46 Best Stock Pitches (6th-12th April) 🖨️
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Welcome to another edition of the Capital Employed Newsletter.
Latest interviews with fund managers sharing their best ideas…
#130 - Andrew Marasco (Matrice Capital) 📗
#129 - Patrick O’Brien (Jackson Peak Capital) 📗
#128 - Dom Wells (Onfolio Holdings Inc) 📗
BEST IDEA AWARD FOR THIS ISSUE 🏆
Ennismore European Smaller Companies Fund on AB Dynamics 🇬🇧
Designer, manufacturer and supplier of advanced testing, simulation and measurement products to the global transport market. AB Dynamics trades at eleven times enterprise value to trailing operating profit after tax, which we view as far too cheap for a business of this quality.
Applying a multiple of sixteen times to operating profit after tax implies approximately 90% upside to the end of 2028 – with downside protected by the predictability of the business model, a strong balance sheet, and a depressed valuation. A round-up of the best ‘fresh-off-the-press’ stock pitches from last week…