Eureka Report: Our newest LIC purchase: Bailador

by Mitchell Sneddon via 

Summary: David Kirk’s Bailador Technology Investments looks for early stage unlisted technology operations with established business models and proven track records. The LIC enters these businesses as a convertible preference shareholder, giving some downside protection. The LIC is currently trading at a 13 per cent discount to NTA, but has closed that gap significantly and has the potential to close it further in near future.

Key take-out: At the market open on Tuesday April 11, we will take a five per cent stake in Bailador Technology Investments (BTI).

Category: Listed Investment Companies 


  • Call = Buy
  • Price = $1.00
  • Risk = Medium 

Since the last time I sat down with Bailador Technology Investments (BTI) chief executive David Kirk, the IT focused private equity investment company has been on my mind. It appears Kirk and company are getting it right and they are trading at an attractive long term entry point – this is why BTI is coming into the model portfolio at a 5 per cent weighting.

What boxes does BTI tick?

  • Significant skin in the game by management
  • Experience, with now a five year track record for the portfolio returning approximately 24.3 per cent pa since inception
  • No distractions: BTI is the team's only portfolio there are no other portfolios vying for attention
  • Proactive in communicating the investment approach with shareholders and the market

If you think back to my management checklist article (you can read it here: LIC managers: Finding your perfect match, February 29, 2016), the above list covers close to every point.

To read the full article CLICK HERE

More Bailador News

Eureka Report: Our newest LIC purchase: Bailador

The opportunity with Bailador Technology Investments (BTI.ASX) is simple. As an individual investor, it would almost be impossible to take advantage of these early stage unlisted technology businesses with established models and proven track records. BTI is your gateway to them.
Read more

Washington H Soul Pattinson invests in Bailador

Sydney, Australia – Today Bailador has announced Washington H Soul Pattinson & Company Limited (ASX:SOL)(WHSP) will make a substantial investment in Bailador Technology Investments Limited (ASX:BTI).
Read more

Bailador’s Directors Exercise Options

Sydney, Australia - Bailador’s non-executive directors, Andrew Bullock, Sankar Narayan and Heith Mackay-Cruise have each exercised 100,000 Bailador options investing $300,000 in the company.
Read more