Rear Window

Bevan Slattery's 10-bagger spreads the love

Tom RichardsonJournalist

Sep 29, 2020 – 5.25pm

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The (paper) riches keep rolling in for internet services entrepreneur and small-cap tech investor Bevan Slattery. On July 14, Mr Slattery invested $2.5 million into 3D-mapping business Pointerra via a placement of 50 million shares at 5¢ each.

At the time, Slattery said he was making the investment as he understood the exponential growth in geospatial data ahead. Not mentioned if surely implied: the potential for an exponentially growing share price. Slattery's investment is now up nearly 11-fold since July 14 to turn $2.5 million investment into $27 million in just two-and-a-half months.

Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate.