Shortlisted – Cover-More and Qube Holdings

Editorial director of Switzer
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In Shortlisted today, we’d like to first remind you of Charlie Aitken’s high conviction pick last week of Westfield Corporation (WFD) over the newly split Scentre Group.

On Thursday Charlie said: “The biggest attraction to me of WFD is they are in the right markets in the right first world countries. If you look where their “flagship” malls are, they are all in high-income, high tax-paying, high white-collar employment precincts.”

And one of Peter Switzer’s favourite guests on Switzer TV – Prime Value’s ST Wong – detailed a few of his favourites during the week. He liked travel insurance company Cover-More’s results.

“It has had a tough time the last six months,” he said.

“It came out with a result that beat its prospectus numbers and threw in a special dividend as well. All in I think that was quite interesting.”

Cover-More (CVO)

Source: Yahoo!7 Finance, September 1 2014

ST Wong looks for companies that are willing to invest in their businesses, whether that be via acquisitions or hiring new people. Cover-More (CVO) is expanding its overseas operations as it looks to grow those markets.

He also believes Ardent Leisure is very interesting as well.

(Peter was an early caller on Ardent Leisure.)

It is a company that seems to be able to identify and willing to invest in markets that are growing.

And lastly ST Wong likes Qube Holdings (QUB).

“Qube has invested quite a bit in acquisitions, and infrastructure as well. [It is] an example of another company that is looking to invest for growth,” he says.

“These are companies that are coming on my radar screen.”

Qube (QUB)

Source: Yahoo!7 Finance, September 1 2014

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regards to your circumstances.

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