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An overview of the Australian small companies.

An overview of the Australian small companies.

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  • 1.  
  • 2. WHAT ARE SMALL COMPANIES
    • At the time of writing , there are 1779 companies listed on the Australian Stock Exchange.
    • The top 100 largest companies represent 77% of the total value of companies that are listed
    • The remaining 1679 companies represent the remaining 23% of the value
    • Glennon capital focuses on the 1679 companies that are outside the largest. These are referred to as small caps, an abbreviation for smaller capitalisation companies.
    • Small cap investing is riskier than investing in the top 100, which are often referred to as Blue chips.
    • Small caps offer the potential for higher returns than large caps.
  • 3.
      • SMALL COMPANIES – REAL BUSINESSES
  • 4. INVESTMENT PHILOSOPHY
    • We believe the market shows varying degrees of inefficiency.
    • We add value by concentrating our research efforts in areas where inefficiencies exist.
    • We have found that larger companies tend to have better information flows and as a result, their price tends to better reflect publicly available information.
    • Smaller companies are not subject to the same structural information flows, providing greater opportunities to find value.
    • There are more opportunities in smaller companies because they are far greater in number and there are structural inefficiencies in terms of the information readily available to investors.
  • 5. THE GLENNON POINT OF DIFFERENCE
      • Specialist small cap manager
      • Strong investor alignment through co-investment
      • Low volatility of returns
      • Have capacity
      • SMA and Unit Trust investment options
      • Utilise concept of Mosaic theory
  • 6.
      • CAPITAL PRESERVATION
    • Focus on preserving clients capital
    • Negative return review
    • Don’t get emotional over investments
    • High maximum cash weighting in fund 15%
    • (versus average small cap manager of 10%)
  • 7. CONTACT DETAILS Glennon Capital Level 11, 131 Macquarie Street Sydney NSW 2000 AUSTRALIA Postal Address: PO Box R281 Royal Exchange NSW 1225 +61 2 8022 8306 [email_address]
  • 8.
    • The information provided in this presentation has been prepared by Glennon Capital (ABN 84 137 219 866, AFSL 338567). The information herein is provided for information purposes and should not be construed as an offer for sale. Whilst Glennon Capital has taken all reasonable care in producing this information, subsequent changes in circumstances may occur at any time and may impact on the accuracy of the information. Glennon Capital Pty Ltd believes that any information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any statute cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by Glennon Capital Pty Ltd, its related bodies corporate or any of their respective directors, employees or agents.
    • This presentation has been prepared without taking into account the investment objectives, financial situation or needs of any particular investor. This presentation should not be relied on as the sole basis for investment in a portfolio managed by Glennon Capital.
    • Further information including offer documentation can be provided on request.
    DISCLAIMER
    • The information provided in this presentation has been prepared by Glennon Capital (ABN 84 137 219 866, AFSL 338567). The information herein is provided for information purposes and should not be construed as an offer for sale. Whilst Glennon Capital has taken all reasonable care in producing this information, subsequent changes in circumstances may occur at any time and may impact on the accuracy of the information. Glennon Capital Pty Ltd believes that any information herein is accurate and reliable, but no warranties of accuracy, reliability or completeness are given (except insofar as liability under any statute cannot be excluded). No responsibility for any errors or omissions or any negligence is accepted by Glennon Capital Pty Ltd, its related bodies corporate or any of their respective directors, employees or agents.
    • This presentation has been prepared without taking into account the investment objectives, financial situation or needs of any particular investor. This presentation should not be relied on as the sole basis for investment in a portfolio managed by Glennon Capital.
    • Further information including offer documentation can be provided on request.