Pure Microcap Newsletters

A holding that has contributed positively to fund performance over the last quarter is Opticomm (ASX:OPC), one of Australia’s largest owner/operators of fibre infrastructure. We participated in Opticomm’s IPO in August on the back of the company’s impressive track record, strong organic growth outlook, solid balance sheet and a very compelling valuation.

In this newsletter we discuss a key holding in the fund People Infrastructure (ASX:PPE) and how it has contributed to the performance of the fund.

In this newsletter we discuss a key holding in the fund Enero Group (ASX:EGG) and how it has contributed to the performance of the fund.

The last quarter of 2018 was a turbulent one in markets, bring an end to a challenging year overall for value managers. The Fund fell -18.5% over the quarter, while the index was also down markedly, dropping -13.7% over the same period. Over the long term (since inception in September 2013) the Fund has generated 20.1% p.a. versus 5.3% p.a. for the S&P/ASX 300 Accumulation Index.