Running around today. Nutstuff is out tomorrow/ thursday…
“I dread our own mistakes more than the enemy’s intention.” Thucydides
“Democracy substitutes election by the incompetent many for appointment by the corrupt few.” George Bernard Shaw.
NEWYORKNEWYORK! Rather amazing to think 9/ 11 was 8821 days ago.
New York is waking to the London/ Sadiq Khan playbook, reheated and served with an American accent. Mamdani’s win in New York isn’t just a political upset, it’s a cultural declaration the moment their key metropolis officially decoupled from the nation. A 34-year-old Ugandan-born Shia socialist now running the city once ruled by Giuliani tells you everything about where urban politics has gone: it’s no longer about competence or crime, it’s about signalling virtue and demographic destiny. Maybe nations need a constant reminder of what not to do, ask if there is any chance N.Y.’s sacrifice may actually do some good?
What is very clear is that the same moral theatre that turned London into a sermon now marches through Manhattan. For Trump, it’s a humiliation; for the rest of us, it’s a warning that the West’s capitals are becoming cathedrals of ideology rather than cities that work.
GEOPOLITICS: Only those not understanding “the rise of the oppressed and revenge of the colonised” a thematic for the last 3 yrs+ in Nutstuff think it is insane that a socialist was just elected mayor of the financial capital of the world.
Yes, the Rich are fleeing the UK, and now probably will New York.
Where can the 0.01% now live?! Money goes to where it is treated best.
Amazing to think that in the UK the 0.01% ( top 4000 people) pay more than the bottom 8m and the top 100 payers of tax contribute more than entire North sea!
MARKETS & PORTFOLIO:Yes yes its been give-back time. Nutstuff has made few changes. I dont own PALANTIR and sold my AMD which would be the short vs a GOOGL long. ( more on stocks tomorrow).
Markets have just endured a violent 48-hour rotation high beta liquidated, value bid driven by liquidity starvation as the U.S. Treasury’s General Account hoarded over $1 trillion in cash during the government shutdown. That dynamic I still sense is about to reverse. With the shutdown likely ending next week (Polymarket odds Nov 8–11) and Trump reeling from election losses and an impending Supreme Court defeat on tariffs, political logic demands a quick restart. Once TGA cash floods back in and the Fed pivots to December cuts, liquidity will again surge, the DXY will roll over, and momentum will reignite into year-end. The opportunity lies in catching this turn early watch Bitcoin, the purest proxy for liquidity’s return. Meanwhile its ironic that Hated and left for dead: Energy now makes up just 2.7% of the S&P500. This apathy to me creates more opportunity .
An investable conclusion: Next stop for New Yorkers= Florida= Buy ST JOE. ( tx HK)
DIGITAL ASSETS: My Nutstuff Blockchain utility parallel universe narrative is really firming up as fatigue hits. Again, we advocate buying the assets that have big business markets behind them where the crypto is invisibly solving a $1T problem, buy them and hold them for a long time, don’t trade shiny Kit Kat wrappers like a magpie. We deeply align with the need for a project like helium or GEODNET which are now showcasing. Yes it’s volatile but it will be liberating.
Nutstuff…
https://nutstuff.co.uk/disclaimer
“I dread our own mistakes more than the enemy’s intention.” Thucydides
“Democracy substitutes election by the incompetent many for appointment by the corrupt few.” George Bernard Shaw.
NEWYORKNEWYORK! Rather amazing to think 9/ 11 was 8821 days ago.
New York is waking to the London/ Sadiq Khan playbook, reheated and served with an American accent. Mamdani’s win in New York isn’t just a political upset, it’s a cultural declaration the moment their key metropolis officially decoupled from the nation. A 34-year-old Ugandan-born Shia socialist now running the city once ruled by Giuliani tells you everything about where urban politics has gone: it’s no longer about competence or crime, it’s about signalling virtue and demographic destiny. Maybe nations need a constant reminder of what not to do, ask if there is any chance N.Y.’s sacrifice may actually do some good?
What is very clear is that the same moral theatre that turned London into a sermon now marches through Manhattan. For Trump, it’s a humiliation; for the rest of us, it’s a warning that the West’s capitals are becoming cathedrals of ideology rather than cities that work.
