CIL: H1:17 Earnings Miss, Share Price Misses More

I have written about Consolidated Infrastructure Group (CIL) a number of times (see this), but after the stock’s earnings miss yesterday I think I should update that view. I cannot speak for the market, but I was expecting HEPS of … Continue reading

How Does Acquisitive Growth Work?

Due to consolidation accounting (or “Group accounting”) rules, when one company controls another one (from 50% + 1 vote up to full-control of 100%, depending on circumstances), that first company (or the “parent” company) gets to accounting for both the financial … Continue reading

No Forecasts for 2017 Found Here!

At this time of year, I normally put together a nice little article with some broad strokes about what I think the year ahead will hold. The rise of Populism and the potential proliferation of Black Swan events leads me to … Continue reading

Consolidated Infrastructure Group: Still Quality & Growth for Value

If you haven’t already (or just want a reminder), I strongly suggest that you read my original investment case for Consolidated Infrastructure Group (CIL) over here. In summary, while details have moved around and time has passed, the major thrust of … Continue reading

Consolidated Infrastructure Group buy Conlog

Consolidated Infrastructure Group (CIL) has just announced the acquisition of Conlog. Here follows the press release sent out from CIL: CIG DIVERSIFIES WITH R850 MILLION ELECTRICTY PRE-PAID AND SMART METER ACQUISITION JSE pan-African infrastructure operation, Consolidated Infrastructure Group (“CIG”), has … Continue reading

Of Discounts & Discounts…

Things have been busy here, so I haven’t gotten much time to write anything new here for a while. And nothing has changed, so I’ll keep this short. Ethos Capital Partners (EPE) has just listed on the JSE. They have … Continue reading

Five Short Small Cap Investment Ideas

Here are couple short small cap investment ideas and some background reading for each one. For the record, I hold these in my Fund, so I am putting my money where my mouth is. ADvTech Ltd (ADH) ADvTech’s recent acquisitions … Continue reading