Dy­lan Martin

Financial Mail - - MONEY&INVESTING - Eq­uity an­a­lyst, Denker Cap­i­tal

If some­one came to you to­mor­row with R100m to in­vest in just one com­pany, which would it be?

Dis­ney. I view it as a high-qual­ity com­pany with un­ri­valled brands (Mar­vel and Star Wars) and as­sets (its parks and re­sorts). I be­lieve many in­vestors un­der­es­ti­mate the com­pany’s re­cently an­nounced plans to launch its own stream­ing ser­vice in 2019. Even though this is a risky move that may present chal­lenges and could can­ni­balise its tra­di­tional bun­dled pay-tv busi­nesses, I think it has enor­mous po­ten­tial. In my view, Dis­ney is cheap con­sid­er­ing the long-term prospects of it in­te­grat­ing ver­ti­cally and de­liv­er­ing its own premium con­tent to a wider au­di­ence via new (and bet­ter) routes to mar­ket.

What is the worst in­vest­ment you’ve ever made?

My worst in­vest­ment de­ci­sion was to sell Old Mu­tual from my per­sonal in­vest­ment ac­count in 2011 to bank a 40% profit. The stock went on to re­turn more than 200% over the next four years — but it’s easy to judge these things with hind­sight.

What was your first job?

My first full-time job was as a con­trol sys­tems en­gi­neer for Sa­sol in the small town of Sa­sol­burg.

If you could turn back time, what would you change in your life?

I would spend less time study­ing at univer­sity and more time hik­ing and surf­ing!

What is your most trea­sured pos­ses­sion?

My ipod. It is — aes­thet­i­cally and func­tion­ally — a bril­liantly de­signed prod­uct and I hope I never lose it.

If you could fix one thing in SA to­day, what would it be?

Cor­rup­tion. Root­ing it out would rec­tify many other prob­lems and un­lock huge po­ten­tial for the coun­try.

What’s your favourite song?

Johnny Clegg’s “Asim­bo­nanga”.

What travel ex­pe­ri­ence is on your bucket list?

Machu Pic­chu, in Peru.

What is your great­est ex­trav­a­gance?

I love proper bil­tong. As long as I can find good bil­tong that costs be­low R300/kg, I’m in heaven. I think it’s fair to clas­sify this as an in­vest­ment in my own hap­pi­ness.

What was your last pur­chase?

My last siz­able pur­chase was a gas braai for our bal­cony af­ter our re­cent move to Cape Town. Our first guests to come for a braai kindly helped me as­sem­ble it — though they didn’t have much choice if they wanted to eat!

What’s the best in­vest­ment you’ve ever made?

I bought Cal­gro for R11/share in 2014 and sold R21/share a year later. it for

How much was your first pay cheque and what did you do with it?

I was paid R120 for a day’s work as a pro­moter for nu­tri­tional gym sup­ple­ments when I was a scrawny 16-year-old. I didn’t sell very many! I can’t re­mem­ber what I did with the money.

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