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Category : News

Why aren’t Microequities funds growing at the EPS growth rate?

We are sometimes asked why there is a difference between our forecasted earnings growth and our portfolio returns. It is logical to expect that if earnings are growing, then the portfolio returns will be growing too. However, the correlation between earnings and market returns isContinue.

Investsmart Full Interview – Carlos Gil & Mitchell Sneddon – Microequities Funds are undervalued

Listen to the latest investsmart interview with Carlos Gil (Microequities CEO/CIO) and Mitchell Sneddon (Investsmart Head of portfolio services). Carlos discusses topics such as Value investing and the undervalued Microequities funds. Carlos also shares an example of a business that Microequities has invested in theContinue.

June 2019 Fund Update – Price vs Value dichotomy in the Microcap and small cap equity markets

The Australian microcap and small cap equity markets have bifurcated, or to use biblical parlance the seas have split into two realms with very different market valuations. At one realm you have very fast-growing companies some of which are profitable, and others yet to makeContinue.

Debt has a price, and it’s not just interest

Debt could easily be seen as “steroids” for businesses. Administered correctly, it’s possible to have a star performer achieve the unthinkable for decades, becoming a goliath of their field. Yet, many stars after seeing short term results, double down on their new “Holy Grail” onlyContinue.

4 Reasons not to invest with Microequities

Over the years as a relationship manager, I have the unique vantage point of having heard almost every reason under the sun as to why people decide to either invest or not to invest in products ranging from Term Deposits to Managed Funds. Below I’veContinue.

Bitcoin, pricing dislocation and value investing

Price and value. Many investors think these two concepts are substitutable, but they are not. Each of these terms refer to two very different qualities. As value investors, Microequities believes that there can be large divergences between the two. These divergences, we call “pricing dislocations”.Continue.

Microcaps offer phenomenal potential for long-term investors, but you need to do your research

REPOST FROM “STOCKHEAD” What is the attraction of microcaps compared to blue chips? It is not always easy to find deep-value opportunities in the top end because there are a lot of companies that are significantly over-priced. You have to be more discerning than everContinue.

“Talking finance”- interview repost from the constant investor

Interview Transcript from podcast “Talking Finance” by James Brandis  Carlos Gil is the Chief Executive officer and Chief Investment officer at Microequities Asset Management. He believes that being a very good investor is about discipline and being emotionally removed when the market creates havoc and pushesContinue.

Microequities boss Carlos Gil buys businesses not shares: repost from afr

Written by Vesna Poljak /Photo by Brook Mitchell Carlos Gil knows that when a chief executive gets up at an annual meeting and says the macroeconomic environment was a problem for their company, that is a classic red flag for investors. The Microequities Asset Management founderContinue.

High income yield and growth via microcap companies

Think of high yield or high income, and small caps and microcaps are probably not going to be the type of companies that would immediately come to mind. There is a good reason for that: almost every equity income fund in Australia is made ofContinue.