InvestSMART Group Limited · ASX:INV
InvestSMART — Conference Presentation (November 2020)
17 slides from InvestSMART's conference presentation, November 2020
Slide 1: Investing in a bubbly market
Nathan Bell • Portfolio Manager November 2020 Investing in a bubbly market
Slide 2: Important Information
Important Information This publication is general information only, which means it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether a particular recommendation is appropriate for your needs before acting on it, seeking advice
Slide 3: Proven Intelligent Investor Approach
PROVEN INTELLIGENT INVESTOR APPROACH High quality businesses • High insider-ownership – FDV; PNI; SEK; RUL; REH; TGP; LOV; ALU; EML; CL1; FLT; TPG • Long growth runways – FDV; PNI; SEK; RUL; REH; TGP; • A large discount to intrinsic value – TAH; SGR; CWN; SYD; AIA a Special situations • New CEO – Ta
Slide 4: "There is always something to buy."
“There is always something to buy.” – Chris Cuffe
Slide 5: ARB Corporation: Annualised return = 18.7%
ARB CORPORATION Annualised return = 18.7% $25 $20 $15 $10 $5 $0 2006 2008 2010 2012 2014 2016 2018
Slide 6: CSL: Annualised return = 18.5%
CSL Annualised return = 18.5% $250 $200 $150 $100 $50 $0 2006 2008 2010 2012 2014 2016 2018
Slide 7: Home Depot: Annualised return = 14.4%
HOME DEPOT Annualised return = 14.4% $250 $200 $150 $100 $50 $0 2006 2008 2010 2012 2014 2016 2018
Slide 8: Etsy: New CEO
NEW CEO Etsy INVESTSMART
Slide 9: Etsy names new CEO as earnings plummet
ETSY REUTERS MARKET NEWS E-commerce site Etsy names new CEO as earnings plummet 1 MIN READ May 2 (Reuters) - Etsy Inc, an e-commerce site for handmade goods, said on Tuesday that Chairman and Chief ‘cutive Chad Dickerson would step down, to be succeeded as CEO by board member Josh Silverman later th
Slide 10: Etsy: New CEO
NEW CEO ETSY $60 $50 $40 $30 $20 $10 $0
Slide 11: Best corporate governance: Skin in the game!
Best corporate governance: Skin in the game! Founder-led companies vs S&P 500 True even with tech companies excluded Founder-led companies outperform the rest Founder’s Index vs other S&P 500 Based on an analysis of S&P 500 firms in 2014
Slide 12: "Software is eating the world."
“Software is eating the world.” – Marc Andreessen
Slide 13: Frontier Digital Ventures (ASX:FDV)
Frontier Digital Ventures (ASX:FDV) • Stakes in 12 online classifieds businesses • Zameen by far the largest • Insider ownership 49% • Internet giant Naspers (via OLX) likely acquirer • Deal already done for South American businesses • Battle for market share over; time to pull the price levers; • B
Slide 14: Audinate (ASX:AD8)
Audinate (ASX:AD8) • Market size $1bn • Current sales $40m • 8x the volume of next largest competitor • 8% insider ownership • Brokerage coverage increasing
Slide 15: RPM Global Mining (ASX:RUL)
RPM Global Mining (ASX:RUL) • Mining software • Trades at just 3x revenue (Xero trades at ~20x) • Switching to SaaS model • Insider ownership 15% • CEO Richard Mathews has done this before • Lets results do the talking
Slide 16: It's easy (ASX:IIGF, INIF, INES)
It’s easy (ASX:IIGF, INIF, INES) • Buy and sell at net asset value (NAV) just like a regular stock • Ready-made portfolio • Same Intelligent Investor long-term approach • Focus on high quality businesses • Long-term holdings help minimize tax • Semi-annual distributions • Regular reporting and candi
Slide 17: Please get in touch if you have any questions.
Please get in touch if you have any questions. Phone 1300 880 160 Email info@intelligentinvestor.com.au Nathan Bell • Portfolio Manager www.intelligentinvestor.com.au
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