About & Disclaimer

Welcome to SmallCaps.co.za

SmallCaps.co.za is a public resource for news, commentary and analysis of the JSE AltX, small and mid cap sectors. Daily updates, educational resources and research on companies outside of the JSE Top 40 index can be found here. This is an opinion blog and not financial advice. The author may or may not at times hold positions in the stocks mentioned directly or through funds controlled and/or managed by him.

Download an Android app for reading this website from here.

Background to Keith McLachlan

Increasingly regarded as an expert in the small caps sector and regularly referenced in the media – both online and offline – Keith’s footprint in this field is certainly growing.

As a passionate and active investor of private funds in small caps for many years, Keith spotted a gap in the market for quality fundamental research available on small caps and founded SmallCaps.co.za in 2006. SmallCaps.co.za was received well and covered the fast-growing and dynamic small cap sector on the JSE. His contribution here opened opportunities such as landing a ‘Small Caps’ section on MoneyWeb.co.za.

Keith’s love affair with finance and investments started at the Nelson Mandela Metropolitan University where he completed his graduate and post-graduate degrees in Accounting and Economics. Keith went on to complete his articles with PricewaterhouseCoopers Inc. and qualify as a Chartered Accountant (SA).

Keith joined Standard Bank in 2010 where he contributed as a small cap equity analyst for a year. He then moved to Thebe Stockbroking team where he is contributed in the same capacity, becoming a rated South African analyst in the small cap sector.

His latest adventure has been to move across to AlphaWealth where he has built and actively manages the AlphaWealth Prime Small & Mid Cap Fund (a co-named Unit Trust with Prime).

Disclaimer – Applicable Across the Whole SmallCaps.co.za Domain

This website, its articles and opinions are not financial advice. This is an opinion-based personal blog and is not intended toconstitute any form of advice. Any references to any financial products (directlyor indirectly) are incidental and this does not constitute marketing materialfor any financial products. If in doubt, please consult your financial advisor.

Disclosures – Applicable Across the SmallCaps.co.za Domain

The author may or may not hold positions directly or indirectly (through funds owned or controlled by him) in any stocks or financial products mentioned on this blog.

Financial Numbers, Forecasts, Valuations and other Assumptions – Applicable Across the SmallCaps.co.za Domain

While every effort has been made by the Author to ensure the accuracy and integrity of the financial numbers, ratios, forecast, valuations and other quantitative and qualitative data on this website, The Author does not warrant or guaranty its accuracy. The reader relies on this data and information from this website at his/her own risk. Furthermore, in the case of forecasts and valuations, the Author wholly and completely cannot be held liable for any damage or loss caused by any individual, collection of individuals or business or any other party by said party acting or not acting based on the forecasts and valuation(s) included on this website. By their very nature, forecasts and valuations may not be accurate and, indeed, may be wholly and completely wrong.

General Opinion, Not Specific Advice – Applicable Across the SmallCaps.co.za Domain

This website is prepared on a per share basis. The Author is, therefore, giving an opinion (and not financial advice) on a per share basis, which may or may not be applicable to the reader (or any person, entity or related person or entity). The Author lacks complete knowledge of any reader’s (or any person, entity or related person or entity) portfolios and/or individual circumstances and, therefore, any of the Author’s opinion(s) or implied opinion(s) are general in nature and not a specific recommendation or advice, nor can they be construed to be specific in nature. Hence, in no way is this advice financial advice.

Legal Entities – Applicable Across the SmallCaps.co.za Domain

To South African Residents: The Author and this website is not an Authorised Financial Services Provider. This is a private blog and should be read and understood in that context. This website and its articles and opinions are not financial advice, investment advice or any such similar material. The Author and/or its employees and/or officers have no knowledge of any reader’s or readers’ financial position(s) and, hence, this cannot in any way be construed as direct or indirect advice leading any person or persons to act thereon. Any decision made or not made which can in any way be linked to this website is solely the responsibility of the party or parties making such a decision. I.e. The Author cannot be held liable for any result based on any decision that can be directly or indirectly linked to this website.

Applicable to any reference to the AlphaWealth Prime Small & Mid Cap Fund (or AWSM Fund or any other reference to said fund): note that Prime Collective Investment Schemes Management Company (RF) (Pty) Ltd is the Manager of the co-named portfolio.

General – Applicable Across the SmallCaps.co.za Domain

For the purposes of this website the Author refers to all employees of the Author. This website is based on information from sources that the Author believes to be reliable. Whilst every care has been taken in preparing this website and its articles, no research analyst or employee or the Author gives any representation, warranty or undertaking and accepts no responsibility or liability as to the accuracy or completeness of the information set out on this website (except with respect to any disclosures relative to members of the Author and the research analyst/s involvement with any issuer referred to above. All views, opinions and estimates contained on this website may be changed after publication at any time without notice. Past performance is not indicative of future results. The investments and strategies discussed here may not be suitable for all investors or any particular class of investors; if you have any doubts you should consult your investment advisor. The investments discussed may fluctuate in price or value. Changes in rates of exchange may have an adverse effect on the value of investments. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The Author may own the investments (directly, indirect, or with funds controlled by him/her) of any of the issuers discussed herein and may sell them to or buy them from clients on a principal or agent basis. This website is for information purposes only. By reading this website, you agree to be bound by the foregoing limitations and release the Author from any potential legal or otherwise liability.

NOT FOR DISTRIBUTION OUTSIDE OF SOUTH AFRICA OR ANY TERRITORY WHERE THIS MATERIAL MAY BE CONSIDERED ILLEGAL.