Perpetual Equity Investment Company

The Perpetual Equity Investment Company Limited (ASX: PIC) recently announced a capital raising via a three-stage offer to new and existing investors. In our latest investor update, Company Chairman Nancy Fox and Portfolio Manager Vince Pezzullo provide current and prospective shareholders with an overview of the FY18 results, their views... Show More

Perpetual Equity Investment Company

The Perpetual Equity Investment Company Limited (ASX: PIC) is a listed investment company that provides a simple and transparent way to invest in a diversified portfolio of high quality Australian and global listed securities. PIC first listed on the ASX in December 2014 and has an established track record of... Show More

Perpetual Equity Investment Company

Perpetual’s Global Equities team are “true to label” value stock pickers. They use a tried-and-tested methodology, developed at Perpetual over 50 years, to uncover companies with the greatest long-term potential. Garry Laurence, Portfolio Manager, says “As an active, value manager, with a bottom-up investment process, we do not attempt to... Show More

Perpetual Equity Investment Company

In the Perpetual Pure Microcap Fund monthly investor update, we profile Enero Group, which is a global media services and advertising company. They operate 10 businesses and their key brands include Hotwire, Frank PR, Naked and BMF. Management are conservatively building scale across 3 key areas; Strategy and Research, Creative... Show More

Hi Patrick. The beauty about a typical disruptor company is the fact that being profitable is not a short term goal. They are typically driven by taking market share and then worrying about profitability later. Part of Perpetual’s rigorous process involves only investing in profitable companies. This results in us investing in more established and less speculative companies. Therefore, investing in the disruptor can be difficult. I believe it is important to analyse the potential materiality on earnings of disrupted companies before the rest of the market truly understands it. That way you can sell existing positions in your portfolio or generate alpha shorting stocks which could potentially be disrupted before this trend becomes obvious to the broader market.

On The Uber effect -