Darryl Paul's top 5 long-term tips
Top Five small company long term buys from Darryl Paul, portfolio manager of the Macquarie Small Company Growth Trust .
Top Five small company long term buys from Darryl Paul, portfolio manager of the Macquarie Small Company Growth Trust .
1. Sonic Healthcare
This company has become a leader in private pathology services on the East Coast of Australia, thanks to an aggressive acquisition strategy. We expect strong earn-ings growth to continue on the back of underlying industry growth as well as from synergies from recent acquisitions.
2. Miller’s Retail
The success of the Miller’s Fashion Club has provided strong customer loyalty and has enabled this company to achieve an aggressive store roll out. We believe that the formulae that made Miller’s successful in the over 35s market will be trans-ferred to the 18-35s market via a new chain called Crossroads.
3. Flight Centre
Flight Centre has been gaining market share through strong store roll out both in Australia and overseas. Additional growth should flow through from its offering of travel services on the Internet.
4. Neverfail Springwater
This company is a leader in the delivered water bottle and cooler rental market. Strong underlying growth in demand for good quality drinking water should con-tinue to drive its success.
5. Brian McGuigan Wines
We expect strong growth in its wine brands to continue, particularly in overseas markets such as the UK and US.
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