Fund manager Sean Sequeira says Altium shares will rise if the market gets confidence it can meet its FY 2025 targets. COVID-19 will prove a short-term hit to Altium’s long-term growth story and management is still targeting 100,000 users by 2024-25 and revenue of $US500 million.
Australian Eagle Asset Management’s Sean Sequeira recorded a 16.27 per cent return for his long-short fund, after fees, and 19.23 per cent before fees.
Fortescue was a winner: the stock has more than doubled this year.
“The improvement of their cashflows was still not recognised by the market,” he recalled.
“FMG can provide growth and strong returns: CEO Nev Power”
Australian Financial Review (AFR) article by Tess Ingram
21 August 2017
Fortescue Metals Group’s strengthened balance sheet can sustain higher dividends and still support the iron ore miner’s growth ambitions, chief executive Nev Power says.