31 Jul 2026Ophir Asset ManagementDVPHeldOphir Asset Management continues to hold Develop Global because it maintains confidence in the mining services company's long-term growth profile despite the shares falling 24.3% during the month following a broker price target reduction. Ophir notes the company reported record quarterly revenue of $147 million for the June 2026 quarter, up 108% on the prior quarter, which it views as strong evidence supporting the growth thesis. The manager frames the share price weakness as a sentiment-driven reaction to analyst commentary rather than a reflection of underlying operating performance, pointing to the substantial revenue growth as validation of its continued conviction in the position despite it being one of the largest detractors from monthly performance.
30 Jun 2026Ophir Asset ManagementSSMHeldOphir Asset Management continues to hold Service Stream Ltd, which was among the largest contributors to portfolio performance in the month as shares rose 11.8%. The manager highlights the company's utility, telecommunications and facility maintenance operations, noting the addition of a new defence maintenance vertical that Ophir believes can grow larger than the market currently expects. This emerging growth avenue is seen as a source of potential earnings upside beyond the company's established service lines, reinforcing the fund's confidence in the stock's forward trajectory as diversification into defence-related contracts progresses.
Ophir Asset Management is a Sydney-based boutique fund manager co-founded in 2012 by Andrew Mitchell and Steven Ng, both former Orbis Investment Management analysts. Ophir specializes in high-conviction Australian and global small and emerging companies, seeking founder-led or founder-influenced businesses with strong growth runways well before they attract broad institutional attention. Its flagship Ophir Opportunities Fund and Ophir Global Opportunities Fund have built strong long-term track records and industry recognition, including multiple fund manager of the year awards. The firm applies deep bottom-up research, direct management engagement and a willingness to hold concentrated positions, targeting long-term capital growth rather than income, primarily for wholesale and retail Australian investors.
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.
31 Jul 2026Ophir Asset ManagementDVPHeldOphir Asset Management continues to hold Develop Global because it maintains confidence in the mining services company's long-term growth profile despite the shares falling 24.3% during the month following a broker price target reduction. Ophir notes the company reported record quarterly revenue of $147 million for the June 2026 quarter, up 108% on the prior quarter, which it views as strong evidence supporting the growth thesis. The manager frames the share price weakness as a sentiment-driven reaction to analyst commentary rather than a reflection of underlying operating performance, pointing to the substantial revenue growth as validation of its continued conviction in the position despite it being one of the largest detractors from monthly performance.
30 Jun 2026Ophir Asset ManagementSSMHeldOphir Asset Management continues to hold Service Stream Ltd, which was among the largest contributors to portfolio performance in the month as shares rose 11.8%. The manager highlights the company's utility, telecommunications and facility maintenance operations, noting the addition of a new defence maintenance vertical that Ophir believes can grow larger than the market currently expects. This emerging growth avenue is seen as a source of potential earnings upside beyond the company's established service lines, reinforcing the fund's confidence in the stock's forward trajectory as diversification into defence-related contracts progresses.
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