Fund Manager Summary
The fund managers believe that Salter Brothers Emerging Companies Ltd presents a promising opportunity for investors, particularly given its recent performance and strategic positioning. They note that the share price has increased by 6.7% in the last month and 50% over the past year, indicating strong momentum. In their opinion, the company’s focus on small-cap Australian companies underpins its potential for growth. The fund managers have recently increased their position in SB2, citing the ability to acquire shares at a significant discount to net tangible assets (NTA). They identify several catalysts that could enhance shareholder returns and help narrow the discount to NTA, reinforcing their positive outlook on the investment.
Source: Trading View
Commentary From The Managers
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Wilson Asset Management
31 Oct 2025
$0.75
Summary
- WAM Strategic Value increased its holding in Salter Brothers Emerging Companies during the month.
- Substantial holding changes were released on 16 and 21 October 2025.
- Wilson Asset Management continues to acquire shares at an attractive share price discount to NTA.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Wilson Asset Management
31 Oct 2025
$0.75
- WAM Strategic Value increased its holding in Salter Brothers Emerging Companies during the month.
- Substantial holding changes were released on 16 and 21 October 2025.
- Wilson Asset Management continues to acquire shares at an attractive share price discount to NTA.
Summary
Wilson Asset Management
3 Sept 2025
$0.71
- Wilson Asset Management believes SB2 is undervalued, currently trading at a 36%-37% discount.
- Small caps have performed well in the financial year to date; however, share prices have not kept pace, leading to a wider discount.
- Approximately 15% of the portfolio consists of unlisted investments.
- Further analysis of the unlisted investments has provided increased confidence in their value.
- Despite unnatural selling pressures, Wilson Asset Management remains confident in a 35% discount and believes it is a position worth holding.
- The firm is optimistic about generating profits for investors regardless of market fluctuations.
Summary
Wilson Asset Management
31 Dec 2024
$0.80
- Salter Brothers Emerging Companies Limited (ASX: SB2) is a LIC focused on investing in small-cap Australian companies with a market capitalisation under $500 million.
- SB2 contributed positively to investment portfolio performance with a 6.7% increase in share price during the month.
- Over the past 12 months, SB2's share price has risen by 50%.
- The investment portfolio has achieved a performance of 43.7% for the 12 months to 30 November 2024.
- In December, Wilson Asset Management increased their substantial position in SB2, accumulating stock at a large discount to net tangible asset (NTA).
- Wilson Asset Management sees several catalysts that could drive further shareholder returns and help narrow the share price discount to NTA.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a 50% surge over the past year and a promising portfolio performance, it appears that Salter Brothers Emerging Companies Ltd is poised for further growth, potentially unlocking value as the market catches up to its net tangible assets."
Last Updated: 31 Oct 2025
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Frequently Asked Questions
Who is investing in Salter Brothers Emerging Companies Ltd Fully Paid Ord. Shrs (ASX:SB2)?
Fund managers including Wilson Asset Management have invested in Salter Brothers Emerging Companies Ltd Fully Paid Ord. Shrs (ASX:SB2).
Why do fund managers invest in Salter Brothers Emerging Companies Ltd Fully Paid Ord. Shrs?
Fund managers are investing in Salter Brothers Emerging Companies Ltd (ASX: SB2) due to its strong performance, with a 50% share price increase over the past year and a 6.7% rise in December 2024. The company focuses on small-cap Australian firms, and its investment portfolio has delivered a remarkable 43.7% return in the last 12 months. Fund managers see potential catalysts for further shareholder returns and opportunities to acquire shares at a significant discount to net tangible assets (NTA), reinforcing their confidence in the company's growth prospects.
What happened to Salter Brothers Emerging Companies Ltd Fully Paid Ord. Shrs (ASX:SB2)?
Fund managers have invested in Salter Brothers Emerging Companies Ltd due to its attractive valuation, highlighted by a significant discount of 36-37% to net tangible assets (NTA). Despite recent strong performance in small caps, the share price has lagged, widening the discount. Additionally, about 15% of the portfolio comprises unlisted investments, which provide added confidence. Fund managers believe this presents a compelling opportunity for profit, as they continue to acquire shares at favorable prices.