I have to say that I agree 100% with this. BRG have had a great...

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03/06/21

10:43

Post #: 53614969
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Originally posted by g41: ↑

Livewire

In spite of – or perhaps because of – the above, Spheria’s flagship investment strategy, Spheria Australian Smaller Companies Fund, performed very strongly through the pandemic.
While the local small-cap universe is up an impressive 40% in the 12-months to the end of April, Burns’s fund added 16% to this, gaining just under 56% over this period.
A toasty stock pick
And finally, when asked to name one of his favourite companies right now, Burns returns to a well-grounded firm that is very relatable to local investors.
Perhaps the biggest appeal, which is something other small-cap fundies have also highlighted, is the staggering size of Breville’s total addressable market.
“With revenue of around $1 billion, their business is a great cash flow generator with a tremendous return on capital and the management team is really thinking very strategically about building the business for the next five or 10 years,” Burns says.

“If you said ‘Buy one stock, shut your eyes and come back in five or 10 years,’ that’d be the one.”

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I have to say that I agree 100% with this. BRG have had a great 4 or 5 years and management really have shown they have a clear direction for long term growth and they continue to deliver.

BRG is my second-largest holding and I still think I don't have enough. I will continue to buy a few more here and there. Forget what the share price does in the next 1-2 years (we all know it will go up and down), but consider where it will be in 5 and 10 years. I will continue to hold/buy until management make a big misstep.

BRG Price at posting: $27.75 Sentiment: Buy Disclosure: Held
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0 Great analysis

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