WIKAMA
Publisher: ~17 years in equity research & sales; previously managed a small-cap long/short mandate for a UK hedge fund. MBA Finance (Vlerick), magna cum laude. CFA (2011).
What WIKAMA publishes: Selective, research-driven notes on under-followed listed companies and the industries around them—deep dives, case studies, and valuation frameworks. The readership includes portfolio managers, analysts, family offices, and high-net-worth private investors.
What you’ll receive: Access to the archive, new notes when available, and periodic updates on the coverage universe and thesis developments. Quality above quantity.
Approach
- Focus: Inefficient niches— mainly micro/small caps with limited coverage and lower liquidity. Preference for simple, proven businesses with decades of profitability.
- Process: Primary work (filings, footnotes, customer/supplier checks, expert calls, site work where useful) plus an explicit analytical edge: identifying accounting and capital-structure nuances that distort economics or valuation—e.g., non-economic depreciation, EV normalizations (restricted/trapped cash).
- Horizon: Multi-year, with emphasis on downside protection, unit economics, and capital allocation.
- Valuation: Buying at low multiples of recurring, demonstrated earnings. Seeking downside protection via asset floors (liquidation value). Favoring strong returns on tangible capital employed, disciplined M&A, and reinvestment at attractive returns.
Bio
- 17 years of experience in equity research and sales at various investment banks.
- Ran a long-short mandate for major UK hedge fund in small caps.
- CFA charterholder since 2011.
- MBA in Finance, Vlerick Business School, magna cum laude.
Disclaimer
The information provided on wikama.be (the “Website”) is for informational and educational purposes only. It should not be construed as investment advice, financial advice, trading advice, legal advice, or any other type of professional advice.
The opinions and research expressed are those of the author and are subject to change without notice. While efforts are made to ensure accuracy, no guarantee is given as to the completeness, reliability, or timeliness of any information presented.
The Website does not make any representations that the securities or financial instruments discussed are suitable for any particular investor. Any investments involve risk, including the possible loss of principal. Past performance is not indicative of future results.
You should always do your own independent research and due diligence and/or consult with a qualified financial professional before making any investment or financial decision. The author and the Website expressly disclaim any and all liability for any direct, indirect, or consequential loss or damage arising from reliance placed on the information contained herein.
To the extent that any content published on this Website constitutes an investment recommendation under the EU Market Abuse Regulation (Regulation (EU) No 596/2014, “MAR”), such content will be prepared, presented, and disclosed in compliance with the relevant requirements of MAR, including transparency of interests and sources.
The Website may reference third-party sources or external links. These are provided for convenience only, and the Website is not responsible for the accuracy or content of such external sites.
By accessing and using this Website, you agree to hold harmless the author, the Website, and its affiliates from any claims, losses, or damages, whether direct or indirect, that may result from reliance on the information provided.