Hmmm the good Robert Frost, of OC funds management, woukdn’t be gently biased in any way would he ?
http://www.ocfunds.com.au/wp-conten...agement-OC-Micro-Cap-Fund-update-20180531.pdf
But OC needs to get our stock code right ..we are the Fourth biggest holding in their microcap fund despite them getting us mixed up with NRH (which seems to have been the previous code for BBL - the Brisbane Broncos .
( just not cricket?)
Spelling errors aside it’s nice to have the vote of confidence from another large holder
“...Our key conviction domestic calls, at present, remain in companies exposed to the large pipeline of east coast-based infrastructure projects, particularly in areas such as road, rail, transport, telecommunications and renewable energy. The portfolio is well represented by companies that ought to benefit from an uptick in spending in these areas with SRG Limited, NRW Holdings and Windlab Limited all expected to be beneficiaries to varying degrees.”
And in the report it says that when they have been speaking to Management teams the word is earnings will be at least in line with forecasts ....
“The Fund has managed to escape the earnings confession season ahead of FY18 results relatively unscathed thus far. From our recent interactions with management teams, the companies that we own are trading in-line with, or ahead of, our expectations. A disproportionately large number of listed companies, particularly those exposed to government spending, tend to have a large month in June, so it will not be a surprise to see the pace of downgrades accelerate in the small cap market as we get closer to the end of the financial year.”
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