The fund manager in charge of
Spheria Emerging Companies Ltd(ASX: SEC) has revealed some of the ASX shares that it thinks look like good ideas at the moment.
Spheria’s investment philosophy is to buy companies with cash generative business models, with a demonstrated track record of solid returns at a sensible valuation given their industry dynamics and positioning.
Whilst Spheria believes that the world can overcome COVID-19, the threat of inflation and emerging signs of reluctance by central banks to “pump prime” to the same extent as they have since the emergence of COVID-19 means the fund manager is focusing its efforts on finding business models with pricing power and trying to avoid those that are likely to see unexpected compression in profit margins, such as mining contractors.
2 ASX shares this fund manager thinks could be cheap Tristan Harrison
Spheria Asset Management has identified two ASX shares that it believes could be good value.
The listed investment company (LIC)
Spheria Emerging Companies Ltd (ASX: SEC) releases a monthly update and tells investors about which shares have performed well and shares some comments about them.
These two ASX shares are ones that were included in the latest update:
Monadelphous is one of the largest Australian engineering groups providing construction, maintenance and industrial service to the resources, energy and infrastructure sectors. It’s involved in some of Australia’s biggest and most complex projects and facilities.