Special Situation Powermatic Data Systems with Hadiyanto Wibawa
Had a lot of fun chatting with Hadiyanto Wibawa about Powermatics Data Systems as well as some other stocks. Apparently both of us have some similar large cap positions! (You’ll have to listen or watch the episode to find out more)
Hadiyanto is the founder and managing partner of Arunika Capital. Arunika is modeled after the original Buffett Partnership with no management fee, a high water mark, and a performance allocation applied only to profits exceeding a 6% compounding hurdle. Hadi is personally invested alongside the limited partners. Hadi was born in Indonesia and educated in Singapore.
Powermatic Data Systems which is listed in Singapore is a small-cap with low liquidity but an interesting story. Recently the stock dropped on weaker operating results but with the potential for recovery. But more importantly, management has been in the process of releasing value via a property sale and a special dividend. It’s a case that's worth checking out!
To access more episodes and the audio versions on Spotify and Apple Podcasts click here.