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Exclusive interview with Codan CEO

 

Exclusive interview with Codan CEO

There are usually several opportunities for institutional investors to meet with any Australian company’s management during conferences or as they do the rounds following their results.

I have always felt that these meetings however, although useful are not optimal, and I prefer to go out and meet with management on their turf.

There are a few advantages to meeting management at their offices, compared to meeting during organised roadshows and conferences:

  • Management is generally more relaxed on their “home territory” and hence the conversations are generally less scripted or rehearsed.
  • Generally, only the CEO and CFO, along with the Investor Relations rep attend a roadshow. These people are generally the most knowledgeable about the whole business, but they are often not responsible for the daily running of the various divisions. Meeting divisional heads can be very useful to get a deeper understanding of a company.
  • It’s almost impossible to gauge the culture of an organisation without actually being there.

Visiting a company often provides more ‘intangible’ information that may reinforce or disprove ‘desk-based’ analysis.

As readers of the blog probably recall, Codan, an Australian technology company based in Adelaide is a company that The Montgomery Fund has owned for quite some time. A couple of weeks ago, Roger and I visited Codan’s head office and I took the opportunity to bring a camera to film Roger talking to their CEO Donald McGurk for a special edition of our Video Insights.

Please enjoy!

If you would like to learn more about Codan, you can read my previous post here. 

The Montgomery Funds own shares in Codan. This article was prepared 19 June 2018 with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Codan you should seek financial advice.

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Andreas is the joint Portfolio Manager of The Montgomery Fund. Andreas joined from Navigo Partners, a M&A advisory firm in Stockholm, Sweden where he was a Director responsible for origination and execution of Scandinavian projects. Before this, he worked for three years in corporate strategy at Alinta Energy in Sydney.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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