In this investment presentation, we explore the Indian consumer electronics retail industry with a focus on Aditya Vision, a fast-growing retailer founded in 1999 with a presence in the Hindi heartland region. You can view the full presentation below. Executive Summary The past few years have been promising for India’s economy, with rapid economic growth,...Read More

Download presentation here BIEM.L.FDLKK-Investment-PresentationDownload Executive Summary The past decade has seen Chinese apparel brands such as Anta Sports, Li Ning, Bosideng and Biem.L.Fdlkk win market share from foreign brands and gain more credibility with domestic consumers. We believe Biem.L.Fdlkk has an emerging moat in its sub-apparel category driven by its focus on quality, innovation, discipline and long-term culture. This is...Read More

An update on the Jenga Global Strategy 2022 was not a good year for the Jenga Global Strategy. We declined -16.42%, which was well below our benchmark, the MSCI World Index return of -7.37% in 2022. This was our first calendar year of negative returns and underperformance relative to the benchmark, quite far from our...Read More

Reitmans – Emerging from CCAA protection Image: Reitmans clothing store During periods of high inflation, rising interest rates and potentially low market returns, stock pickers need to dig much deeper for investment opportunities. One area we can still find good investments are in special situations, and earlier this year, we initiated our first special situation...Read More

Betterware de Mexico is a high-growth home organisation company in Mexico with a direct-to-consumer sales approach. Betterware manufactures and sells home organisation products across six core segments with Kitchen, Homeware, Bedroom representing 69% of total revenue.  Since acquiring the Mexican operation, Luis Campos, the current chairman has achieved an astounding 23% and 27% revenue and...Read More

The Israeli high-technology medical devices and equipment industry has produced a few success stories, with InMode now leading this sector.  We believe InMode is a high-quality aesthetics device company with industry-leading results. As of its last quarterly update, Q2 2021, InMode had three segments Minimally-Invasive (70%), Hands-free (23%) and Noninvasive (7%). -% of revenue sales. ...Read More