Another indicator of good future performance for Gentrack was that in 2015 there were 14 SSH notices over the year with all the institutions increasing their holdings: Perpetual, Devon Funds, UBS, Harbour Asset Management, NZ First Capital and Mawer Investment Management.
Mawer is based in Canada and their slogan is: Be Boring Make Money. Boring: the way investing should be. " Our investment philosophy requires that we buy companies that are wealth-creating, run by good management teams, at prices that are discounts to their intrinsic values." http://www.mawer.com/
I like it - boring is good. Just like boring old Ryman. Van Tharp (in his book Super Trader) likes boring too, although he calls it “efficient”. “I like to trade stocks that are very efficient (that is trending up or down with very little volatility, with very little noise.)”
Gentrack has not been making much noise on Sharetrader and the price has gone from $3 in mid 2016 to $6.69 now, up 39c 6.2% today. It seems the market liked the announcement.
http://artofboring.com/life-railway-speed/
Interesting article and a good diagram of The Gartner Hype Cycle – a peak of inflated expectations, a trough of disillusionment -where much wealth is destroyed, a slope of enlightenment and plateau of productivity.
Paradoxically, the very mania that results in widespread destruction of wealth, ultimately allows for the creation of significant future wealth.