We are struggling to find value in the Australian market
We are struggling to find value in the Australian market. Local stock valuations are stretched and overcrowding is likely to continue. Watch Uday Cheruvu talk about why it is hard to find value locally, why there is limited opportunities onshore and the concentrated nature of the Australian market. He closes discussing some of the international opportunities we are investing in. (VIEW LINK)
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At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners Limited stable of alternative asset managers and specialise in Global & Australian equities and Global Fixed Interest strategies. We believe the very best way to minimise investment risk is through understanding valuation, as such, we avoid companies who are hard to understand or difficult to value and are well known for our discipline in resisting short term market noise and ability to hold investments through full industry cycles.
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