A small company with a big growth runway

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The most important ingredient of a great investment is having an outstanding ‘horse and jockey’; a business that’s operating in an attractive industry, and a highly capable management team. Kate Howitt, Portfolio Manager at Fidelity International, explains the attributes they look for, and why Wisetech Global ticks all the boxes.

Key points:

  • The first step to analysing a business is to understand the returns of the company. What rates can the company reinvest at, and how much are they able to reinvest?
  • An ideal business can invest at high rates of return, and can self-fund that growth from their prior returns
  • Most importantly, the company must have a great ‘horse and jockey’; a business that’s operating in an attractive industry, and a highly capable management team
  • Wisetech Global (ASX:WTC) is a great example of these attributes

For further insights from the Australian Equities team at Fidelity International, please click here


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Ron Patrick

Very articulate. Knows her stuff. I'd be happy to hear more from Kate.

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