Source : EGP Concentrated Value Fund (29/2/24)"Finally, I must...

Source : EGP Concentrated Value Fund (29/2/24)

"Finally, I must touch on Stealth Group (SGI). I first wrote about our SGI holding in March 2022 (.PDF), and when I look
back at that report, the subsequent difficult conditions have seen the business performance fall short of where I had
hoped the business would be this year. The protection of gross undervaluation at that point in time has still seen the
share price roughly double and moved the position into our top-10 holdings. I intend to write about SGI in more detail
in next month’s report. A look at the ASX announcements by SGI shows we have trimmed our position, but after
recalibrating my forward expectations, we have stopped that for reasons I expect to elaborate on next month."