Entries by Trevor Muchedzi

Commoditising community: The We Company Juggernaut

By Wadzi Katsidzira and Chiedza Chikoto The headlines WeCompany is a multi brand sharing economy group, anchored by WeWork the coworking space giant founded in New York in 2011. The company also includes WeGrow, operating schools and WeLive, operating shared housing. The company is growing at a breakneck speed, albeit unprofitably. In 2018, WeCompany had […]

H1 2019 – Shareholder Letter

05 July 2019 Dear Shareholders and Friends, One Transaction Capital (“OTC”) is six months old and what a start we’ve had! We launched the company in January 2019 to provide local investors with a scalable platform through which they can invest into market-leading global companies. We believe global equities offer tremendous opportunities to create long […]

The case for global investing

By Trevor Muchedzi, CFA Many investors and their financial advisors are prone to home bias; the behavioural bias in which they systematically overweight their investments or wealth in local assets (stocks, bonds and property) and underweight in assets from everywhere else in the world. The JSE constitutes ~0.8% of the global equity market by market […]

Can an acquisition-fueled growth create value for investors? The case for NV5 Global

By Trevor Muchedzi Executive summary NV5 Global is a fast growing provider of professional engineering and consulting services to public and private sector institutions; The company is vertically structured around five core service offerings: Construction quality assurance, infrastructure, energy, program management and environmental services; Since its debut on NASDAQ in 2014, the company’s annual revenue […]

Intangible assets: The quiet revolution that is redefining investment landscape

By Trevor Muchedzi Summary An increasing number of companies in developed countries are deriving most of their value from their investments into intangible assets rather than tangible ones; By their very nature, intangible assets have different economic characteristics compared to the tangible assets which drove the third industrial revolution for the last 50 years; Companies […]

Billion Dollar Whale

How to steal R70 billion and impoverish a nation   Billion Dollar Whale by Tom Wright and Bradley Hope is a definitive account of how one man, Jho Low, stole US$5 billion (R70 billion) from 1Malaysia Development Berhad (1MBD) – Malaysia’s sovereign wealth fund. Aided by the corrupt former Prime Minister, Najib Razak, his stooges […]