Our Potential Buys for 2025

Three serial acquirers, a value-based retailer, and a leading consumer company

Hi fellow Tortoise!

Welcome to another bi-weekly webinar! In this episode, we’ll highlight:

• Recent earnings reports for our portfolio companies, largely confirming the investment theses. As things stand year-to-date, our portfolio-weighted NOPAT growth rate in FY24 will be around 13%, in line with their multi-year average. This growth is crucial to reaching our 12% IRR objective.

• Discussing today’s market’s optimism - are the earnings growth expectations overly bullish?

• Our watchlist - 5 names that could be added to our portfolio next year (when the timing/valuation is right), and definitely worth writing a deep dive on.

The presentation can be watched below, including the slides and the transcript.