Behind every stock there is a company, and behind every company there’s a story. When it comes to searching for undervalued gems, it pays to find a story that others aren’t talking about.
In this week’s video, Portfolio Managers Gareth Brown and Harvey Migotti discuss two of the most prospective small companies in the Forager International Shares Fund.
One of these is NeoGames, a company providing online lottery solutions in four US states and Alberta in Canada. The first of those US states, Michigan, was only small but has been nicely profitable for NeoGames and is a template for the rest of the country. With 38 states yet to offer their offline lotteries via the internet, the growth runway is long.
Gareth and Harvey also zoom in on UK based used car dealership Motorpoint. A business that not only demonstrated its resilience during Covid, but managed to grow its footprint. Watch now to learn more about what new strategic initiatives are on the horizon for this stock.
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Forager Funds is a boutique fund manager specialising in a value investing approach. We offer an ASX listed Australian Shares Fund as well as an International Shares Fund both aimed at delivering returns for long term investors.