In this episode of Stocks Neat, Steve Johnson and Alex Shevelev discuss the challenges and opportunities in investing in small, less liquid stocks during a deteriorating economic environment. They explain that waiting for conditions to improve before investing can be a mistake, as significant price movements can occur with little liquidity once positive news emerges. Steve highlights the importance of establishing positions early, especially in businesses that have the potential to multiply in value if they navigate the tough economic period successfully, sharing optimism about these long-term investments and the ability to scale up positions as confidence grows. Listen to the full episode here: http://bit.ly/3Z0ctsM Steve Johnson, Alex Shevelev
Forager Funds Management
Investment Management
Sydney CBD, New South Wales 1,323 followers
Seizing Opportunity in Unlikely Places
About us
Forager Funds is a unique Australian funds management company with a long-term track record in both our Australian Shares Fund and International Shares Fund. As the Forager name suggests, our style of investing involves scouring the world looking for undiscovered opportunities. We like buying smaller, lesser-known businesses that may provide opportunities for higher returns. This type of business combines well with more liquid mid-to-large companies, resulting in robust portfolios. Disclaimer: The information given by Forager Funds Management is general information only and is not intended to be advice. You should therefore consider whether the information is appropriate to your needs before acting on it, seeking advice from a financial adviser or stockbroker as necessary. Comments and opinions posted by users are the responsibility of the individual who posted them. Forager Funds Management Pty Ltd operates under AFSL No: 459312. The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL No: 235 150) is the Responsible Entity and the issuer of the Forager Australian Shares Fund (ARSN 139 641 491) and the Forager International Shares Fund (ARSN No: 161 843 778). You may obtain a product disclosure statement at foragerfunds.com. The International Shares Fund Target Market Determination (TMD) can be found at https://documents.feprecisionplus.com/tmd/pct/tmd/jcse-fht0032au.pdf. The TMD for the Australian Shares Fund is available on request from the Forager Funds website. Information has been obtained from sources believed to be reliable, but we do not represent it as accurate or complete, and it should not be relied upon as such. Past performance is not an indicator of future performance. The Trust Company (RE Services) and Forager Funds Management do not guarantee investment performance or distributions, and the value of your investment may rise or fall.
- Website
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http://www.foragerfunds.com
External link for Forager Funds Management
- Industry
- Investment Management
- Company size
- 2-10 employees
- Headquarters
- Sydney CBD, New South Wales
- Type
- Privately Held
- Founded
- 2009
- Specialties
- Value Investing, Personal Finance, Investment Management, Investing, SMSF, Global Equities, and Australian Equities
Locations
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Primary
10 Carrington Street
Level 11
Sydney CBD, New South Wales 2000, AU
Employees at Forager Funds Management
Updates
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In this episode of Stocks Neat, Alex Shevelev and Steve Johnson discuss the volatility in the Australian small-cap market, driven by factors like interest rate changes and political events. They highlight how reactions can be extreme, particularly with recent speculation around Trump's potential election victory, which led to significant market shifts, such as a sharp decline in Nextracker’s share price. Despite these moves, they suggest that the actual impact on company fundamentals may be modest, cautioning against overreacting to these broader macroeconomic and political developments. Listen to the full episode here: http://bit.ly/3Z0ctsM Steve Johnson, Alex Shevelev
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The International Shares Fund delivered strong performance of 7.8% in July, outpacing the broader global market index, MSCI ACWI IMI, which was up 4.4%. The month saw a significant shift in market leadership, with smaller and mid-cap names outperforming the mega-cap stocks, particularly in the US. Despite recent market volatility, several of the fund's core holdings, including #CleanHarbors, #Fiserv, #Zebra and #Zeta, reported solid earnings and upgraded their full-year guidance, highlighting the resilience of the portfolio. The team continues to maintain a well-diversified exposure across sectors and geographies, positioning the fund to navigate the evolving market environment. Read the full report to find out more: Gareth Brown, Harvey Migotti, Isabella Foley, Chloe Stokes, CFA