GEOPOLITICS: Only those not understanding “the rise of the oppressed and revenge of the colonised” a thematic for the last 3 yrs+ in Nutstuff think it is insane that a socialist was just elected mayor of the financial capital of the world.
Yes, the Rich are fleeing the UK, and now probably will New York.
Where can the 0.01% now live?! Money goes to where it is treated best.
Amazing to think that in the UK the 0.01% ( top 4000 people) pay more than the bottom 8m and the top 100 payers of tax contribute more than entire North sea!
MARKETS & PORTFOLIO:Yes yes its been give-back time. Nutstuff has made few changes. I dont own PALANTIR and sold my AMD which would be the short vs a GOOGL long. ( more on stocks tomorrow).
Markets have just endured a violent 48-hour rotation high beta liquidated, value bid driven by liquidity starvation as the U.S. Treasury’s General Account hoarded over $1 trillion in cash during the government shutdown. That dynamic I still sense is about to reverse. With the shutdown likely ending next week (Polymarket odds Nov 8–11) and Trump reeling from election losses and an impending Supreme Court defeat on tariffs, political logic demands a quick restart. Once TGA cash floods back in and the Fed pivots to December cuts, liquidity will again surge, the DXY will roll over, and momentum will reignite into year-end. The opportunity lies in catching this turn early watch Bitcoin, the purest proxy for liquidity’s return. Meanwhile its ironic that Hated and left for dead: Energy now makes up just 2.7% of the S&P500. This apathy to me creates more opportunity .
An investable conclusion: Next stop for New Yorkers= Florida= Buy ST JOE. ( tx HK)
DIGITAL ASSETS: My Nutstuff Blockchain utility parallel universe narrative is really firming up as fatigue hits. Again, we advocate buying the assets that have big business markets behind them where the crypto is invisibly solving a $1T problem, buy them and hold them for a long time, don’t trade shiny Kit Kat wrappers like a magpie. We deeply align with the need for a project like helium or GEODNET which are now showcasing. Yes it’s volatile but it will be liberating.
Nutstuff…
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
❤1
Nutstuff on TESLA: “Pay the Man, Bet the Machine”
Shock horror; Tesla’s shareholders just repeated one of history’s oldest patterns: backing the visionary when logic says don’t. Over 75 % voted to hand Elon Musk 25 % control and a trillion-dollar pay package not for what he’s earned, but for what he might build.
It’s the same wager Lincoln made with the railway barons, Ford made with factory labour, and Steve Jobs made with design itself: “pay the dreamer, and pray the dream pays back”.
Tesla today is less a car company than a proto-civilisation of AI, robotics, and autonomous infrastructure.
Robotaxi networks are rolling out across Miami, Dallas, and Vegas; Optimus robots are inching toward production; and full self-driving is turning Tesla’s installed fleet into a subscription platform.
The internal targets are truly staggering: 20 million cars,10 million FSD users, one million robots, one million Robotaxis, $400 billion in EBITDA but I guess that’s the scale of industrial ambition required to mint the next trillion.
What you heard from Raoul yesterday and likely from Cocaine Cathie ( Wood) and Perennial Bull Dan Ives 😉 is that If these numbers even half-materialise, Tesla’s market cap COULD arguably stretch from today’s $700 billion to $2–3 trillion by 2026 , forget Apple and Saudi Aramco this becomes the most valuable company on Earth.
History calls this “the Ford Moment”: when machinery meets mass adoption and capital multiplies faster than anyone’s imagination. Musk’s pay isn’t salary it’s statecraft. He’s being funded like a 19th-century railway king to build the neural network of the 21st-century economy. Whats clear is the market isn’t just betting on autonomy; it’s betting that Tesla becomes the platform through which the world’s machines learn to think.
https://nutstuff.co.uk/disclaimer
Shock horror; Tesla’s shareholders just repeated one of history’s oldest patterns: backing the visionary when logic says don’t. Over 75 % voted to hand Elon Musk 25 % control and a trillion-dollar pay package not for what he’s earned, but for what he might build.
