Pie Funds

EROAD is a transport technology and services company which provides electronic on-board units and software-as-a-service to the heavy and light vehicle transport sectors in New Zealand, Australia and the US. We hold EROAD in the Growth and Emerging funds and it has delivered strong returns for both funds. Since we... Show More

Pie Funds

We look for companies with the potential for strong earnings growth, operating in an industry which is itself growing, a clean balance sheet, and management who are founders or have considerable skin in the game. We then like to buy those companies at attractive prices. The Growth and Dividend funds... Show More

Pie Funds

If you’ve ever walked away from a property auction shaking your head in disbelief, you will know that emotions can get the better of investors. As rational as we may be, greed and fear are a powerful force that can hijack even the best-laid plans - “I won’t pay more... Show More

Pie Funds

Gentrack Limited (GTK:NZX / GTK:ASX) had forecasted guidance of 20% revenue growth for the full financial year and EBITDA relatively flat at NZ$15m. However, on 4 November 2016, GTK again beat expectations, upgrading its previous guidance for the full year. The company stated that revenue would be up 25% to... Show More

Pie Funds

Easton Investments Limited (ASX.EAS) is a fast-growing distribution business in the accounting and financial services business channel with a bright future. EAS grew normalised EBITDA by 28% to $3.3 million for FY16, and we believe that this growth rate is poised to accelerate in FY17 through a combination of organic... Show More

Pie Funds

Kip McGrath Education Centres (ASX:KME) sells franchises and provides services to more than 550 franchises globally in the afterschool tuition sector. On the face of it, Kip McGrath’s 2016 financial year result was underwhelming. Revenue was down 2.2 per cent, to $14.6 million, and earnings before interest, tax, depreciation and... Show More

Pie Funds

We were delighted that one of our relatively recent additions to the portfolio, RXP Services (RXP.ASX), delivered a very strong result this week, beating guidance on all measures. Yet it was the outlook and business momentum heading into FY17 that really impressed. Show More

Pie Funds

As the third largest chicken egg producer in Australia by market share, Farm Pride is exposed to the increasing demand for protein thematic. While we are egg-static about FRM’s recent share price performance, this story could be far from hard boiled. Show More

Pie Funds

The Pie Australian Dividend Fund and The Pie Growth 2 Fund recently took a position in Gentrack Group (GTK). GTK develops, implements and supports enterprise billing software solutions for utilities and airports in New Zealand, Australia, and the UK. It had a troubled start to life as a listed company,... Show More

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