Letters by company
Experience Co Ltd
8 letters discussing EXP. Everything written about it on this site is on its ticker page.
- Forager Funds Management Monthly Report July 2026, Australian Shares Fund Bravura Solutions lifted its fiscal 2026 cash-profit guidance as cost discipline improved margins, countering concerns that AI will impair established software providers. OFX received a cash proposal for Equals Group, while Experience Co advanced a potential sale of its Australasian skydive operations to Inflite. July 2026 BVS $994MEXP $45MOFX $87M
- Forager Funds Management Annual Report June 2026 Forager argues that the AI capital-spending boom has become a sector-specific bubble while neglected software and value businesses offer better prospective value. The firm sold Fiserv after its turnaround failed, exited richly valued Comfort Systems and Zegona, added to selected Japanese software holdings, and retained conviction in operating progress at companies including Cuscal and IDP Education. 2026 financial year 5038 $222MAMA $157MBVS $994M
- Forager Funds Management Monthly Report February 2026 Forager Australian Shares Fund reduced holdings during the 2025 small-cap rally and has begun redeploying cash into Catapult, Bravura and Paragon Care. It attributes February’s broad share-price declines to a reversal in sentiment toward small-cap industrials, while several companies reported results that met or exceeded expectations. February 2026 EXP $45MIDPUF $626MNNCSF $620M
- Forager Funds Management Forager Australian Shares Fund Monthly Report April 2024 Forager Australian Shares Fund criticised Macmahon’s proposed acquisition of loss-making Decmil, arguing cash returns would better serve shareholders. The fund added materially to Experience Co during its sell-off and retained Pointsbet, expecting its Australian and Canadian operations to support a higher eventual sale value. April 2024 EXP $45MMAH $1.5BPBH $193M
- Forager Funds Management Chief Investment Officer Letter: Quarterly Letter March 2024 Forager argues that small-cap valuations have become selectively optimistic, rewarding companies that deliver profit, cashflow and growth while punishing missed expectations. It trimmed Gentrack and Installed Building Products on valuation, retains confidence in the delayed long-term cases for Experience Co and Yeti, and supports delisting the Australian Shares Fund to address its unit discount and liquidity. first quarter 2024 EXP $45MGTK $323MIBP $4.9B
- Forager Funds Management Australian Shares Fund Monthly Report December 2023 Forager Australian Shares Fund argued that RPMGlobal, Viva Leisure and Experience Co have improved operating fundamentals while their valuations remain depressed. The fund added Praemium after its selloff but requires tighter cost control, and expects Whispir's contested takeover to produce an acceptable outcome despite weak operations. December 2023 EXP $45MPPS $195MVVA $94M
- Forager Funds Management Australian Shares Fund Monthly Report, August 2025 Cuscal became the fund’s largest holding after reporting results consistent with its prospectus and announcing the cash acquisition of Indue. Forager expects customer migration onto Cuscal’s infrastructure to create material cost efficiencies, while Hipages, Macmahon, Experience Co and Tyro Payments also benefited from supportive results or corporate interest. August 2025 CCL $813M
- Forager Funds Management Monthly Report | October 2024 Forager Australian Shares Fund added meaningfully to Tyro Payments after proposed debit-card surcharge reforms prompted a sell-off, arguing that its payment infrastructure remains essential to small businesses. Praemium, Experience Co, Plenti, Aroa Biosurgery and Pointsbet reported encouraging quarterly updates, with Praemium's renewed platform inflows supporting confidence in its recovery. October 2024 PPS $195MTYR $254M
