COMPANY PROFILE

ESTABLISHED

1868
Listed on the Australian Stock Exchange in 1932 under the ticker code "GOW"

INVESTMENT OBJECTIVE

To maximise and protect shareholder wealth over the long term.

OUR VALUES

Patience
Discipline
Understanding
Conviction
Decisiveness
Integrity

INVESTMENT PHILOSOPHY

Investments are made across different asset classes to take advantage of changing economic cycles. This assists the company to generate superior and smoother returns. Investment asset classes include listed Australian and global equities, private equity, property, fixed interest and cash.

Investments are made in assets which have the potential to deliver superior growth over the long term. Consideration is given to underlying thematic trends that will drive a company's growth. Target investment companies are then identified which are best positioned with a strong management team, business model, competitive advantage and transparent reporting. We then seek to invest in a company on a fundamental value basis which meets our target return requirements. Investments are made on a risk return basis with higher returns required for more risky assets.

As a long term investor, we rarely sell stocks unless their outlook changes or they become significantly overvalued. This assists us to maximise returns through compounding returns, minimising tax and transaction costs.

At Gowings, all the board of directors and management are shareholders hence our commitment of "investing together for a secure future".

INVESTING IN GOWINGS

Gowings shares can be bought or sold through the Australian Stock Exchange under the ticker code GOW.
Gowings is internally managed and does not pay performance fees to an external manager.
There are no entry or exit fees and no trailing commissions.

HISTORY

The Gowing family started the company in 1868 and continues to use the company as its principal wealth creation and preservation vehicle.

The company, under 4 generations of the Gowing family, has prospered through 140 years of economic booms and busts, world wars and market crashes. The company's origins were in retailing which soon led to significant property investments being made across Sydney's CBD. At one stage, the Gowings Market Street building completed in 1929 was the tallest building in the city.

Gowings has had an early interest in equity investments being one of the founding investors in Woolworths. In the 1950's, a significant re-allocation of capital was made into listed equities. Since then, listed equities have become the primary generator of wealth for our shareholders.