Glennon Small Companies Ltd · ASX:GC1
Glennon Small Companies — Investor Presentation (May 2023)
14 slides from Glennon Small Companies's investor presentation, May 10, 2023
Slide 1: ASX Company Announcement: Shareholder Presentation
Wednesday, 10 May 2023 Company Announcements Australian Securities Exchange For personal use only Level 4, 20 Bridge Street Sydney NSW 2000 Shareholder Presentation Please find attached a copy of the Company’s Shareholder Presentation that Michael Glennon, Chief Investment Officer, will be using on
Slide 2: Glennon Small Companies
GLENNON CAPITAL For personal use only Glennon Small Companies May 2023 GC1 Shareholder Presentation | May 2023 Z:\Glennon Capital\GC Admin\Templates\Shared Document Templates
Slide 3: Important Information
Important Information For personal use only The information provided in this presentation has been prepared by Glennon Capital Pty Ltd (AFSL 338567, ABN 84 137 219 866) (Glennon Capital). The information herein is general information purposes only and has been prepared for use in conjunction with a
Slide 4: Small caps are oversold
GLENNON CAPITAL Small caps are oversold | Offer compelling value relative to historical standards For personal use only Exhibit 1: Small Caps Globally at Compelling Valuations Exhibit 2: Low Valuation Has Generally Worked Best Past 20 Years World Small Cap P/E Ratios Average Forward 10-YR Annualised
Slide 5: First to recover
GLENNON CAPITAL First to recover For personal use only It is widely known that while small caps usually fall the hardest, their recovery is equally as spectacular. History shows small caps outperform after the trough, with the spread being the widest in the early stages of recovery. Source: BofA ETF
Slide 6: GC1 | Pay 80c for $1
GLENNON CAPITAL GC1 | Pay 80c for $1 For personal use only NTA: We believe that our NTA substantially understates intrinsic value. As such, an investment at today's levels offers significant upside for investors. Why Glennon? Unlike international peers, small caps have underperformed larger-cap peer
Slide 7: Top Holdings (Alphabetical Order)
GLENNON CAPITAL Top Holdings | (Alphabetical Order) For personal use only
Slide 8: Current Portfolio | Portfolio Snapshot at April 2023
GLENNON CAPITAL Current Portfolio | Portfolio Snapshot at 18 April 2023 For personal use only Communication Services Top Holdings % of NAV 4.1% Consumer Discretionary 16.3% Cash 41.4% Consumer Staples 0.2% Metgasco* 6.9% Energy 41.4% Lovisa Holdings 5.8% Financials Telix Pharmacetuicals 4.2% Health
Slide 9: Collins Foods
GLENNON CAPITAL Collins Foods (ASX: CKF) Collins Foods | ASX: CKF Price $8.83 Market Cap $1,036.1m For personal use only Overview: Collins Foods operates and manages quick service restaurants in Australia, Europe and Asia. The company Enterprise Value $1,209.8m operates restaurants under the KFC, Ta
Slide 10: Abacus
GLENNON CAPITAL Abacus (ASX: ABP) Abacus | ASX: ABP Price $2.68 Market Cap $2,398.9m For personal use only Overview: Abacus Property Group (ABP) is into investment in commercial (office and other) and self-storage properties, Enterprise Value $3,717m along with managing the legacy investments in pro
Slide 11: DDH1
GLENNON CAPITAL DDH1 (ASX: DDH) DDH1 | ASX: DDH Price $0.82 Market Cap $335.5m For personal use only Overview: DDH1 Limited (DDH) provides a range of specialised surface and underground drilling services to Enterprise Value $347.5m mining and exploration clients in Australia. The Group is headquarte
Slide 12: What we got right - Lovisa
GLENNON CAPITAL Lovisa (ASX: LOV) What we got right - Lovisa | ASX: LOV Price $26.13 Market Cap $2,893.8m For personal use only Overview: Lovisa is a fast fashion jewellery retailer. The company operates over 700 stores in more than 30 markets. Enterprise Value $2,853.7m The Company sources the late
Slide 13: What we got right - Smartgroup
GLENNON CAPITAL Smartgroup (ASX: SIQ) What we got right - Smartgroup | ASX: SIQ Price $7.00 Market Cap $934.5m For personal use only Overview: Smartgroup provides employee management services in the form of salary packaging, remuneration Enterprise Value $961.6m solutions, fleet management and workf
Slide 14: What we got wrong - Pacific Smiles
GLENNON CAPITAL Pacific Smiles (ASX: PSQ) What we got wrong - Pacific Smiles | ASX: PSQ Price $1.30 Market Cap $224.9m For personal use only Overview: Pacific Smiles Group Limited (PSQ) provides modern facilities and leading dental equipment, supported by Enterprise Value $229.7m trained staff that
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