How are the facts?

Perhaps read the below in conjunction with reading: Top Ten Small Caps. This is an exert from the AlphaWealth Prime Small & Mid Cap monthly investor letter for August 2019: Adcock Ingram Holdings (AIP): FY 19 Results & Bidvest-control Optionality … Continue reading

Clientele: Below Embedded Value

Irrespective of financial status or position in society, everyone has a demand for reducing risk in their own and their dependents’ lives. A key mechanism for this is life insurance, but the economics of the traditional life insurance business model … Continue reading

AdaptIT: Global Quality, Cheap Valuation

AdaptIT Holdings (ADI) is a small but reasonably diversified niche software company. The Group doesn’t take venture capital risk on software and only acquires commercially-proven software businesses with existing client-bases, but focusses on niche, defendable products in diversified industries. While … Continue reading

South African Green Shoots

Following my conclusion that the South African small cap market is amongst the cheapest of all equity markets in the world, South Africa revealed a negative -2.2% GDP print for Q1:18. Awkward. Almost immediately, this data point seems to contradict–or, … Continue reading