Welcome to another edition of the Capital Employed Newsletter.
There’s plenty of interesting ideas in this issue, from critical minerals to IT consulting, from hyper-growth to deep value.
A reminder for regular readers…
Over 2,000 stocks are now listed in the Company Index. Everything is in alphabetical order from country to company. This is an excellent resource when starting your research.
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Latest interviews with fund managers sharing their best ideas…
#140 - Dean and Deiya (Pernas Capital) 📗
#139 - Sébastien Lagarde (Alphajet Europe Microcap Fund) 📗
BEST IDEA AWARD FOR THIS ISSUE 🏆
Alphajet Europe Microcap Fund on FACC AG 🇦🇹
Aerostructures manufacturer — cabin interiors, aerostructures, engines and nacelles — supplying practically every major aircraft and engine maker - Airbus, Boeing, Embraer, Bombardier, COMAC and the leading engine manufacturers.
In absolute terms the stock trades on roughly 9–10x next-twelve-months earnings, falling toward 9x for FY2 — cheap for a business riding both a multi-year aviation up-cycle and an emerging defense/drone angle.A round-up of the best ‘fresh-off-the-press’ stock pitches…