As we reported last week, a key holding inside our Australian All Caps portfolio, Silk Laser Australia (SLA.ASX), experienced a significant increase in its share price due to a buyout bid from Wesfarmers Ltd (WES.ASX). Portfolio manager Ron Shamgar has been following the company closely and in a recent webinar he explained more about this opportunity.
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Exciting news! TAMIM Australian All Caps portfolio manager Ron Shamgar has been talking about this small cap as a potential takeover with significant upside, and the story is playing out right now.
This week we will be talking about the recycling industry, a segment that we don’t believe is spoken about enough in this age of environmental reform. Similar to our recent article on tin, recycling seems to be a forgotten factor that investors are overlooking. We will highlight a recent recycling IPO that is growing fast and will be benefiting from industry tailwinds.
With reporting season now over, investors can take the time to review the results. Stocks will often take time to rerate after the release of a good result as they can get lost amongst hundreds of others. This week we will talk about IGL’s results and why we believe it was one of the best on the ASX. We will also dive into CAJ’s results and look at why they should do better in a normalised environment.
This week we will continue looking at reporting season with a look at two companies that saw challenging trading conditions in the half as a result of Covid-19 impacts and explain why their outlook for FY22 is strong. Many companies saw tougher trading conditions but not all were able to navigate through the half without a severe impact on operations. Further, January has been impacted by omicron but, looking forward, we are starting to see a more normalised trading environment.
2022 hasn’t started like most people were hoping with January being the worst start to a year on record, the S&P500 being down -11%, at one point. The ten largest stocks on the index were down -20% at one point and the average Nasdaq stock was down -50%. In Australia, the tech index hit an intra month low of -25% while the Small Ords was down -13% at one stage. This week we have seen a bounce back in equity markets but one could argue that we are in bear market territory based on some of those figures, yet there’s no global recession in sight.
Over the past few weeks we have been covering stocks we believe are poised to benefit from the ongoing reopening of Australia and New Zealand. This week we will be writing about a small cap payments company that should be a huge beneficiary of this reopening thematic.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
Following on from his popular webinar last week, Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
This week we take a look at one of our top performing investments from the last year, a stock we wrote about on multiple occasions. This week we would like to explain our investment journey; why we backed the company then, our entry and exit prices and ultimately what changed our mind in January and February this year that caused us sell the stock.
In general, the market and investors like companies that make acquisitions. Acquisitions that add scale and capabilities and are done at attractive valuations can be very accretive to a company. There are some companies that are definitely more acquisitive than others. Whether a company makes a large or small deal, some acquisitions can be more strategically beneficial and transformational than others. With this in mind, we discuss three companies we own that made very strategic deals last week. Some of the best opportunities on the ASX in recent times have been microcaps. Companies where the business models are scalable, management have a track record of execution, and, more importantly, companies that are well funded. Altium and EML, as best-case examples, were sub-$50m microcaps just 7-8 years ago and are multibillion dollar businesses today.
This week we thought it would be valuable to highlight Ron Shamgar's recent monthly report. Ron has delivered a stellar return for our investors over the last couple of years, managing the portfolio through the covid crisis with aplomb.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios. This is an excerpt from the January 2021 TAMIM Fund: Australia All Cap monthly report, you can access the full report here.
This week we look at the automotive market and the current buoyant conditions we are seeing due to a combination of cashed up consumers, increased use of private transport due to Covid and domestic holidaying resulting from border closures. We have also seen national new vehicle sales up 11% in January, sustaining double digit growth since November 2020.
This week we take a look at three stocks that are both defensive in nature but still in their high growth emerging phase of their business evolution. All stocks are high conviction holdings in the TAMIM Fund: Australia All Cap portfolio.
Coming to the end of 2020, Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios. After a strong 2019, this year had been shaping up to be another good year until the pandemic hit Australian shores. The companies below are amongst the holdings that have helped the portfolio deliver a strong year despite the challenges in the stock market.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
Last month we launched a unique TAMIM special purpose vehicle (SPV). This Fund has invested in what we saw as a special opportunity to invest in a company that had reached a seminal moment in its history. A milestone that would be the catalyst for crystallising significant shareholder value. Our thesis was bang on (if a little early) and we now expect further upside. Read on to find out why.
This week we look at one of the most overlooked but stellar results of the 2020 reporting season. This company has grown earnings at a compound rate of 44% p.a. for the last four years and requires little capital to grow. The business is benefitting from structural tailwinds and, we believe, is on track to potentially hit the $100M net profit milestone in 2021 yet is only being valued at $550M or a PE of 6x by the market.
This week we take a look at two retailers that have provided robust results for FY20 and are seeing continued strong momentum into the new financial year as the structural shift to e-commerce accelerates. We believe there is more share price upside as valuations catch-up to fundamentals.
Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
This week we take a look at the red hot BNPL sector and lay out the investment thesis for our preferred pick. Sezzle (SZL.ASX). The stock is up over 200% since we first invested in it, but we still see a bright future for the company and the sector in general. Read on below!
This week we take a look at some of our current (and former) portfolio holdings and the impact recent developments both here and overseas have had on their prospects going forward, we see potential as future opportunities for investors.
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.
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