Home  |  Contact Us
ABOUT EVP MANAGEMENT PHILOSOPHY PROCESS WHAT WE OFFER
OVERVIEW SEVEN-STEP DUE DILIGENCE WHEN WE SELL

When We Sell

When an investment is reduced or completely sold, we will only re-invest the cash when it makes sense. We will typically sell an investment in a company under the following circumstances:
A company's stock price approaches our estimated intrinsic value
The weight of the investment in the portfolio becomes excessive
We uncover information that leads us to believe the risk characteristics and fundamentals for which a company was originally chosen are deteriorating
We find an investment idea with more conviction and more attractive valuation
We recognise a mistake was made in assessing a company's management or competitive dynamics
Our investment process has endured many dramatic periods in the market, and will not change. It is an extension of who we are.