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Shriro Holdings Ltd ASX:SHM

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20252026

31 Oct 2024 to today

Commentary Showing 2 of 7

DateManagerActionSummary

30 Apr 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Shriro Holdings Ltd following the completion of its tender buyback, noting the company has now repurchased 34% of its shares outstanding over the past 18 months via three tender offers. DMX Asset Management views a clear and deliberate pivot toward growth — supported by new significant shareholder and director Fiona Brown, co-founder of Dicker Data — and notes that from a starting price-to-earnings of 5–6x with no debt and cash reserves, any success in growing earnings could translate to very strong total returns. The fund acknowledges near-term headwinds from consumer weakness driven by higher fuel prices and interest rates but sees a no-growth scenario alone generating approximately 15–20% annual returns from the current earnings yield.

Capital Management Share BuybackMonthly Report, price recorded $0.80

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31 Mar 2026DMX Asset ManagementHeldThe manager continues to hold Shriro Holdings and notes the company is in the process of tendering to buy in up to 25% of its shares outstanding. The manager views this as part of a rational capital allocation framework â€” re-purchasing shares because management recognises the market is undervaluing the company, knowing meaningful purchases below intrinsic value will enhance value for remaining investors.

Monthly Report, price recorded $0.78

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5 more comments on SHMPro shows every comment, with a link to each source document.

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on SHM.

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About Shriro Holdings Ltd

Consumer Discretionary, Household Durables

Shriro Holdings (ASX:SHM), a consumer products distributor, is one of DMX Asset Management's largest holdings because of its cash generation and buybacks. In April 2026, DMX reported Shriro completed a tender buyback, continuing to return significant cash to shareholders after strong cash generation in recent years. In February 2026, DMX noted half-year sales rose 8% and net profit 10%, and earlier highlighted an 8% buyback at 81 cents with scope to buy back up to a further 25% of shares. Shriro operates in the Consumer Discretionary sector within the Household Durables industry, and Thesis Tracker has captured 7 comments from 1 fund manager, DMX Asset Management. Founded in 1982 and headquartered in Chatswood, Sydney, Shriro markets and distributes kitchen appliances, barbecues and consumer products, including Omega and Everdure appliances, and holds Australasian distribution rights for Casio products, with a market value of around $55 million.

Market cap: $47m
Price to earnings: 5.4x
Return on equity: 31.3%
Dividend yield: 2.7%
Price to book: 1.56x
Net margin: 9.8%
52-week range: $0.69 to $0.84

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Shriro Holdings Ltd (ASX:SHM)?

Fund managers including DMX Asset Management have invested in Shriro Holdings Ltd (ASX:SHM).

What opportunities or catalysts do fund managers highlight for Shriro Holdings Ltd?

DMX highlights strong cash generation returned to shareholders through tender and on-market buybacks of up to 25% of shares, along with rising sales and profit.

What are the key risks to the Shriro Holdings Ltd investment thesis, according to fund managers?

The available commentary is positive and does not detail specific risks, though Shriro is a small company exposed to consumer spending on household appliances and to retaining distribution agreements.

What does Shriro Holdings Ltd (ASX:SHM) do?

Shriro Holdings Ltd., founded in 1982 and headquartered in Chatswood, Australia, is a company specialized in the marketing and distribution of kitchen appliances and consumer products. The firm operates across three key geographic segments: Australia, New Zealand, and the Rest of the World. Its diverse product portfolio includes home appliances, watches, calculators, electronic musical instruments, and barbeques. The New Zealand segment additionally manages audio equipment, while the Rest of the World segment focuses on cooling products, barbeques, and pizza ovens with associated accessories.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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