Dislocation is an indicator of future potential

September 2023

In our latest quarterly report, we note that several of our holdings are seeing a broadening dislocation between burgeoning operations and stagnant share prices – managements are genuinely scratching their heads as to why the market is not marking up their lowly share prices alongside improving outlooks. This dislocation is a powerful indicator of future potential, with Sky New Zealand being an excellent example.

Have a look at the quarterly if you’d like to read more.