Metropolis Capital Focused Value Investment Home Investment Style Background Approach Investment targets UK Stewardship Code Management SF Metropolis Valuefund News and Articles Metropolis Capital 2015 2014 2013 2012 2011 Value Investor Digest 2015 July 2015 April 2015 March 2015 2014 December 2014 April 2014 January 2014 2013 October 2013 June 2013 March 2013 January 2013 2012 November 2012 July 2012 May 2012 March 2012 Jan 2012 2011 Nov 2011 Sept 2011 July 2011 May 2011 March 2011 Jan 2011 Contact us Terms and Conditions Home Metropolis Capital Limited is a London based Investment Management Firm, which was established to execute a long-only focused equity investment strategy: the FCA Authorised SF Metropolis Valuefund. The Investment Managers are entrepreneurs, Simon Denison-Smith and Jonathan Mills, who met in 1990, whilst working as strategy consultants with Bain & Company. After Bain, they separately went on to launch a software and a media business. The investment methodology of the firm draws extensively from their combined 40 years of experience building and running successful businesses, in particular from the careful and successful allocation of investor capital into over 30 private company buy-outs, combined with their experience since 2008 of running a successful long-only investment strategy in the public markets. Our investment style: focused value investment We are “investors” not “speculators”, seeking a return from long-term appreciation of value and dividends from a concentrated portfolio of 15-25 stocks. For each investment decision, we apply a disciplined and rigorous methodology which is rooted in the teachings of Benjamin Graham and Warren Buffett. Quality at a reasonable price: Invest in businesses with a moat, selling below their intrinsic value, with an emphasis on management who are good allocators of capital. We particularly like “owner occupied” (founder-led) businesses A private equity approach to public markets: Consider each investment as if the fund is buying the whole business, involves deep due diligence on business and management quality Long-term: Focused on absolute returns over 3-5 years, regard short-term price volatility as an opportunity Aligned with investors: Both fund managers have 100% of their listed equity investments in the fund A background of real business experience: The fund managers are able to use their experience of building, running, buying and selling real businesses to give them a deeper understanding of the companies they now invest in Investor Reports March 2015 September 2014 March 2014 September 2013 March 2013 September 2012 March 2012 Prices and performance Prices updated daily: For Trustnet, click here. For Morningstar, click here. For ISIN, SEDOL and Bloomberg codes, click here. Published in early February 2015 after annual audit Close © 2015 Metropolis Capital. All Rights Reserved.