We added a new position in PWR Holdings Ltd in the Oracle Investment Management Emerging Companies Portfolio. Founded in 1997, investing in a new segment of the automotive cooling market, PWR today provides high performance aluminium radiators, intercoolers and oil coolers for race cooling solutions to leading race categories and is recognised as a world leader in high performance cooling. PWR Holdings is recognised as one of the highest-quality companies in the Small Ords index. We have monitored its performance for many years, and its shares have consistently traded at a premium valuation. While the stock is still not inexpensive, the valuation has recently eased as the company embarks on an investment cycle to upgrade its facilities and increase capacity for future growth. This investment has resulted in reduced profits for FY24, and subdued performance is expected to continue into FY25. However, once this significant investment period concludes, we anticipate that the company will be well-positioned for substantial growth, likely regaining its premium valuation. #OracleInvestmentManagement #investment #PWR #coolingsolutions #automotive
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Reliance Has Spent $125 Billion On Capex Over The Past Decade
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