Oct 2023 Monthly Report
This month’s DMXCP report discusses some nano-cap holdings, and provides an update on the Diverger takeover.
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This month’s reports include commentary on several portfolio positions subject to takeover interest.
Read moreAug 2023 Monthly Report
In this month's report, following full year reporting for FY23, we outline our expectations for FY24 of a number of our positions across the portfolio.
Read moreJuly 2023 Monthly Report
In this month's report, we discuss several holdings that updated the market with significant news - Corum, Kinatico, 8Common and Advanced Braking.
Read moreJune 2023 Monthly Report
In this month's report, we discuss our top 10 holdings and other prospective opportunities as we begin FY24
Read moreMay 2023 Monthly Report
In this month's report, we discuss market updates released during the month from portfolio companies EDU Holdings, Pure Profile and Field Solutions.
Read moreApr 2023 Monthly Report
In this month's report, we discuss market updates provided during the month from portfolio holdings Aeeris, Advanced Braking, AVA Group, Credit Clear, Kinatico and Corum.
Read moreMar 2023 Monthly Report
In this month's report, we discuss recent meetings with portfolio holdings Sequoia, Tambla, Advanced Braking, Prime Financial and Cirrus Networks.
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In this month's update, we discuss the results and outlooks of our top 10 positions following the release of the half year reports during February.
Read moreJan 2023 Monthly Report
In this month's update, we discuss the December quarterly reports for three of our holdings - Advanced Braking Technology, Medadvisor, and Sky-Fii.
Read moreDec 2022 Monthly Report
In this month's update, we discuss two recent additions to the portfolio - Advanced Braking Technology Limited and SOCO Corporation Limited.
Read moreNov 2022 Monthly Report
In this month's report, with the completion of the AGM season, we discuss updates from some of our portfolio companies, including Aeeris, which is delivering some encouraging growth from its suite of climate reporting and monitoring products, and Smartpay, which continues to deliver exceptional organic growth.
Read moreOct 2022 Monthly Report
In this month's update, we discuss how some of our portfolio companies, including Laserbond and AVA Group, are responding to a more challenging economic environment.
Read moreSep 2022 Monthly Report
In this month's update, we discuss site visits to three portfolio companies (Joyce Corp, Cryosite and Credit Clear), following their full year results.
Read moreAug 2022 Monthly Report
In this months update, we review how DMXCP's top 10 positions reported, and comment on how we see them positioned for FY23
Read moreJuly 2022 Monthly Report
During July, many of our portfolio holdings reported their fourth quarter and full year cash flow results - we discuss several of these in our monthly update, including Diverger and DDH1 Limited.
Read moreJune 2022 Monthly Report
Notwithstanding the recent portfolio and market falls, news across the portfolio has been on the whole positive and in this month's report, we comment on encouraging operational updates from Credit Clear, Kip McGrath and Readytech.
Read moreMay 2022 Monthly Report
In this month's report, given the decline in NAV in recent times, we spend some time discussing our strategy, how we see the markets currently, and opportunities that we are looking to take advantage of.
Read moreApril 2022 Monthly Report
In this month's report, we discuss a number of trading updates recently provided by portfolio companies, including from PTB Group, Credit Clear and Aeeris.
Read moreMarch 2022 Monthly Report
In this month's report, we highlight the 7-year anniversary of DMXCP, and, as we look ahead, we detail the top 10 positions in the portfolio, and why we find them attractive. These really showcase the breadth & quality of the opportunity set, and what we believe will help to drive favourable outcomes over the next seven years.
Read moreFebruary 2022 Monthly Report
In this month's report, we discuss some positive half-year results from portfolio holdings Cryosite, DataDot and Australian Family Lawyers.
Read moreJanuary 2022 Monthly Report
In this month's report to investors, we discuss a number of updates from the portfolio during the month, including from PTB Group, Ansarada and Yellow Brick Road.
Read moreDecember 2021 Monthly Report
In this month's update, we our top 10 positions and provide our comments on their outlook and our expectations for 2022 and beyond.
Read moreNovember 2021 Monthly Report
In this month's update, we discuss some key monthly portfolio developments and highlight some recent meetings with Kip McGrath and Design Milk.
Read moreOctober 2021 Monthly Report
In this month's update, we discuss some key monthly portfolio developments and highlight some interesting updates from Raiz Invest and Yellow Brick Road.
Read moreSeptember 2021 Monthly Report
In this month's update, we discuss some recent portfolio purchases (including Aeeris, Pureprofile and Swick) together with some names that we have been selling
Read moreAugust 2021 Monthly Report
In this month's update, we discuss how our three largest holdings (Sequoia, Joyce Corporation and Easton) reported in FY21. We also comment on three holdings that have built strong market positions in Australia, and that are now looking to grow quickly in offshore markets.
