It’s been almost six months since Tempus looked at Aberforth Smaller Companies Trust (Greig Cameron writes). Back then, Tempus thought that concerns over how its portfolio might fare post-Brexit and a poor long-term performance meant it was one to avoid. At the time in November, the trust’s shares stood at £11, a trade deal with the European Union had still to be agreed and Britain was not far from entering a long winter of coronavirus lockdowns and disruptions.
Yesterday the shares rose 10p, or 0.6 per cent, to £15.40 — about the same level as they were towards the end of 2019, before more than halving in value in March last year.
The trust is managed by a team of eight at Aberforth Partners, a
