Following a very strong FY14 result which exceeded prospectus forecasts across all key financial metrics, we added Veda Group (VED) to the Fund when Pacific...
Following a very strong FY14 result which exceeded prospectus forecasts across all key financial metrics, we added Veda Group (VED) to the Fund when Pacific Equity Partners sold down part of its stake. VED is the market leading provider of credit information in Australia and New Zealand. Clients use VED's data intelligence to make decisions on credit risk, verify identity and check employee backgrounds, reduce identity theft and fraud and undertake digital marketing strategies. We view VED as a high quality business given its strong market position, high barriers to entry and track record of 22 years of consecutive revenue growth. We expect the company to generate double digit EPS growth over the medium term, underpinned by new products entering incremental sectors and the introduction of Comprehensive Credit reporting which will permit a credit bureau such as VED to collect important new data which can be monetised.
OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...
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OC Funds Management (OC) is a boutique small cap specialist which was founded by its investment staff and non-executive directors. OC commenced operated in December 2000 with the launch of two long only small cap Australian equity funds, the OC...
Expertise
No areas of expertise