It’s the same wager Lincoln made with the railway barons, Ford made with factory labour, and Steve Jobs made with design itself: “pay the dreamer, and pray the dream pays back”.
Tesla today is less a car company than a proto-civilisation of AI, robotics, and autonomous infrastructure.
Robotaxi networks are rolling out across Miami, Dallas, and Vegas; Optimus robots are inching toward production; and full self-driving is turning Tesla’s installed fleet into a subscription platform.
The internal targets are truly staggering: 20 million cars,10 million FSD users, one million robots, one million Robotaxis, $400 billion in EBITDA but I guess that’s the scale of industrial ambition required to mint the next trillion.
What you heard from Raoul yesterday and likely from Cocaine Cathie ( Wood) and Perennial Bull Dan Ives 😉 is that If these numbers even half-materialise, Tesla’s market cap COULD arguably stretch from today’s $700 billion to $2–3 trillion by 2026 , forget Apple and Saudi Aramco this becomes the most valuable company on Earth.
History calls this “the Ford Moment”: when machinery meets mass adoption and capital multiplies faster than anyone’s imagination. Musk’s pay isn’t salary it’s statecraft. He’s being funded like a 19th-century railway king to build the neural network of the 21st-century economy. Whats clear is the market isn’t just betting on autonomy; it’s betting that Tesla becomes the platform through which the world’s machines learn to think.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
👍1
URANIUM: Trump family love “enrichment!”
Trump’s sons buying into ASP Isotopes’ uranium arm feels like the moment the family that built hotels decided the next frontier was atoms. Quantum Leap Energy is basically trying to turn uranium enrichment into a venture-capital product with laser precision in a market that’s been a closed (military) shop for decades. It’s the kind of deal that makes you think of BWXT (owned for 3yrs+ and which already mints money from government contracts and submarine reactors) meeting LTBR (owned too and the dreamer with the tech but not the capital) and UEC (also owned with Amir the opportunist building a real uranium empire while the world dithers about “green” taxonomy). The analogy? It’s like SpaceX, Rolls-Royce and a Texas oilman had a love-child and they call it a “climate solution”. The Trumps bring theatre, but the substance here is deadly serious: HALEU is the new lithium, the critical fuel for modular reactors, military satellites and maybe even quantum chips. Whoever controls enrichment capacity arguably controls the next energy cycle. The Americans are realising, too late, that the Russians have 40 % of it. So QLE is both a speculative punt and a sovereignty play: a hedge on a world where AI data centres and reactor fleets start competing for the same enriched isotopes. If BWXT is the Treasury bond of nuclear and LTBR the startup option, then maybe QLE sits right in the middle a convertible note on the atomic future, backed, naturally, by a family who understand alot about enrichment, personally!
https://nutstuff.co.uk/disclaimer
Trump’s sons buying into ASP Isotopes’ uranium arm feels like the moment the family that built hotels decided the next frontier was atoms. Quantum Leap Energy is basically trying to turn uranium enrichment into a venture-capital product with laser precision in a market that’s been a closed (military) shop for decades. It’s the kind of deal that makes you think of BWXT (owned for 3yrs+ and which already mints money from government contracts and submarine reactors) meeting LTBR (owned too and the dreamer with the tech but not the capital) and UEC (also owned with Amir the opportunist building a real uranium empire while the world dithers about “green” taxonomy). The analogy? It’s like SpaceX, Rolls-Royce and a Texas oilman had a love-child and they call it a “climate solution”. The Trumps bring theatre, but the substance here is deadly serious: HALEU is the new lithium, the critical fuel for modular reactors, military satellites and maybe even quantum chips. Whoever controls enrichment capacity arguably controls the next energy cycle. The Americans are realising, too late, that the Russians have 40 % of it. So QLE is both a speculative punt and a sovereignty play: a hedge on a world where AI data centres and reactor fleets start competing for the same enriched isotopes. If BWXT is the Treasury bond of nuclear and LTBR the startup option, then maybe QLE sits right in the middle a convertible note on the atomic future, backed, naturally, by a family who understand alot about enrichment, personally!
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Nutstuff out tomorrow tuesday & friday this week.
