SECTION 5
All Weather Capital www.allweather.co.za
Company details FAIS FSP registration number: 36722 Switchboard: +27 11 722 7382 Fax number: N/A General email: info@allweather.co.za Website: www.allweather.co.za Address: 1st floor Peregrine Building, 6A Sandown Valley Crescent, Sandton, 2196 Compliance officer name: Independent Complaince Services +27 21 975 6597
Investment philosophy Our philosophy is based on the belief that the market continually and regularly misprices assets. Mispricings occur regularly because investors either underestimate risks or do not recognise potential. We try to understand these risks and appreciate the scale of opportunities better than the market does. Significant opportunities are created for those few who are diligent with the fundamentals. Our ambition is simply to buy a share where the market has undervalued it relative to intrinsic value or to sell a share when the prevailing price is far in excess of intrinsic value. We determine a company’s intrinsic value by forecasting cash flows through financial modelling. In everything we do we exercise caution and act conservatively. We express this by including a wide margin for error in forecasting and by limiting our exposure to unquantifiable risks.
FAIS requirements Who is your FAIS complaints officer? Shane Watkins Please provide the link to the complaints policy on your website: http://www.allweather.co.za/legal.html
Ownership
Who are the directors of the company? John Oliphant – Director, Shane Watkins – Director, Terence Naidu – Non-executive director, Fulu Makwetla – Non-executive director Do staff and management have an interest in ownership? Please provide the percentage held by staff and management: 67% is owned by staff and management
History When was the company established? 2014 List of mergers that have taken place since being established: N/A
B-BBEE credentials Are you B-BBEE accredited? Yes. What is your B-BBEE status? Level 2 By whom have you been accredited? Empowerdex Date of accreditation: Apr-17
GIPS Are you GIPS compliant? Yes. Are you GIPS verified? No. By whom have you been verified? N/A Date of verification: N/A Expiry date of verification: N/A
Investment mandates What are your total assets under management? R7.50 billion Please detail the mandates you currently manage and the size of each of these mandates: Institutional: R 7.45 billion Retail: R48.23 million Life: N/A Other: N/A
Key investment personnel Size of Investment Team: 5 Shane Watkins Chief Investment Officer B.Bus.Sc (finance); PGDA, CA (SA); CFA 22 years’ industry experience 4 years with firm Chris Willis Head of Research Bcom Honours; Passed CFA Level 3 5 years’ industry experience 3.5 years with firm Sanelisiwe Tofile Equity Analyst Bcom Honours; Passed CFA Level 3 5 years’ industry experience 3.5 years with firm Equity Analyst Lulama Qongqo BSocSci in Economics with Honours 2 years’ industry experience 1 year with firm Dumisani Ndlovu Equity Analyst Bcom Hons Investment Management, Passed CFA Level 1 2 years’ industry experience 1 year with firm Refiloe Sello Manager, Fund Operations and Business Development Bcom Investment & Corporate Finance; SAIFM; Passed CFA Level 1, Passed FRM Level 1 4 years’ industry experience 3 years with firm Mark Scholefield Operations Manager/Fund Accountant GCMA; Bcomm 9 years’ industry experience 3 years with firm
What is the ownership structure of the company? 55% owned by Zava Financial Services; 45% owned by Shane Watkins 147