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Forager Stock Valuations Webinar

Tuesday 11 October 2022 at 12pm AEST

The term value investing is being hijacked (or maybe misinterpreted) since low-cost index funds focused on using price to earnings as a proxy for value. Who said value investing means crappy businesses?

Join Steve Johnson, Chief Investment Officer at Forager Funds, along with the International and Australian Shares funds’ teams at our next webinar as they outline Forager’s valuation process and the thesis for companies we have high conviction in. The webinar will cover:

 - How Forager typically values a business when considering an investment
 - Some previously owned companies and how the valuation and thesis played out
 - Valuations and thesis of two current high conviction stocks from each portfolio

There will be a Q&A session at the end of each of the Fund presentations where you're encouraged to ask the team questions. 

Copyright © 2022 Forager Funds Management Pty Ltd (ABN 78 138 351 345). Australian Financial Services Licence (AFSL) No. 459312. PO Box R1848, Royal Exchange, NSW 1225. Ph: (02) 8320 0555.

General advice only:
Forager Funds Management Pty Ltd (Forager) provides general information to help you understand our investment approach. Any financial advice we provide has not considered your personal circumstances and may not be suitable for you. Before deciding whether to acquire or continue to hold a product, you should read the relevant Product Disclosure Statement (PDS), any ASX notices, and seek independent advice from investment and taxation professionals to determine if the product is appropriate for your needs.

Product Disclosure Statement:
The Trust Company (RE Services) Limited (ABN 45 003 278 831 and AFSL No. 235150) is the Responsible Entity and the issuer of the Forager Australian Shares Fund (ARSN No. 139 641 491). Fundhost Limited (ABN 69 092 517 087 and AFSL No. 233045) is the Responsible Entity and the issuer of the Forager International Shares Fund (ARSN No. 161 843 778). The Forager International Shares Fund PDS is available here and the Target Market Determination (TMD) is available here. Access Forager Australian Shares Fund PDS here, the TMD will be available from Forager when required by law.

Performance:
Past performance is not a reliable indicator of future performance. The Trust Company (RE Services), Fundhost and Forager does not guarantee investment performance or distributions, and the value of your investment may rise or fall.

Disclaimer:
To the extent permitted by law, The Trust Company (RE Services) Limited, Fundhost Limited and Forager, their officers, employees, consultants, advisers and authorised representatives, are not liable for any loss or damage arising as a result of any reliance placed on this document. Information has been obtained from sources believed to be reliable, but we do not represent it is accurate or complete, and it should not be relied upon as such.

Forward Looking Statements:
Forward-looking statements are those which reflect the expectations of Forager about the future prospects of companies held within the portfolios of the funds. Whilst Forager considers its expectations to be based on reasonable grounds, there is no guarantee that those expectations will be met. Actual performance of the portfolio companies will be impacted by a variety of factors, including circumstances that cannot be foreseen or are beyond Forager's control, and could differ significantly. Forager assumes no obligation to update any forward-looking statements.

We invest in Australian and International share markets on behalf of long-term investors.

International Shares Fund

With investments in large liquid and resilient businesses, combined with smaller value-based ideas when the opportunities arise, the Fund offers exposure to a unique portfolio of global shares. 

  • Typically invested in 20-40 securities around the world, the Fund provides a more concentrated portfolio than most global funds 

  • Predominantly focusing on markets that have established legal frameworks and stable political systems, the Fund has investments in North America, Europe and Asia. However, up to 20% of the International Shares Fund can be invested in emerging markets. To date the exposure has been minimal. 

  • Our rigorous research process is undertaken by analysts with expertise in Europe, the UK, Asia and the United States.

  • The currency exposure that arises from owning foreign stocks is not hedged back to Australian dollars, subjecting the fund to the effect of FX movements but offering Australian investors some diversification through foreign currency holdings. 

Australian Shares Fund

The Forager Australian Shares Fund is listed on the ASX as a Listed Investment Trust (LIT). The Fund specialises in unusual opportunities that many other investors miss. The investing approach means the Fund is unique in a number of ways:

  • Concentrated portfolio with a selective, flexible approach.

  • Unconstrained fundamental analysis to find the best ideas. 

  • Unlikely to be correlated with any particular index or benchmark.

  • Aim to maximise returns whilst taking calculated risks.

  • Units in the Fund can be purchased in the same way you would buy any other share using the ASX code "FOR".