Investor Letters

Letters through November 30, 2024

1 letter reporting on the period ending November 30, 2024, in each firm's own reckoning.

Forager Funds Management Monthly Report | November 2024 The Forager Australian Shares Fund cited Catapult’s accelerating recurring revenue, positive free cash flow and expanding margins as support for continued growth. EML Payments’ strategy update eased market concerns, while Praemium, Aroa Biosurgery and Tyro Payments supported the investment theses; Camplify reported weak trading across several markets. November 2024 CAT $734MEML $60M