The TAMIM Australian Equity All Cap Value IMA is significantly overweight tech stocks compared to the ASX as a whole. This week Guy Carson, manager of the strategy, takes a look at finding value and quality in the software space without having to go to Silicon Valley.
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The TAMIM Australian Equity All Cap Value IMA is focused on finding investments in quality companies at a suitable margin of safety. Occasionally we are surprised to find that these investments will also offer a strong dividend yield.
Reporting Season is well and truly underway in Australia. With this in mind we asked our Australian managers to provide a preview for the coming weeks. Here the managers of the TAMIM Australian Equity Small Cap IMA reveal what they expect to see.
Reporting Season is well and truly underway in Australia. With this in mind we asked our Australian managers to provide a preview for the coming weeks. Here Guy Carson , manager of the TAMIM Australian Equity All Cap Value, reveals what he expects to see.
As we introduce the exciting new strategy on the TAMIM investment platform, the TAMIM Australian Equity All Cap Value IMA, we thought it would be a good idea to give you, our valued readers, a idea of the way portfolio manager Guy Carson thinks. The underlying fund introduced four new positions during the month of December. One that we are really excited about is Data #3.
After a strong run, SDI has recently been sold off following the company's recent profit guidance. We view the issues impacting SDI's profit to be short term in nature and view the long term investment thesis intact.
Darren Katz, TAMIM Asset Management's Managing Director and Head of Investments, reviews a number of the Stock Picks we have presented over the course of the year to assess how they have fared through the recent reporting season. We review our original investment rationales and try to learn from the mistakes we have made through our investment journey.
Joyce has a strong track record of partnering with business the company acts as a business partner, providing capital and management expertise to good profitable businesses that currently lack the capital and management to reach the next level. The key in this business partnership is to ensure that the risks and rewards are appropriately shared and incentives are aligned.
The Australian smaller companies universe is home to a number of companies which are building global leadership positions in their respective niche markets, and yet somewhat surprisingly remain largely unrecognised in the local investment community. Identifying these types of businesses is both the passion of and the bread and butter of the manager of the TAMIM Australian Equity Small Cap IMA.
This week James Williamson of the highly successful TAMIM Australian Equity Value Portfolio discusses one of his top stock picks, Royal Wolf Holdings Limited. RWH is the market leader in the sale and leasing of portable storage containers, portable building containers and freight containers to customers across 19 industries in Australia and New Zealand.
This is a great example of a typical investment for the TAMIM Australian Equity Value portfolio, a situation where a former market darling goes through a number of profit warnings and is aggressively sold down by market participants. These situations quite often culminate in a company that is under followed and unloved. Management effect a turn around and this is not realised by the market. These are the type of investments we enjoy in the TAMIM Australian Equity Value portfolio.
This week the portfolio finds itself exiting a long time holding Broadspectrum Limited. The company has seen its share price jump 32.1% to $1.48 over the last week, after the diversified services and contracting company decided to accept the takeover bid from Ferrovial. The company’s board had rejected the Spanish infrastructure and services giant’s advances previously, but have now unanimously recommended shareholders accept the $1.50 cash per share bid.
As we have said before, it is highly unlikely you will find our investments in well-presented good news stories with a strong investor following that always seems to find a way to explain lofty valuation multiples. We are in the business of looking for mispriced assets in the share market that will make us money.
The Wellcom story starts with industry doyen and patriarch Wayne Sidwell. One of the Wellcom non-executive directors remarked Wayne Sidwell is Wayne Sidwell, nothing more need be said”. When James first met with Wayne, he immediately recognised the business had a very astute, experienced and engaged leader. Subsequent due diligence, including feedback from competitors, confirmed Wayne’s reputation as a fierce competitor but at the same time an honest and honourable man.
James Williamson of Wentworth Williamson and manager of the TAMIM Australian Equity Value IMA looks at Collins Food and how it is possible to beat private equity at it's own game.
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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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