TDM Quarterly 

 We are always excited to give you a peek under the hood, so to speak. We will be sharing our favourite articles, podcasts and publications, as well as all the news from the companies we’re investing in

Portfolio News - QBiotics

TDM has completed a $50 million investment in QBiotics, an Australian, unlisted public biotechnology company headquartered in Brisbane. 

Despite having many of the world’s leading healthcare institutions and minds, only one stand-alone, global pharmaceutical biotech category leader has been founded in Australia, that being CSL. We believe QBiotics has the potential to be the second. QBiotics discovers and develops pharmaceutical drugs by identifying biologically active small molecules in one of the most biodiverse environments in the world – the rainforests of Far North Queensland.

This is a rare and special opportunity and we are excited to become shareholders of a company that could change the lives of many.

QBio's first commercialised drug comes from the native Blushwood tree

Blog -  What do we have to believe from here?

We wrote a client memo in mid February in regards to the current market environment. We have done this just four times in our 16 year history.

Importantly, the idea that higher valuations necessitate more heroic assumptions, or lower future return expectations, to justify holding a position is an investing truism.

We always like to focus our attention on what any investor needs to believe to generate an adequate return for holding an investment from here, with the key question being, “if I bought today, what future returns can I expect?”. We strongly believe you can’t just own an amazing business regardless of valuation.

Read on to find out more in regards to our bottom-up approach to the top-down problem of current market valuations.

'The most significant change to insider trading rules in decades'

TDM has for several years been pushing for reform in how company insiders can trade. Finally it seems, change is a real possibility. Recently Tom Cowan appeared at the Australian Government Senate select enquiry into the matter of founder sell downs. 

If interested, you can also read our whitepaper on the issue first published in 2018

Also, the full Hansard transcript from the enquiry can be found here

TDM Foundation Update - CS in Schools

The TDM Foundation was established on the belief that every one of us has the right to equality of opportunity. We want to remove the barriers that stand in the way of every Australian being able to reach their potential, and plan to allocate $100 million over the next ten years to help achieve this. 

We are thrilled to add CS  in Schools to the not-for-profits that we are supporting in 2021 and beyond. Hugh Williams, CEO of CS in Schools is a formidable member of the global technology scene, having been a VP at both Google and eBay, now with the mission of  helping Australian students learn industry-relevant digital technology and computer science at schools.

We're hiring!

We are  looking for a high performing Financial Controller to lead our new accounting team. Reporting to the CFO, you will be running the day-to-day financial operations within TDM. 

 "Investing in and helping build businesses we are proud of"