Yarra Capital Management’s Joel Fleming and 1851 Capital’s Chris Stott share their thoughts on three micro-cap stocks making serious strides, and two with an enviable market position.
Hello, and welcome to Livewire’s Buy Hold Sell. My name is Chris Conway, and today we are looking at five microcaps with big ambitions, and some of them may in fact already be leaders in their space.
I am joined by Joel Fleming from Yarra Capital Management and Chris Stott from 1851 Capital. Thanks, gents, for being here. The first stock we’re going to talk about is PWR Holdings. These guys provide cooling systems for race cars, F1, V8 supercars, and the like. It hit a low of around $5.50 in June, and it has recently been trading back towards 10 bucks. So is it a buy, hold, or sell? Joel, we’ll start with you.It’s a buy. A classic small cap compounding story. It’s founder-led, focused on driving long-term value, operates in a niche, world-class, and layers of optionality in terms of its growth.Sell for us.
It’s a sell for us. Very high regard for management, really believe in the structural theme, emerging markets. There’s just too much risk in the current environment.Joel, we’ll stay with you on Playside Studios. These guys make video games for the likes of Disney and Warner. Is it a buy, hold, or sell?It’s a hold for me. I really like the industry. I like the split of business, and the people involved. But just like to see some more traction in the business model before becoming more positive.
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