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Tom Richardson

Bevan Slattery's 10-bagger spreads the love

Tom RichardsonJournalist

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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.

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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. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/rear-window/bevan-slattery-s-10-bagger-spreads-the-love-20200929-p5607h