Money and Finance
- What You Like A Ceo Of A Portfolio Company To Say (and Hope He's Right)...
From the Zicom Group (ASX: ZGL) Chairman's Address to Shareholders:I am pleased to announce that your Board will henceforth focus on enhancing shareholders’ value. At the end of the financial year just ended, the net asset value per share of...
- Matthew Miller: In-depth Idea Presentation
Thanks to John and Oliver for opening this up to the public, and for hosting another great conference. My partner at Boyles Asset Management, Matt Miller, gave his presentation on Zicom Group (ASX: ZGL). Link to video and presentation: Matthew Miller:...
- Chanticleer Q3 2012 Letter
Below are a couple of sections (slightly edited for public viewing) from a letter just sent to the investors of the fund I help manage. Disclosure: I am a portfolio manager at Chanticleer Advisors ("CA") and Chanticleer Investment...
- Lemarne Update
Back in March, I posted a brief write-up on Lemarne, a company with a capital allocation philosophy familiar to value investors. For those still interested, they just released their results for the fiscal year-ended June 30th. The results were about as...
- Butler National Corp.
My colleague, Matt Miller, did a write-up on one of our newer positions for Value Investors Club. The company is Butler National (BUKS) and the write-up is now available for public viewing. Link to: Matt’s write-up on Butler National..........Disclosure:...
Money and Finance
Kelpie Capital write-up on Zicom Group
Great overview of a stock that is currently one of our favorite ideas at Chanticleer. The stock closed today at $0.17 AUD, which is about 70% of tangible book value. We think the management team is very familiar with value investing and Warren Buffett as well. Click on the paragraph below for Kelpie Capital's full write-up.
In my opinion, Zicom Group at around $0.20 offers investors a low risk and deeply undervalued exposure to a number of “GDP plus” growing end markets with a conservative and proven founding family operating the business. Whilst we wait for the market to re-evaluate the prospects of this business and it to trade at a premium to book value, like it deserves, we get paid a 5% plus dividend yield and allow management to opportunistically buy back shares to increase our ownership. The stock currently trades at a 20% plus discount to Net Tangible Assets.
Disclosure: I am a portfolio manager at Chanticleer Advisors and Chanticleer Investment Partners and the fund and separate accounts Chanticleer manages own shares in Zicom Group. We may in the future buy or sell shares and are under no obligation to update our activities. This is not a recommendation to buy or sell a security. Please do your own research before making an investment decision.
- What You Like A Ceo Of A Portfolio Company To Say (and Hope He's Right)...
From the Zicom Group (ASX: ZGL) Chairman's Address to Shareholders:I am pleased to announce that your Board will henceforth focus on enhancing shareholders’ value. At the end of the financial year just ended, the net asset value per share of...
- Matthew Miller: In-depth Idea Presentation
Thanks to John and Oliver for opening this up to the public, and for hosting another great conference. My partner at Boyles Asset Management, Matt Miller, gave his presentation on Zicom Group (ASX: ZGL). Link to video and presentation: Matthew Miller:...
- Chanticleer Q3 2012 Letter
Below are a couple of sections (slightly edited for public viewing) from a letter just sent to the investors of the fund I help manage. Disclosure: I am a portfolio manager at Chanticleer Advisors ("CA") and Chanticleer Investment...
- Lemarne Update
Back in March, I posted a brief write-up on Lemarne, a company with a capital allocation philosophy familiar to value investors. For those still interested, they just released their results for the fiscal year-ended June 30th. The results were about as...
- Butler National Corp.
My colleague, Matt Miller, did a write-up on one of our newer positions for Value Investors Club. The company is Butler National (BUKS) and the write-up is now available for public viewing. Link to: Matt’s write-up on Butler National..........Disclosure:...