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Ron Shamgar provides an update on a number of the companies held in TAMIM's Australian equities portfolios.
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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.
 Author: Ron Shamgar 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.
This week we examine the turnaround happening at The Reject Shop (TRS.ASX). We are quite confident that the business will thrive going forward in an environment where consumers become increasingly frugal and look to save money. Under a new management team and with 25% of the current valuation backed by net cash, we believe TRS is an attractive investment for uncertain times. Read more.
There’s an old saying that in a mining boom, investors should buy the companies supplying the picks and shovels. This week we present part 2 of our examination of the telco sector; we take a look at a services provider to the sector and see how it is benefiting from the surge in demand for connectivity that has been accelerated by the WFH trend.
This week we look at the telco sector and how it is benefiting from a surge in demand due to the shift to working and staying at home. We believe the demand for faster connectivity will continue for the foreseeable future regardless of how the Covid-19 situation unfolds. We currently see good value in two companies servicing the sector. Read on to find out more.
The Covid-19 epidemic will structurally change the way we shop, transact and work. Over the last few weeks, we have spent a lot of time researching and speaking to companies in order to identify the sectors and companies that will not only survive this epidemic but also prosper, grow and take market share. This week we discuss one company that is poised to benefit.
As most investors know, retail is a tough game. In the last twelve months we have seen many retailers struggle with sluggish consumer spending, bush fires impacting sales and more recently the drop off in tourism from the coronavirus, COVID-19. But, not all retailers are made the same. Despite all this doom and gloom, three retailers we own delivered strong results recently. But why are these retailers outperforming their peers? Read on to find out.
This week we discuss the ultimate outcome for any share market investment - a takeover. In the last twelve months, the TAMIM Australian All Cap and Small Cap Income portfolios received a total of six takeover offers between them. As we head into the new year, we highlight three stocks that might be acquired in 2020. Find out which ones below.
This week we take a look at our largest holding, EML Payments (EML), and the transformational acquisition they have undertaken. EML is now a substantial and profitable global fintech company that we believe is going to double in price over the next twelve months.
This week we spotlight another recent IPO which we participated in for the TAMIM All Cap IMA portfolios. Similar to Viva Leisure (VVA), which we spotlighted last month, this company checks many of the boxes for the kind of business we look for. Read on to find out more.
This week we revisit Isentia (ISD.ASX) which we first highlighted back in March this year. The stock has now gone from being a portfolio laggard to a star performer. Picking the right turnaround story can be very rewarding, and so far we feel like we are on track for one.
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