New IPO – Spheria Emerging Companies Limited (ASX:SEC)
3 Nov 2017
Gamma Wealth Group is offering clients an opportunity to invest in Spheria Emerging Companies Limited (ASX:SEC). Spheria will be a listed investment company (LIC), comprised of an investment team with close to 40 years’ experience. Spheria aims to provide investors with risk-adjusted returns derived from a diversified portfolio of between 20 to 65 different companies. They have a strong track record of investing in small and micro-cap companies. Their investment selection process focuses on three core components:
- Companies with strong free cash flow
- Companies with low or no gearing on their balance sheet
- Companies trading at discounted valuations
Even though Spheria has outlined it is a small cap manager the average market capitalisation of the companies within their portfolio is $1 billion.
Details of Spheria Emerging Companies Limited are as follows:
- A “Highly recommended” rating from Lonsec – one of only 3 Listed investment companies to ever receive this rating
- Outperformed the Small Ordinaries Index by 6.3% in the last year and 7.3% since inception.
- Annualised Return since inception of 11.6%
- Issue Size – Minimum $100m and up to $250m with no oversubscriptions
- Offer costs to be recouped by manager not paid by investors
- Issue Price – $2.00
- Expected ASX Code: SEC
- Expected Listing Date: 5th of December 2017
This investment may be appropriate for those investors wanting exposure to a proven, quality, small cap manager. Depending on your risk profile, this investment may be appropriate for a diversified investment portfolio.
We require expressions of interest by Friday 10th November, 2017.
Please click on the link to the prospectus.