Australian technology: a minefield with some diamonds

Livewire Exclusive

Livewire Markets

If you’re contemplating investing in the Australian technology space, be warned that not all businesses in the sector are made equal.

“I think there are some really exciting companies in the IT space within Australia. A lot of them aren’t exciting and I think you have to be really discerning,” says Joe Magyer, Chief Investment Officer at Lakehouse Capital.

The reason why ASX tech stocks such as Afterpay and Altium have succeeded is because they are solving a global – not local – problems and are able to scale into new geographies in a disciplined way. The reality, according to Joe, is that most Australian IT companies aren’t globally relevant.

In this interview, Joe shares his approach to domestic technology stocks and uses Altium as an example to highlight some of the specifics he seeks in companies.

Take a different approach to investing

Lakehouse Capital concentrates on investing in fast-growing companies, including access to IPOs, pre-IPOs, and institutional raisings that aren’t readily available to individual investors. Hit the 'contact' button below to find out more.


1 topic

2 stocks mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment