Good thread Keith.
Here's the first one that came to mind. I'm sure there are many others but MIX deserves some discussion
- Stock name: Mix Telematics- Stock code: MIX- Business model: Innovation driven tech company focussed on asset tracking and associated telemetrics. Post capex spend the business generates largely annuity driven income.- Downside Risks: Essentially a tech comapny and so at risk of disruptive technologies appearing.- Investment case: Market penetration is still low and adjacencies are rapidly opening up. MIX is well postioned to capture these opportunities. Great geographic footprint (including Africa) across both emerging and developed markets make it a great rand hedge. This diversification also defends revenue stream shocks in any given market. Management have proven themselves in terms of delivering over the past 5 years.- Valuation: Looks high at the moment but positioned for growth.
Love MIX...will have that in my portfolio in 2014 for my kids