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The Australian Shares Fund started the new financial year on a positive note, with the portfolio delivering a solid return compared to the broader market index. Key highlights included a temporary share price decline in #RPMGlobal after the company fell short of earnings guidance, but the stock subsequently bounced back as the company's fundamentals remain intact. Meanwhile, #MotorcycleHolding had a share price rise of 25% as a forced seller was cleared in late June. The overall portfolio remained well-diversified, reflecting the team's disciplined approach to identifying undervalued opportunities. Read the full report to find out more: Steve Johnson, Alex Shevelev, Nicholas Plessas
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As we closed out the 2024 financial year, in Episode 32 of Stocks Neat, CIO Steve Johnson, and Portfolio Manager Alex Shevelev, do a deep dive into the state of small-cap stocks and the latest market movements. They discuss recent market volatility, spotlight resilient companies with strong recurring revenue, and share their stock-picking strategies. The episode also covers risk management approaches and provides insights on future market trends. Tune in as they discuss current opportunities, from small-cap recovery to potential high-performing sectors. Discover where they are finding value amidst volatility and get insights into the evolving market landscape. "The small-cap market has been a challenging space, but within it, there are high-quality businesses with strong recurring revenue and free cash flows, presenting significant opportunities for investors." Listen to the full episode to find out more: https://lnkd.in/eH8zddwQ Steve Johnson, Alex Shevelev
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No Nvidia? No Microsoft? No Magnificent Seven at all? Yep, and it's still possible to outperform. Come along to tomorrow's webinar to find out how Forager's small cap portfolios have been delivering great results and why the small cap underperformance over the past 5 years makes for more opportunity, not less. 12pm Thursday 25 July, register using the link below: https://lnkd.in/gVnEgSuB?
Please join Forager's 2024 Virtual Roadshow. After registering, you will receive a confirmation email
us02web.zoom.us
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Forager's June 2024 Financial Year performance report is now out. See our Chief Investment Officer, Steve Johnson's comments on the year in review below:
Forager's 2024 report card is out. It's been another busy but successful year for the business and our clients. We managed to outperform despite more small cap underperformance and had to find our own magnificent 7. RPM Global led the charge again for the Forager Australian Shares Fund, while the best performer in the International Fund was a UK-listed oil services company (five words certain to set your pulse racing), Gulf Marine Services, up 190% for the year. Here's the full report #investing #managedfunds
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Our annual virtual investor roadshow is coming up next week! Register here if you'd like to attend. The team will cover: -Performance over the past year, including individual stock contributions -Stock picking in the current environment -Current portfolios and their outlook Secure your spot now:
Please join Forager's 2024 Virtual Roadshow. After registering, you will receive a confirmation email
us02web.zoom.us
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The third and final video in our series with Livewire Markets is now out. Here, Forager's Chief Investment Officer, Steve Johnson speaks with Livewire's Sara Allen about the biggest investing mistakes at Forager over the years and lessons learned from these. Transparency with investors is a key value at Forager Funds, and talking about mistakes rather than hiding them is a huge component of this. Watch the video to find out more:
What investors should do next after making a mistake
livewiremarkets.com
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In the latest episode of Stocks Neat, Gareth Brown and Steve Johnson discuss investor concerns relating to the current macroeconomic environment, particularly the political backdrop with this years’ upcoming elections. Gareth and Steve argue that investors tend to overweight political risks in terms of the broad market impact of policy shifts, and that news generally has a negative tilt that can induce irrational fears. Instead, they advocate the viewing of government policy consequences from a sector or company perspective. They also highlight the ability of the market to factor many of these political concerns into asset prices, before touching on the opportunities that lie ahead in an investing environment that’s not consensus optimism. Listen to the full episode here: https://lnkd.in/gcM-_nUX