2 minute read
Namibia Asset Management Limited
www.namasset.com.na
Company details
NAMFISA registration number: 25/12/07
Switchboard:
+264 (0) 61 275 700
Fax number:
+264 (0) 61 249 444
General email: clientservices@namasset.com.na
Address:
1st floor, Millennium House, c/o Robert Mugabe Avenue and Dr AB May Street, Windhoek, Namibia
Postal address: PO Box 23329, Windhoek, Namibia
Compliance officer name: Bulle Uisso
+264 (0) 275 712
Investment philosophy
We has a single investment philosophy on which all products are managed, and it is deeply ingrained within the entire investment team.
Our single investment philosophy is based on two key tenets: using a long-term horizon to establish our assessment of a company’s fair value, and a disciplined valuation-driven approach which drives buy and sell decisions.
The most distinctive aspect of our research approach is the ability to focus on the long term, through the cycle. By concentrating largely on long-term drivers of a business, we are able to make a better assessment of a company’s true worth. It allows us the ability to abstract ourselves from the emotions involved with short-term share price movements. We believe that this long-term focus helps us benefit from short-term mis-pricings in the market – thereby representing an opportunity for better returns than the market.
The focus on valuation and the resulting discipline in portfolio actions also makes us very different from other long-term investors. We are active investors and the portfolio at any time always represents our best investment view. We are not buy-and-hold investors – if a share reaches fair value in a short period and we believe that the fair value remains correct, then we will sell the share.
Other differentiating factors include:
● We do our own detailed proprietary research and modelling on all companies in our coverage list. This includes modelling the revenue, cost, and margins out for at least 5 years (or longer if that is what is needed to capture a more normalized environment). Setting our own assumptions allows us to avoid anchoring off ‘consensus expectations’ and sell-side recommendations.
● Our approach is totally benchmark agnostic. Both our coverage list and our portfolios are not determined or constructed with reference to the benchmark.
● We focus on avoiding errors of commission (what we own in the portfolio) rather than errors of omission (index stocks we don’t own), allowing us to focus our research efforts rather than trying to “cover everything”.
● We incorporate ESG-related factors into all aspects of the investment decision-making process.
● We have a long history of being active shareholders and engage with management on a regular basis. We construct concentrated portfolios of our highest conviction investment ideas, but our portfolios are not built on a single macro view, rather they represent a wide range of investment ideas.”
FAIS requirements
Who is your FAIS complaints officer? –
Please provide the link to the complaints policy on your website: –
Ownership
What is the ownership structure of the company?
Staff 22.3%, Public 37.7% and Coronation Fund Managers 40%.
Who are the directors of the company?
Anton Pillay (Chairperson), Tarah Shaanika (CEO), Bulle Uisso (CFO & Company Secretary), Gordon Young, Evat Kandongo, Elize Angula, Schalk Walters, Birgit Rossouw Do staff and management have an interest in ownership? Please provide the percentage held by staff and management:
Yes, 22.3%
History
When was the company established? 1996
List of mergers and acquisitions that have taken place since being established: –
B-BBEE credentials
Are you B-BBEE accredited? N/A
What is your B-BBEE status? N/A
By whom have you been accredited? N/A
Date of accreditation: N/A
GIPS
Are you GIPS compliant? Yes
Are you GIPS verified? Yes
By whom have you been verified? KPMG
Date of verification: 2022-04-29
Expiry date of verification: 2021-12-31