CLMHF - Desert Lion Capital Q1 2024 Investor Letter

2024-05-22 08:15:00 ET

Summary

• Desert Lion Capital is managed by Rudi van Niekerk who is a South African citizen. Due to a growing interest from US and other international investors, Desert Lion Capital was launched to meet the needs of non-South African investors.
• Desert Lion’s Fund returned approximately +4.4% net for the month of April and year-to-date.
• We are in earnings season and the recent results released by Calgro highlight the compelling opportunities in our portfolio and our universe.
• South Africa will hold its general elections on May 29th this year and currently there is a lot of waiting and doing nothing going on in the market.

Dear Partners and Friends,

Desert Lion’s Fund returned approximately +4.4% net for the month of April and year-to-date. This 2024 performance is +8.4% better than the -4.0% decline of the JSE All Share Index (J203) so far in 2024....

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