had a 0.69% impact on Wasatch’s portfolio.
The stake is 0.73% of Shawbrook’s outstanding shares and 0.69% of Wasatch’s total assets. Wasatch is Shawbrook’s only shareholder among the gurus.
Shawbrook has a P/E of 12.5, a forward P/E of 7.6, a P/B of 2.1 and a P/S of 4.2. GuruFocus gives Shawbrook a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Shawbrook Group sold for £3.01 ($4.25 in U.S. money) per share Thursday, March 24.
Wasatch purchased a 1,543,355-share stake in Patisserie Holdings PLC (LSE:CAKE, Financial), a United Kingdom-based cafe and casual dining company offering cakes, pastries, snacks, meals and hot and cold drinks, for an average price of £3.51 ($4.96 in U.S. money) per share. The deal had a 0.69% impact on Wasatch’s portfolio.
The stake is 1.54% of Patisserie’s outstanding shares and 0.69% of Wasatch’s total assets. Wasatch is Patisserie Holdings’ only shareholder among the gurus.
Patisserie has a P/E of 33.1, a forward P/E of 23.8, a P/B of 5.5 and a P/S of 4. GuruFocus gives Patisserie a Financial Strength rating of 8/10 and a Profitability and Growth rating of 5/10.
Patisserie sold for £3.64 ($5.14 in American currency) per share Thursday, March 24.
Wasatch acquired a 1,768,409-share stake in Arrow Global Group PLC (LSE:ARW, Financial), a debt purchaser and manager based in Manchester, United Kingdom, for an average price of £2.57 ($3.63 in American currency) per share. The transaction had a 0.5% impact on Wasatch’s portfolio.
The stake is 1.01% of Arrow Global’s outstanding shares and 0.5% of Wasatch’s total assets. Wasatch is Arrow Global’s only shareholder among the gurus.
Arrow Global has a P/E of 13.9, a forward P/E of 8.3, a P/B of 3 and a P/S of 2.9. GuruFocus gives Arrow Global a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10.
Arrow Global sold for £2.5 ($3.53 in U.S. dollars) per share Thursday, March 24.
Wasatch invested in a 1,309,963-share stake in Regus PLC (LSE:RGU), a facility management and business support services with offices in Saint Helier, Jersey (the largest of the Channel Islands in the English Channel) and Luxembourg City, Luxembourg. Wasatch paid an average price of £3.32 ($4.69 in U.S. dollars) per share in a transaction that had a 0.47% impact on Wasatch’s portfolio.
The stake is 0.14% of Regus’ outstanding shares and 0.47% of Wasatch’s total assets. Wasatch is Regus’ only shareholder among the gurus.
Regus has a P/E of 23.9, a forward P/E of 16.8, a P/B of 5 and a P/S of 1.5. GuruFocus gives Regus a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Regus sold for £3.11 ($4.39 in American money) per share Thursday, March 24.
Wasatch purchased a 95,659-share stake in Secure Trust Bank PLC (LSE:STB), a retail and commercial bank based in Solihull West Midlands, United Kingdom, for an average price of £29.92 ($42.27 in American money) per share. The deal had a 0.34% impact on Wasatch’s portfolio.
The stake is 0.53% of Secure Trust Bank’s outstanding shares and 0.34% of Wasatch’s total assets. Wasatch is Secure Trust Bank’s only shareholder among the gurus.
Secure Trust Bank has a P/E of 18.3, a forward P/E of 12.2, a P/B of 3.7 and a P/S of 5.9. GuruFocus gives Secure Trust Bank a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Secure Trust Bank sold for £28.32 ($40.01 in U.S. currency) per share Thursday, March 24.
The only non-British stock that Wasatch purchased in the fourth quarter was Banca Ifis (MIL:IF), a financial services company based in Venice, Italy. Wasatch acquired a 253,198-share stake for an average price of €24.71 ($27.58 in U.S. currency) per share. The transaction had a 0.58% impact on Wasatch’s portfolio.
The stake is 0.48% of Banca Ifis’ outstanding shares and 0.58% of Wasatch’s total assets. Wasatch is Banca Ifis’ only shareholder among the gurus.
Banca Ifis has a P/E of 9.5, a forward P/E of 14.6, a P/B of 2.7 and a P/S of 4.1. GuruFocus gives Banca Ifis a Financial Strength rating of 6/10 and a Profitability and Growth rating of 8/10.
Banca Ifis sold for €28.82 ($32.17 in American dollars) per share on Thursday, March 24.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for seven days.
