The former Blackrock hedge fund manager’s recent trip to Paladin’s flagship Namibia mine has made him more bullish on the controversial energy source.
Paradice Investment Management’s Sam Theodore is visibly excited when he talks about his first trip to Africa a few months ago.It was here that he got to know the management team over several days, sitting next to them on long bus trips to understand the business better.
NexGen, a Canadian uranium hopeful that has a secondary listing on the ASX, is awaiting final environmental approvals and is poised to be a top-quality, low-cost producer, according to Theodore.The Paradice fund manager is more bearish about the broader economic environment. He is underweight the consumer sectors given disposable income still looks “relatively challenged” despite economic conditions appearing “incrementally better”.
Instead, he says, the low-cost gym operations have increased earnings and revenue “strongly” in the past two years, thanks to consistent member growth.He says the business is expected to increase earnings at a compound annual growth rate of 30 per cent over the next three years, and is currently trading at a price-to-earnings ratio of less than 10.
Investing in the smaller end of the sharemarket means Theodore is no stranger to grappling with volatility or when company founders sell down their stakes – the “red flags” to look for when investing in the space.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PLS ASX: The lithium rout can’t seem to stop the ASX’s most shorted stockWhile there are many things to be wary of in mining, one is domestic champions going offshore. Can Pilbara Minerals become a two-trick pony?
Read more »
ASX 200 LIVE: ASX to rise; Magellan acquires Vinva stake, Cochlear, Origin missJobless rate hits highest since Nov 2021, but AUD jumps on job adds beat. Telstra ups dividend 5.9pc. Cochlear dividend jumps 24pc. US inflation eases. Follow here.
Read more »
PLS ASX: Short sellers ramp up bets against ASX miners as lithium, iron ore tumbleResources stocks account for almost 80 per cent of the ASX’s top 20 shorts, with traders targeting everything from uranium and lithium producers to iron ore and copper.
Read more »
ASX 200 LIVE: ASX dips; gold stocks rally; a2 Milk plunges 18pcSubdued trading at noon; Westpac posts $1.8 billion in unaudited net profit; Lendlease swings to $1.5 billion loss; a2 Milk says market conditions in China remain challenging; Ampol slashes interim dividend. Follow here for more.
Read more »
ASX 200 LIVE: ASX to rise, S&P 500 rises for eighth session in a rowAustralian shares are set to open higher. US shares rose for an eighth session amid expectations the Fed is poised to pivot to rate cuts. Follow updates here.
Read more »
ASX 200 LIVE: ASX to rise; Medibank lifts dividends 13.7pc, BoQ flags 400 job lossesASX futures add 0.35pc. US stocks rise on rate cut expectations. Insignia pauses dividend. Qube lifts profits 32pc. Reject Shop, Beacon Lighting warn on costs. Citi says buy IAG. Follow here.
Read more »