Investment philosophy:
Delivering superior after-tax returns on a long-term basis.
Essential elements to achieve this:
01.
Thorough and perceptive fundamental research
02.
Primary emphasis on risk-adjusted stock selection with a strong focus on macro and technical factors
03.
Highly disciplined stock selection process focusing on Growth at a Reasonable Price (GARP)
04.
Relatively concentrated portfolios
05.
A blend of managers who are prepared to challenge consensus
Research focus
To ensure we have a clear understanding of companies for inclusion in your portfolio, Peak undertakes company visits, conference calls, company presentations and analyst briefings. However, because of our industry expertise, we also believe in a healthy scepticism towards company and industry forecasts – hence the need to do our own research. This also involves reviewing a range of current broker and industry research.
To contain risk at the stock level, Peak will evaluate securities based on the following:
01.
Strength of the balance sheet
02.
Management’s ability and track record
03.
Positive cash flow generation
04.
Positioning in the marketplace
05.
Product differentiation
06.
Position on the cost curve
