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Author: wayjo One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6186  
Subject: What Companies are our favourites? Date: 1/29/2002 7:46 AM
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I sat down on the weekend and wrote down a list of Australian companies that I would be prepared to put 10% of my net worth in (and in some cases already have).

I would be interested to see other people's list/ideas.

My list in alphabetical order with general thoughts is:

ANZ Bank
Run by perhaps the best of the bankers at present and the lowest cost provider. Strategy of fixing up the weak link in wealth management is being addressed. Only copany on my list that I still consider buying at current prices.

ARB Corporation
Run by the Brown Brothers who still own 20% of the company. May very well become the success story of the next decade with international expansion. Increasing market with "nudge" bars for smaller 4WD market. Perpetual currently buying into the company.

Commonwealth Bank
Such a strong franchise with customer base and while I think they paid too much for Colonial the funds management should become the jewel in the crown in years to come.

Hunter Hall International Ltd
Established and run by Peter Hall. Has an excellent temperament for investing and eye for undervalued assets. From a standing start in 1994 with $100,000 of seed money from his employer, Hancock & Gore, has grown the Value Trust to $250m and his management company floated last year now has a market value of over $70m - Peter's stake is worth $36m. He's only 38 and my prediction is he will be the next Ron Brieley and make BRW richest 200 within 10 years. Currently my equal 2nd largest holding and would love to buy some more if the price were right. This will be my Westfield Holdings. Biggest problem will be outgrowing the local market.

Milton Corporation
Boring listed investment company but have a portfolio with heavy emphasis on financial companies that could not be replicated for a number of years by another investment company/fund. Management are VERY ethical.

Perpetual Trustees
Love this company and management is excellent. John Lamble and Graham Bradley have turned this company into I think the best financial services company in Australia currently. Funds management, share registry, trustee services, superannuation - it's the complete shop.


I limited myself to 5 companies and they come from my small universe of stocks. That's why there is no resource companies or high-tech companies in there - I don't know them well enough.


Up & Comer:
Funtastic: could be a bumpy ride with inconsistent profits depending upon the latest toy craze but I like the sound of the management team.

Text Media; bought some shares in November at $1.20 but Fairfax rumour made the price jump up and haven't bought any since. Eric Beecher founded the company and has a significant stake as well as some of the other managers. Even the accountant owns nearly $400,000 of shares.

Both Funtastic and Text Media will make good takeover targets in years to come.

Food for thought....
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