LMB
Thesis
Rudi van Niekerk mentioned increasing exposure to LMB as part of a strategy to allocate capital to companies with strong value drivers, indicating confidence in its performance relative to other investments.
Did it work?
inconclusive
confidence: low
The thesis rests on a fund manager increasing exposure to LMB due to perceived strong value drivers, but no price performance data and no elapsed time are provided, so the predicted outperformance cannot be verified. The allocation event itself is stated to have occurred, but whether it translated into superior returns is unknown. Without either price data or confirmation of thesis-specific catalysts, no verdict on success or failure is possible.