Celestial’s mission is to identify and invest in quality listed companies for the long term

In our view, quality companies have the following characteristics:

  • Enduring, competitive advantage,

  • Outstanding management whose interests are aligned with shareholders,

  • Evidence of great capital allocation over the years,

  • High profitability,

  • High cash generation and conversion,

  • Low capital intensity,

  • A record of strong growth,

  • In an end market with a high probability of growth.

Portfolio construction

At Celestial we believe that superior investment performance can only be achieved by having a concentrated portfolio, acquired at the right price.

We limit our portfolio size to a maximum of 20 investments, mixed between larger and smaller market capitalisation companies.

Business Principles

  • We only exist because of our clients and therefore strive to fully understand their needs and deliver appropriate solutions.

  • In order to achieve commonality of interests with our clients, we pay strict attention to potential conflicts of interests, avoiding them. We put clients' interests ahead of our own and treat all clients equally. It is our fundamental operating principle that if all of our practices were to become known, there must be no one with grounds for complaint.

  • Our management fees should should compensate us fairly for the value we add, they should be fair, competitive and clear. All accounts of comparable size pay comparable fees for the same service.

  • Excellence is more than being the best at what we do, our clients should always receive what is best for them.

  • Communication with clients must meet their needs and strengthen our relationships with them. We want every client to thoroughly understand our philosophy, approach, actions and results. If what we do ever comes as a surprise to a client, then we have failed in this regard. In reporting our performance, we accurately state our achievements, neither hiding behind excuses for losses nor taking credit for unexpected gains.

Quality Companies unpacked

Quality companies have The ability to generate sustainable free cash flow over an extended period and deploy the incremental capital at high rates of returns.

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Principal

People

Advisory Panel

“Simplicity is the ultimate form of sophistication”

– Steve Jobs

Disclaimer

The information and opinions on these pages were prepared by Celestial Capital Partners (Pty) Ltd and/or one of its affiliates. The information herein is believed to be reliable and has been obtained from public sources believed to be reliable. Celestial Capital Partners makes no representation as to the accuracy or completeness of such information. Opinions, estimates and projections in this report constitute the current judgement of the author as of the date of this report. They do not necessarily reflect the opinions of Celestial Capital Partners and are subject to change without notice. Celestial Capital Partners has no obligation to update, modify or amend these pages or to otherwise notify a recipient thereof if any opinion, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. This report is provided for information purposes only for sophisticated and professional investors. This report does not constitute a recommendation to buy, sell or hold any interest, shares or other securities in the companies mentioned in it nor does it constitute financial advice. Past performances are not indicative of future performances. Celestial Capital Partners is a Juristic Representative of IBEX Capital (Pty) Ltd, FSP No. 49055.