Investment insights

In the below note, we’ll discuss the reasons why we view MERCADO LIBRE (‘MELI’) as an exceptional business. Mercado Libre operates the leading e-commerce marketplace in Latin America, supported by a payments & lending arm, a best-in-class shipping solution, and highly profitable advertising platform. MELI was founded by Marcos Galperin in 1999. Galperin is currently […]

We recently revisited our review of ASML. In the below note, we’ll discuss the reasons why we view ASML as an exceptional business. ASML designs, assembles and sells machines used in the semiconductor (chip) manufacturing process. The core part of ASML’s business is selling lithography machines & other systems equipment. The remaining services part, c.20%

In the below note, we’ll discuss the reasons why we view Moody’s Corporation (‘Moody’s’), as an exceptional business. Moody’s Corporation is a credit rating, research & risk analysis firm. The company was founded in 1909 by John Moody, the inventor of modern bond credit ratings. It was bought by Dun & Bradstreet in 1962, spun-out in

In the below note, we’ll discuss the reasons why we view Constellation Software, Inc (‘CSI’), as an exceptional business. CSI was founded by Mark Leonard (President & CEO) in 1995. Since the IPO in 2006, the equity has delivered a compounded annual total return of +37%. It has achieved this at the same time as limiting

In the below note, we’ll discuss the reasons why we view BE Semiconductor Industries ‘BESI’, as an exceptional business. BESI was founded in 1995 by Richard Blickman, who remains CEO today. Since listing in December of 1995, the equity has delivered a compounded total annual return of 14% (dividends re-invested). SEMICONDUCTORS Semiconductors, also known as chips,

In the below note, we’ll discuss the reasons why we view Gaztransport & Technigaz (GTT) as an exceptional business. GTT is the world’s No. 1 Liquified Natural Gas (‘LNG’) cargo containment systems provider. The company designs,  owns and licenses the specialist technology used in the construction of LNG carrier tanks. Natural gas makes up approximately 25%

In the below note, we’ll discuss the reasons why we view LVMH as an exceptional business. LVMH is the world’s largest luxury conglomerate, owning renowned luxury brands like Christian Dior, Givenchy, Louis Vuitton and Moët & Chandon. It is a family-owned business, with the Arnault Family holding the controlling stake. Bernard Arnault is the Chairman

In the below note, we’ll unravel the compelling reasons why we view AJ Bell as an exceptional business. AJ Bell’s investment platform empowers UK retail customers to seamlessly buy shares, funds, and ETFs online or via a user-friendly app. The company has strategically focused on providing a low-cost solution tailored to the needs of investors

FDM sources, trains and places IT & business consultants, known internally as “Mounties”. The FTSE 250 company operates in the UK, North America, EMEA and APAC. Founded in 1991 the business floated on AIM in 2005 but was taken private in the wake of the financial crisis. The company was re-floated in 2014. FDM specialises

Music Is UniversalUniversal Music Group (UMG) is the world’s leading music label and production company. UMG own more than 50 labels that identify and develop recording artists assisting in the production, distribution, and promotion of their music. The business owns the rights to ~1/3rd of recorded music in the world and currently represent 8 of