Cranport
Cranport
We opportunistically and actively trade mid-large cap stocks as a result of positive or negative catalysts (either macro or company-specific).
We pride ourselves in finding high conviction investments at an early stage, and having the ability to act in contrary to the market. This results in a high conviction portfolio.
Cranport places a large focus on regularly meeting with company management, brokers and industry participants in an effort to maximise our insights into a potential investment.
By not having to report regularly and/or follow indices (i.e. due to no external money being managed), Cranport’s performance is not compromised. This enables patience, and optimises performance.
As a highly active investor with a flexible mandate, we are able to adjust our allocation of capital dynamically and vary our equities vs cash exposure.
Whilst we strive for double digit performance, we never lose sight of the requirement to preserve capital such that we have the ability to be opportunistic in increasingly volatile market conditions.
In respect of our high conviction stock selection criteria, Cranport employs fundamental bottom-up analysis in an effort to identify companies which have the ability to grow and re-value or ‘re-rate’ their market capitalisation over time.
The key features of our investment process to identify potential high conviction investments for Cranport include:
Multiple and regular update meetings with company management and Board personnel in an effort to assess competency, leadership and vision;
A sound qualitative understanding and assessment of how the business actually makes money and what the key drivers are for the businesses’ profitability;
Assessment of a company’s balance sheet to ensure that a company is not excessively geared with debt; and
Ultimately assessment of valuation, to ensure we are paying a price which we believe represents good value. The valuation methods deployed by Cranport depend upon the type of company and the sector in which they operate but will typically include either a multiple-based approach (i.e. EV/revenue, EV/EBITDA) or DCF analysis.
