Sceptre Investment Council Ltd (SZ.TO)

BUY
started owning at 5 ½ dollars. Performance has been amazing. Still a good point to buy in.
BUY
Great company, has some “doggy years” but is a great long term buy. Be prepared for bumps, as it isn't very actively traded, so if something goes wrong you could have a nasty downtake.
TOP PICK
(A Top Pick Nov 7/06. Up 30.8%.) Picked it as a turnaround story. Expanding very well. $10 million cash on the books.
COMMENT
Has better transparency in the discipline of their investment approach. Gaining market share.
TOP PICK
Have put up some very good numbers over the last few years. Strong management. The most recent quarter showed a 43% earnings growth and expects they can grow 35%-40% this year, followed by 20%.
TOP PICK
Institutional money managers. Their performance has turned around, and when this happens, it takes a while to get assets. There will probably be an increase to their assets which would drop right to the bottom line. Have $20 million on the balance sheet. 3.5% yield.
BUY
Their performance has turned around. They have cut costs down. It has been restructured and you will see benefits.
BUY
Too illiquid for his funds. Expects there will be a continuation of the consolidation of the money management industry. Great numbers. Well run. Prefers AGF Management (AGF.NV-T).
BUY
Rebuilding a track record that was once very good. Not a bad investment. Relatively good dividend. A long term play.
DON'T BUY
Has suffered from a partnership with Putnam Funds which had poor performance and scandals. Revenues and earnings were up in the last quarterly report.
BUY
Likes it, but too illiquid for his fund. Cheap. Good management.
DON'T BUY
No debt and pays dividends. Performance has suffered so they had a retrenchment of assets under management. Could be an attractive takeover. Would prefer others that are growing more aggressively.
HOLD
10% is owned by a company that is in trouble because of its accounting practices. Would look at it at $4.50/5
BUY
Taking the proper steps to reduce illiquidity.Will probably eliminate the multi-vote.Getting ready for a takeover.Very cheap.
HOLD
Eliminating their class A shares. There could be a buy back of shares by the company.
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