Hi Adrian, great writeup, thanks! I stumbled on NEXS when looking at BILN and GFRD. Both profitable and the former on 3 EV/EBIT no debt 10% op margin, ROCE of 28% which I find pretty attractive but like you say it's a cyclical business and they would get battered in a recession... Btw just to be pedantic Peter's name is Gyllenhammar not Gyllenhammer ;) Thanks!
Hey Journeyman, thanks for your comments and the suggestions, I'll check them out. I also really appreciate the spelling correction and have updated the post - just in case he's a subscriber ;)
Hey Geoffrey. Thanks for asking. The other two I follow closely are Harwood Capital in the UK (specifically, Richard Staveley at Rockwood) and Samual Terry Asset Management in Australia. Both have a history of successful activism that is (almost always) beneficial to minority shareholders.
Hi Adrian. Super intresting idea. I saw Gyllenhammar posts stock positions on his website. do you know of any other way to follow his publicly traded investments? Thanks!
Thanks for following along! To track Peter Gyllenhammar's investments, I use the 'ownership' part of TiKr (https://www.tikr.com), which seems to have all the investments where he owns a reportable stake in the business i.e. 3%+ in the UK. Hope that helps!
Hi Adrian, great writeup, thanks! I stumbled on NEXS when looking at BILN and GFRD. Both profitable and the former on 3 EV/EBIT no debt 10% op margin, ROCE of 28% which I find pretty attractive but like you say it's a cyclical business and they would get battered in a recession... Btw just to be pedantic Peter's name is Gyllenhammar not Gyllenhammer ;) Thanks!
Hey Journeyman, thanks for your comments and the suggestions, I'll check them out. I also really appreciate the spelling correction and have updated the post - just in case he's a subscriber ;)
Adrian,
Thank you
Great writeup.
Who are your other two activist investors you follow?
Thanks
Hey Geoffrey. Thanks for asking. The other two I follow closely are Harwood Capital in the UK (specifically, Richard Staveley at Rockwood) and Samual Terry Asset Management in Australia. Both have a history of successful activism that is (almost always) beneficial to minority shareholders.
Hi Adrian. Super intresting idea. I saw Gyllenhammar posts stock positions on his website. do you know of any other way to follow his publicly traded investments? Thanks!
Thanks for following along! To track Peter Gyllenhammar's investments, I use the 'ownership' part of TiKr (https://www.tikr.com), which seems to have all the investments where he owns a reportable stake in the business i.e. 3%+ in the UK. Hope that helps!