Value Investing in my Circle of Competence, Hurdle Rate

Hurdle Rate

Value Investing in my Circle of Competence

The name “Hurdle rate” was inspired by none other than Mark Leonard of Constellation Software, and their prolific use of a fixed hurdle (discount) rate for their investments. Had you invested into Constellation Software at the time of their IPO as an Australian Investor you would of seen your investment multiply by >100x or (>35% CAGR), an enviable record (Updated March 2023).

Equity Bottom-Up

<ul><li>Macompta is a French accounting software business which just listed in March 2024 on the Euronext Access Paris exchange without a primary oƯering.</li><li>The company is issuing no new shares but listed to allow its employees to sell shares to the public.</li><li>Over the coming months the company is looking to gradually build up to a free float of 10% (8% coming from one shareholder) and to list on the Euronext Growth exchange within 2 years.</li></ul>

Macompta is a French accounting software business which just listed in March 2024 on the Euronext Access Paris exchange without a primary oƯering.The company is issuing no new shares but listed to allow its employees to sell shares to the public.Over the coming months the company is looking to gradually build up to a free float of 10% (8% coming from one shareholder) and to list on the Euronext Growth exchange within 2 years.

France

Macompta.FR provides technology solutions. The Company develops SaaS software to help entrepreneurs in terms of invoicing, accounting, tax declarations, fixed assets, payroll, and expense reports. Macompta.FR serves clients in France.

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Macompta FR SACA (MLMCA FP)

Macompta (PAR:MLMCA)

Macompta is a French accounting software business which just listed in March 2024 on the Euronext Access Paris exchange without a primary oƯering.

Hurdle Rate

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)