Category: Investments and funds. Country: Liechtenstein.
The core of the value style is estimating the intrinsic value of securities and buying only those that are most seriously undervalued. Investors can achieve a high and sustainable rate of capital appreciation if they know a great deal about the industries and managements behind an investment. Therefore, as experienced financial analysts and portfolio managers, we analyse each individual security ourselves. Our goal is to find securities: which are undervalued in relation to their intrinsic value; with which the probability of a long term loss of capital is low. We determine the intrinsic value of each security. Undervaluation mostly comes about when the stock market overreacts to negative company news or political and economic developments by slashing the share price. By doing so, the market underestimates the average earnings power or growth prospects of the firm over the economic cycle and hence the fair value of the stock. We use a variety of analytical tools to determine the intrinsic, or "fair," value: dividend discount models, sum of the parts valuations, private market values, relative value within a sector, etc.
Address: Ratikonstrasse 33 FL-9490 Vaduz, Phone: 423 232 37 39 Fax: 423 233 30 50
