Balmoral Investors
Small & Micro-Cap Investments

 

About Balmoral Investors

About Balmoral Investors

Balmoral Investors is an independent, founder-owned firm established by senior portfolio managers Wik Farwerck and Tim Canham, who bring a 15-year record of outperformance and over $1bn in managed funds. Specializing in small/micro-cap investing, Balmoral offers clients exposure to the smaller end of the Australian share market.

The team’s disciplined investment process, refined across major financial cycles, is supported by a robust network of industry relationships and meticulous financial analysis.

The Team

INVESTMENT PHILOSOPHY

We believe that successful investing in small and micro-cap companies hinges around:

1

Strong balance
sheets

2

Strong
management

3

Earnings/cash-flow visibility
& predictability

4

GDP+ earnings
growth

Three Key Investment Principles
to Maximize Value

Growing companies that generate consistent returns and can reinvest above their cost of capital provide the greatest shareholder value.
Growing companies that generate consistent returns and can reinvest above their cost of capital provide the greatest shareholder value.
Changes to company returns on invested capital have high explanatory power for stock outperformance.
Changes to company returns on invested capital have high explanatory power for stock outperformance.
Analysing industry drivers is critical to understanding what drives stock performance and informs our Discounted Cash Flow valuation methodology.
Analysing industry drivers is critical to understanding what drives stock performance and informs our Discounted Cash Flow valuation methodology.