Good sector, strong management, sticky revenues, pricing power, still cheap, page-16

Very positive writeup of EGH by The Boat Fund in their latest report.

Brief extract:

"In summary the key reasons we are attracted to the
opportunity:

• Entry valuation and potential for valuation to strongly
expand in conjunction with successful execution of the
aggregation strategy;
• Under researched and under owned by other
institutional investors;
• Experienced and strongly aligned management team;
• Stable and recurring defensive earnings, supported
by a strong demographic tailwind;
• Strong growth opportunity through pursuit of
aggregation – with the aggregation at a very early
stage;
We acquired an ownership interest in EGH early, paying
15.5 cents for our first parcel of stock. We have since
purchased more shares on market and participated in
two capital raisings. For the reasons outlined above,
presently EGH is the largest single position in the
portfolio and the Fund is the largest shareholder in
EGH with just over 10% of the company. "