1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Key points:
Laretive sees severe mispricing in select travel, gold and data centre namesSideminder flagged as a high‑growth travel exposure with strong balance sheet metricsVault Minerals (ASX:VLT) viewed as deeply discounted versus WA gold peers despite growthDigiCo (ASX:DGT) and Macquarie Technology Group (ASX:MAQ) cited as data centre value playsFocus placed on earnings, cash flow and asset value rather than macro narratives
Luke Laretive from Seneca Financial argues current market dislocations are creating rare value opportunities across travel, gold and data centres. Laretive claims several quality names have been “insanely sold off”, opening the door for investors willing to look through short‑term macro noise.
Sideminder (ASX:SDR) stands out on his radar, trading at what he sees as just 2.4x EV/sales versus around 6x in recent years, with about $30 million in cash and a similar undrawn debt facility. He highlights 27% annualised recurring revenue growth and improved unit economics, and views travel demand as cyclically depressed by geopolitical uncertainty rather than structurally impaired. Director buying is cited as further support for the stock.
In gold, Laretive points to Vault Minerals (ASX:VLT), arguing it trades on roughly 4x cash flow versus 7–8x for the broader WA gold sector and 11–12x for market favourites. He regards it as one of the fastest‑growing gold producers on the ASX, with King of the Hills and exploration upside driving an earnings‑led story rather than a pure gold price bet. In infrastructure, he highlights Macquarie Technology Group (ASX:MAQ) and DigiCO (ASX:DGT), noting Your DC’s Sydney 1 asset and claiming the stock trades at about 0.4x book, implying at least 60% upside in a structurally supported data centre theme.
