Investment Philosopy

The economic performance delivered by a company is the main driver of its stock market performance. Our objective is to analyse this economic performance and determine an appropriate valuation that factors in a significant margin of safety.

Our approach is based on an in-depth knowledge of the companies we cover.
Our investment decisions derive from in-house proprietary financial analysis and valuation models.

Each investment case is reviewed according to a four step approach:
  • Strategic diagnosis: strengths and weaknesses of the company
  • Accounting validation: thorough review of published accounts
  • Financial analysis: growth and profitability profile
  • Valuation: assessment of intrinsic value with reference to the market price

The portfolio is built on strong convictions within a stringent risk management framework.