Read moreOct 2023 Monthly Report
This month’s report includes a profile a new holding of the fund - Fiducian Group
Read moreSept 2023 Monthly Report
This month’s reports include commentary on several portfolio positions subject to takeover interest.
Read moreAug 2023 Monthly Report
This month’s report includes an update on EML Payments, which has been a challenging investment for us this far, but has reported encouraging progress.
Read moreJuly 2023 Monthly Report
This month’s report includes commentary on two holdings that provided encouraging full year guidance - Shriro and Michael Hill.
Read moreJune 2023 Monthly Report
This month’s report includes commentary on three holdings that provided updates to the market during the month: Sequoia, DDH1 and Kip McGrath.
Read moreMay 2023 Monthly Report
This month’s report includes an overview and update on NZ-listed General Capital, to which we've recently added.
Read moreApr 2023 Monthly Report
This month’s report includes updates on Michael Hill and Smartpay, both key holdings for the fund, and each with interesting developments.
Read moreMar 2023 Monthly Report
This month’s report includes our thoughts on the education sector and commentary on each of our two holdings in the space: Academies Australia, and EDU Holdings.
Read moreFeb 2023 Monthly Report
Cash in the fund inched up as we received proceeds from previously-announced takeovers, and we’re taking a conservative and cautious approach to topping up existing holdings considering some recent negative newsflow and heightened uncertainty.
Read moreJan 2023 Monthly Report
This month’s report provides updates on two key holdings: Frontier Digital Ventures and Michael Hill.
Read moreDec 2022 Monthly Report
This month’s report notes some of the rotation activity occurring within the portfolio, as we realise proceeds from takeover targets and add to favoured holdings.
Read moreNov 2022 Monthly Report
This month’s report profiles our holding in Gentrack, which is beginning to execute on its strategy with investors acknowledging its strong fundamentals and increasingly positive outlook.
Read moreOct 2022 Monthly Report
This month’s report discusses some of the frustrations and challenges of having to contend with private equity rummaging through the market and picking out the eyes. Both our funds have short-term benefited from takeover offers for a number of holdings. But we consider any enthusiasm for these to be short-sighted from the perspective of long-term investors.
Read moreSep 2022 Monthly Report
This month’s report highlights some of the recent buybacks being implemented by a number of our portfolio companies, and the value this is adding for long-term investors.
Read moreAug2022 Monthly Report
This month’s report highlights the recent takeover offers for $NEA and $PTB
Read moreJuly 2022 Monthly Report
This month’s report highlights the deal flow we’re able to access investors through our network of brokers, including the opportunity to be a sub-underwriter for MedAdvisor’s current rights issue – a company owned across both DMXCP and DMXASF.
Read moreJune 2022 Monthly Report
This month’s report highlights some of the loss-generating holdings and how we’ve responded opportunistically in response to some of these.
Both funds continue to chip away building holdings in quality smaller companies at attractive pricing and taking advantage of the compelling opportunities that we are currently seeing.
Read moreMay 2022 Monthly Report
This month’s report includes commentary on AFT Pharmaceuticals and Smartpay, each of which reported positive results with strong outlooks.
Read moreApril 2022 Monthly Report
This month’s report includes commentary on EML Payments, Frontier Digital Ventures, and Michael Hill; as well as highlighting both a risk & opportunity with the shifting sentiment toward interesting small software businesses.
Read moreMarch 2022 Monthly Report
This month’s report includes commentary on recently exited MMA Offshore, and FSA Group which has commenced its share buy-back programme.
Read moreFebruary 2022 Monthly Report
This month’s report includes commentary on Michael Hill, Frontier Digital and Nearmap.
Read moreJanuary 2022 Monthly Report
This month’s report includes commentary on new holdings in EML Payments and Nearmap.
Read moreDecember 2021 Monthly Report
In this month's update, we provide a portfolio update and discuss digital disrupters in the portfolio including Credit Clear and Xref
Read moreNovember 2021 Monthly Report
This month’s report includes commentary on FSA following a recent management meeting and its AGM.
Read moreOctober 2021 Monthly Report
This month’s report includes an update following a recent management meeting with Garry Crole of Sequoia, a key holding of both DMXASF and DMXCP
Read moreSeptember 2021 Monthly Report
This month’s report includes updates on Cryosite, Easton Investments, and Frontier Digital Ventures following management meetings with each of these.
Read moreAugust 2021 Monthly Report
In this month’s report highlights the strong recent results of SDI and our hope they can utilise their over-capitalised balance sheet to make a step-change acquisition or return meaningful funds to shareholders.
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