Small caps fund manager Simon Brown explains why investors should be buying the WA gold miner, and why he’s standing by Kelsian after a tough earnings season.
Already a subscriber?Simon Brown is co-portfolio manager of Tribeca’s Smaller Companies Strategy in Sydney. The firm oversees around $3.3 billion in assets.Land and marine transport operatorseason on the back of a material bottom-line earnings miss versus market expectations, while reported cashflow was low and debt higher. The dreaded trifecta!
The stock is cheap on traditional miner metrics. It has a price to net present value of 0.75 times and, with the recentWhat is your take on small-cap investing in the current economic environment? Eureka services the growing ageing population who are under-funded for retirement and highly reliant on the government pension assistance that underpins their revenue.This is an important segment, with 57 per cent of Australia’s 4.7 million 65-plus year olds relying on the pension as their primary source of income.
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