This gives my confidence a nice boost , stating there could be a...

This  gives my confidence a  nice boost , stating there could be a good 12 months ahead ................
Carmody and Matthew Kidman run the Level 18 Fund, the portfolio for which is skewed to companies with above-market earnings growth, strong balance sheets, predictable free cash flow, and strong management teams.

Which companies make the cut?
There are a handful of stocks that Carmody highlights as examples that fulfill the above criteria, three of which were major contributors to the performance of the Fund over the past 12 months, and two that are major positions within the Fund currently that Carmody expects to perform well.

The performers
Lindsay Australia (ASX: LAU) – Lindsay Australia is an integrated transport, logistics and rural supply company. During the year the company delivered several upgrades to forecast earnings following ongoing consolidation within the road transport sector.

SRG Global (ASX: SRG) - SRG Global is a diversified industrial services company that provides asset maintenance, mining services, and engineering and construction services in local and international markets. The company delivered consistent contract wins during the last 12 months.

Helloworld Travel (ASX: HLO) - Helloworld Travel operates as a travel product and services distribution business in Australia, and internationally. In FY23 the company benefitted from a post-Covid recovery in travel and delivered a strong earning performance in the year.

Two for the future
Lycopodium (ASX: LYL) – "We believe Lycopodium is inexpensive compared to the market and well-positioned to win additional contractual work with major global mining groups. The company has a strong net cash balance sheet and a globally diversified business model. We believe the business is likely to consistently exceed market earnings expectations over the medium term," Carmody said.

MMA Offshore (ASX: MRM) - “We expect the recovery in oil and gas activity and the forecast growth in new offshore wind infrastructure to deliver strong demand for MRM’s unique portfolio of marine vessel assets over the next year. Improving vessel utilisation and structurally higher day rates are expected to contribute to growing earnings and a higher return on invested capital. If we are right, the share price should continue to outperform the market in the next year,” Carmody said.