The Stellenbosch Mafia are a group of wealthy billionaires based in the Cape Winelands, all of whom are involved in an intricate network and control some of the largest companies in South Africa – Markus Jooste is the villain of the story…
Yearly Archives: 2020
Mini Essay: The Mississippi Bubble
In 1717, the Mississippi Company had big plans to colonize the area around modern day New Orleans. John Law – the director – was also the governor of the French central bank and worked closely with King Louis XV. To finance their colonization, the company issued shares on the Paris stock exchange, spreading the narrativeContinueContinue reading “Mini Essay: The Mississippi Bubble”
PBT Group: An undervalued spinoff with strong industry tailwinds.
The PBT Group, previously Prescient, was an amalgamated financial services and business technology service provider. In 2017 they spun out their financial services holding to focus exclusively on business technology and data analytics…
Sygnia Limited: A scalable disruptor in a growing industry.
SYG is a passive-strategy asset management firm based out of Cape Town, South Africa. They are run by an intelligent and divisive owner-operator in Magda Wierzycka. As market leaders in the passive investment …
Santova Limited: Tech-enabled, steady growth and a low-price tag.
SNV is a resilient, well-run business, which is well positioned to capitalise on broader market adoption of newer technologies. Its offerings confer cost-savings benefits to clients that occasionally exceed the cost of purchase…
On diversification for the value investor.
The point of this article is to argue – in simple, non-academic terms – for diversification and risk hedging within the concentrated, long-only, equities-based, “value investing” community…
A Collective of Nopes: First Edition.
This article outlines some of the rocks we turned over and passed on, as well as a brief reason on why we passed on them. Because of the legwork required to turn over a host of rocks, we try to pass on companies as quickly as possible…
On SA and free trade (another cheeky academic-esque look).
In light of the government’s recent 30-page document titled, “Reconstruction, Growth And Transformation: Building a New, Inclusive Economy” – a lengthy treatise which essentially amounts to nationalisation and mandatory use of pension funds to prop up state-owned investments – I believe the government to be progressing steadily towards a socialist state weighed down by protectionism and isolationist policies…
Alaris Holdings: A case study on intelligent international expansion.
Alaris is a Radio Frequency (RF) oriented company which designs, manufactures, and supplies defence and specialised antennas. It has historically been underfollowed and under-priced by the market and has undergone a period of acquisitional and organic growth over the past 6 years which has not been accounted for by the market…
Stadio Holdings: Strong growth prospects in an undersupplied sector.
Stadio (JSE:SDO) is an investment holding company containing a collection of private higher education institutions. It listed on the JSE 3 years ago and has since outperformed every target management has set for it…
Vineyard Holdings 