Two new additions to our portfolios

At the Future Generation Investment Forum last week, I presented two stocks that we’ve recently added to our portfolios; one for the Smaller Companies Fund, and one for the Emerging Companies Fund. First up, from the Emerging Companies Fund, was Mastermyne Group.

Mastermyne is a mining contractor that operates in the underground coal business. After a long and painful downturn, projects are beginning to show some life again in the coal industry. Mastermyne is perfectly placed to benefit from this resurgence, given its strong balance sheet and recent equity raising. Management’s incentives are well aligned with shareholders, with senior management and the board owning about 20% of the company. Given the $1b of work due to be contracted in the coal industry, Mastermyne is well placed to deliver significant growth.

In this video below, I also outline why we’ve recently added Freedom Foods to our Smaller Companies Fund portfolio.