COG Financial Services Limited

ASX:COG

COG Financial Services Limited

ASX:COG
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$2.02 (-1.5%)
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Pinned straw:
BrianJ
Added 8 months ago

The share price has jumped almost 30% in the last week.

I just saw this in an email from Hugh Robertson who is friends with Tony Robinson:

"COG Financial Services Ltd (ASX: COG) Last week, Tony Robinson and John Dwyer emerged as both shareholders of substance and Chairman and Director respectively of COG. The yield here is good, the multiple is very undemanding, and we now have a track record of institutional svelte (Tony) and hard arsed operational skills (John). Even if America causes us problems with tariffs, there are plenty of other places that will scoop up production from rural Australia...... China perhaps.  Or our dear friends from the EU? "

I have a past connection to both Tony Robinson and John Dwyer in that I worked at ASX-listed OAMPS Ltd when Tony was CEO, and John was one of our leaders. I've followed Tony's career at other ASX listed firms where he grows them through mergers and acquisitions and then moves on.

John Dwyer is father of the famous Paul Dwyer who was the founder and grew ASX listed PSC before it was sold recently. Again, Tony and John had a massive involvement in that business.

So, watch this space. In the next few years, we'll likely see some big changes coming with COG.
Strawman
Added 8 months ago

Interesting @BrianJ

I reckon you could base an investment approach almost entirely on following high-quality managers. Buffett's "When a manager with a reputation for brilliance tackles a business with a reputation for poor fundamental economics, it is the reputation of the business that remains intact" is probably relevant, but the qualitative value of a capable management team is difficult to overstate.

(I'm not familiar with either person, so I cant reinforce or refute your observations, but the general idea is a good one).

Also, John Hempton's Strategy is essentially that, but in reverse - he keeps a record of people who have a knack for ruining everything they touch, and he uses that as a basis for short positions.

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lowway
Added 8 months ago

Thanks for the heads-up post @BrianJ, I definitely love investing in businesses with a solid management team. It was one of my major reasons for taking a chance on $TRS in June last year after reading some great things on their CEO and then hearing some great things on the Contrarians Podcast about the same CEO (and of course it had a low PE and some solid financials for growth).

Totally agree with @Strawman view of this in his post as well.

I'll look into the numbers and business case over the next week.

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