Two new additions to our portfolios
At the Future Generation Investment Forum last week, I presented two stocks that we’ve recently added to our portfolios; one for the Smaller Companies Fund, and one for the Emerging Companies Fund. First up, from the Emerging Companies Fund, was Mastermyne Group.
Mastermyne is a mining contractor that operates in the underground coal business. After a long and painful downturn, projects are beginning to show some life again in the coal industry. Mastermyne is perfectly placed to benefit from this resurgence, given its strong balance sheet and recent equity raising. Management’s incentives are well aligned with shareholders, with senior management and the board owning about 20% of the company. Given the $1b of work due to be contracted in the coal industry, Mastermyne is well placed to deliver significant growth.
In this video below, I also outline why we’ve recently added Freedom Foods to our Smaller Companies Fund portfolio.
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Ben Griffiths is the managing director and a senior portfolio manager at Eley Griffiths Group and has over 30 years of financial markets experience. He Co-founded Eley Griffiths Group in 2002 with Brian Eley following a successful career as joint head of small companies at both BT Financial Group and ING Investment Management. Ben previously worked in precious metals markets with MASE Westpac and as a stockbroker at Roach Tilley Grice & Co as well as CL_May Mellor. Ben holds a Bachelor of Commerce majoring in Accounting, Finance and Systems from the University of NSW.
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Ben Griffiths is the managing director and a senior portfolio manager at Eley Griffiths Group and has over 30 years of financial markets experience. He Co-founded Eley Griffiths Group in 2002 with Brian Eley following a successful career as joint...
Expertise
Ben Griffiths is the managing director and a senior portfolio manager at Eley Griffiths Group and has over 30 years of financial markets experience. He Co-founded Eley Griffiths Group in 2002 with Brian Eley following a successful career as joint...
Expertise
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