Ron Shamgar

The August Reporting season was a hectic one. The majority of small caps report their results in the last 10 days of the month, which makes for a very busy period for Fund managers and investors alike. Pleasingly 19 of the 20 stocks in the TBF Small Cap Value Growth... Show More

Ron Shamgar

Pepper Group (PEP) is the leading non-bank mortgage lender in the country and a global consumer finance company with operations spanning Europe, South Korea and Hong Kong. TBF Small Cap Value Growth Fund took a position in PEP approximately 4 months ago below $2.80. Our thesis for investing in PEP... Show More

Ron Shamgar

One of our largest holdings in the TBF Small Cap Value Growth Fund is a company with a market cap of $170M that reported a profit of $27M in CY2016 and paid a dividend of $18M. The business does not have a lot of debt on the balance sheet and... Show More

Ron Shamgar

In the wonderful world of value investing, we sometimes come across businesses with incredible economics. As we dig further and read through the financial reports of these companies, we sometimes feel as if value emerges from the pages and smacks us right in the face. In this article we will... Show More

Ron Shamgar

In the search for value, we are always on the lookout for companies that are either undiscovered, overlooked or just misunderstood by the market. Over the last few months we shared with Livewire readers our investment thesis in Freedom Insurance Group (FIG) and Mcpherson's Limited (MCP). Another core holding in... Show More

Ron Shamgar

After a soft patch for small caps, we think their outlook is now favourable relative to large caps. In this wire, we highlight five red flags to watch for, and discuss a small cap we like with a forward PE multiple of 8x, and a gross yield of 11%. Show More

Ron Shamgar

Investors are constantly on the lookout for growth. Companies growing earnings at double digit rates normaly trade on high multiples - hence finding growth and value at the same time - is hard to come by. Mcpherson's Limited (MCP) is a brand owner within the health, beauty and wellness sector... Show More

Hi Michael, appreciate your comment and skepticism. Maybe you haven't followed out fund over the last 4 years, but we share our investment ideas and the thesis behind them on a monthly basis for over 4 years now. Livewire is another channel for us to share these ideas and you can choose to do whatever you like with the information presented to you. All the best to you. Cheers

On When You See Value It Smacks You Right In The Face -