Growth Equities provides investors with access to
managed funds of Australian listed shares and intends to deliver
both fully franked dividends and share price growth to its shareholders.
The Company’s objective is to maximise profits
for investors whilst protecting its investment capital.
Its proven investment process is based on that of
Warren Buffett, focusing on businesses it understands, managed by
excellent people, have solid business economics and buys them cheaply.
It avoids companies it doesn’t understand or finds difficult
to assess.
The people who run the fund invest in the fund, the
Growth Equities shareholders are their partners.
The Growth Equities investment process is a disciplined
approach of selecting a small number of well managed and highly
profitable companies from the ASX. It carries out detailed research,
analysis and valuation, often visiting the company’s management
and operations. Each prospective investment must pass through a
strict assessment process by consistently achieving minimum hurdle
rates of financial ratios. These ratios are designed to highlight
highly profitable and conservatively financed companies. If suitable
investments are not identified, the Company will hold cash until
it finds investments that meet its strict criteria.
Its long-term investment philosophy utilises a buy
and hold strategy to achieve its objective. It does not speculate
and maintains a low level of turnover. The combination of these
reduce investment risk and improves the reliability of returns.
Russell Lester is the Chief Investment Officer and
Managing Director of Growth Equities. He has over 15 years experience
in the Australian and global financial markets to build a broad
range of investment management skills. Russell holds a Bachelor
of Economics degree from the University of Western Australia; a
Graduate Diploma in Applied Finance and Investment from the Securities
Institute of Australia; is a graduate member of the Australian Institute
of Company Directors and a Fellow of the Financial Services Institute
of Australasia.
Lester Group
The Lester Group is an important investor in Growth
Equities with over $5 million invested in the two Investment Companies.
Dick Lester is Executive Chairman of the Lester Group, is Chairman
of the Growth Equities group of companies and a member its investment
committee.
The Lester Group’s sole exposure to listed shares
is through Growth Equities.
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