Livewire has acquired Market Index, the country’s leader in free stock market data.
Find out why.

Smartgroup a strong performer

Andrew Mitchell

Ophir Asset Management

Smartgroup (SIQ) provides salary packaging and novated leasing services to employees of government departments, charities and Australian companies. Ophir is attracted to SIQ because of its strong track record of organic growth and the stickiness of its contracts. The salary packaging industry has traditionally grown by organisations outsourcing their salary packaging to 3rd party providers: the two largest in Australia being McMillan Shakespeare (ASX: MMS) and SIQ. SIQ has further grown by encouraging greater participation of employees covered by the contracts they have won to salary package. Ophir believes SIQ can maintain 20% EPS growth per annum over the next three years by increasing sales of ancillary products for novated cars and strategic bolt on acquisitions as well as traditional organic growth

Andrew Mitchell
Director and Portfolio Manager
Ophir Asset Management

Andrew has over 15 years’ experience in portfolio management of listed companies, stockbroking and economic analysis. Prior to co-founding Ophir, Andrew worked from 2007 to 2011 as a portfolio manager at Paradice Investment Management.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.