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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.
Are these 2 high-flying ASX shares buys?
City Chic and Pro Medicus are high flyers. But are these ASX shares buys?
Tristan Harrison has been a contributor to The Motley Fool since October 2016. He has an advanced diploma from the Association of Accounting Technicians (UK) and is currently studying to be a Chartered Institute Management Accountant. Tristan s goal is to help Australians learn about the great businesses listed on the ASX that will help grow their portfolio, wealth and confidence about investments over the long term. He s a keen tennis fan and can t wait for the next Australian Open to roll around.
The 2 top small cap ASX shares in this article could be buys for investors looking for businesses with smaller market capitalisations. The post 2 top small cap ASX shares that might be buys appeared first on The Motley Fool Australia.