Gowings Brothers former retail business now high quality value focused investing fund. Admittedly its not big and its perhaps another boring long term stock.
This company has returned 14%pa in last 4 years and $1000 invested in it in 1986 would today be worth around $17500 (to me this results to 15.4%pa return).
In some way the managent principles and the tone of management-shareholder relations seem to resemble Warren Buffett and his way of running the business.
So the fundamentals look good, management owns lots of shares themselves and therefore manage the business as if its still their own, they seem to be frank in their reporting and apply no nonsense wealth management strategies.
On the downside, as large portion of the funds is assigned to listed and private equities, should a market correction come, the results would not be as impressive. But than which stock would?
Anyone else with a view on this company? And yeah a shameless plug for my analysis of this company follows: http://sog.shopinthemall.com/2007/01...thers-limited/