Investment philosophy and process

We are long term, fundamental investors, who believe that earnings growth and cash flow growth are the major drivers of a company’s share price over time. Investing in long term structural earnings outperformers at a reasonable price.  

We prefer to invest in well managed, cash generative and high margin businesses, with relative predictability of earnings and strong balance sheets.

Our process to achieve the above philosophy includes:

• Stock screening – quantitative screens and qualitative analysis.
• Fundamental analysis – valuation models, interrogation of key criteria and assumptions, risk analysis and setting of required returns.
• Recommended monitoring list – agreement on valuation, investment decision, stock included in recommended list and ongoing monitoring and review.
• Construction and implementation – valuation driven, focused high conviction positions in line with asset allocation process.