Value Investing

Vladimir Dimitrov, CFA

I am a former strategy consultant with heavy exposure to business and intangible assets valuation. Throughout my career I have been focused on solving complex business problems through the lens of the overall business strategy and by incorporating a set of valuation and financial modelling techniques.

In my spare time I have been exploring the concept of value investing and in particular finding companies with sustainable competitive advantages that also trade below their intrinsic value. In addition to my bottom-up approach of individual equities I also take a more holistic view of the markets through factor investing techniques.

Equity Bottom-Up

<ul><li>Liberty Global has been a challenging name to hold through its years-long restructuring process.</li><li>In spite of the disappointing returns, the company has secured key deals necessary for fixed-mobile convergence in all of its major markets.</li><li>The company still trades at discount to its fair value, in spite of improving fundamentals.</li></ul>

Liberty Global has been a challenging name to hold through its years-long restructuring process.In spite of the disappointing returns, the company has secured key deals necessary for fixed-mobile convergence in all of its major markets.The company still trades at discount to its fair value, in spite of improving fundamentals.

Liberty Global: Securing Long-Term Competitive Advantages

Liberty Global plc A

Liberty Global: Securing Long-Term Competitive Advantages