Nutstuff in Scotland 🏴 for 2 days. Last night, the 9pm
sleeper to Inverness. Last did it from Olympia 35+ yrs ago with car on it.
I think might have had a smoother ride lying in the back of a pick up truck!
If ever a sign the “web 2.0” railway infrastructure is creaking this is it! Web 3.0 is badly needed but nowhere near on railways!!!
On MKTS: Just as Hedge Funds were feeling good about being short against Retail investors mo mo Longs losing mo, the US Govt shutdown it seems is now about to end, QE is coming (again), Trump is going to juice low earning citizens pockets with $2000 for all HE is worth. Bessent is already juicing liquidity via all as Global M2 sits at all-time highs and worth remembering that Musk led the most authentic attempt at cutting government spending in decades. It failed dismally within 3 months. People yell bloody murder if you cut any programs or if the stock market falls 15%. There is no stopping this train.
So…
PORTFOLIO FOCUS:
What went down 30% in last 2 weeks with indexes only -4% from highs prob now does opposite!
Anyone care to remember what Bitcoin & Ethereum did from 6th Nov to yr end 2024!?
New PORTFOLIO add : 3i in UK ( I am now convinced after a fascinating conversation over the weekend). ( Buy case out tomorrow) .
NUCLEAR ( see 🚀 early moves today) wider Uranium group should follow ASPI move on friday with Trump family buy in.
Digital assets: BMNR MSTR HELIUM/HNT.
VEON: better numbers and still ludicrous valuation =Buy.
Oh and Useful & telling weekend stat: Brazil was Keir Starmer’s 40th foreign trip since July 2024. “He has clocked up more air miles than any Prime Minister so far this century” (Sunday Times).
https://nutstuff.co.uk/disclaimer
Nutstuff in Scotland 🏴 for 2 days. Last night, the 9pm
sleeper to Inverness. Last did it from Olympia 35+ yrs ago with car on it.
I think might have had a smoother ride lying in the back of a pick up truck!
If ever a sign the “web 2.0” railway infrastructure is creaking this is it! Web 3.0 is badly needed but nowhere near on railways!!!
On MKTS: Just as Hedge Funds were feeling good about being short against Retail investors mo mo Longs losing mo, the US Govt shutdown it seems is now about to end, QE is coming (again), Trump is going to juice low earning citizens pockets with $2000 for all HE is worth. Bessent is already juicing liquidity via all as Global M2 sits at all-time highs and worth remembering that Musk led the most authentic attempt at cutting government spending in decades. It failed dismally within 3 months. People yell bloody murder if you cut any programs or if the stock market falls 15%. There is no stopping this train.
So…
PORTFOLIO FOCUS:
What went down 30% in last 2 weeks with indexes only -4% from highs prob now does opposite!
Anyone care to remember what Bitcoin & Ethereum did from 6th Nov to yr end 2024!?
New PORTFOLIO add : 3i in UK ( I am now convinced after a fascinating conversation over the weekend). ( Buy case out tomorrow) .
NUCLEAR ( see 🚀 early moves today) wider Uranium group should follow ASPI move on friday with Trump family buy in.
Digital assets: BMNR MSTR HELIUM/HNT.
VEON: better numbers and still ludicrous valuation =Buy.
Oh and Useful & telling weekend stat: Brazil was Keir Starmer’s 40th foreign trip since July 2024. “He has clocked up more air miles than any Prime Minister so far this century” (Sunday Times).
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Simplest & Sensible Message from Tavi Costa:
“Nvidia is now valued at nearly three times the entire energy sector. Almost 3X!
And no, it doesn’t generate more profit than energy companies in the S&P 500. In fact, the combined free cash flow of this sector over the last year is about 20% higher than Nvidia’s. Tech innovation is incredible but let’s not forget that something still has to power it.”
https://nutstuff.co.uk/disclaimer
“Nvidia is now valued at nearly three times the entire energy sector. Almost 3X!
And no, it doesn’t generate more profit than energy companies in the S&P 500. In fact, the combined free cash flow of this sector over the last year is about 20% higher than Nvidia’s. Tech innovation is incredible but let’s not forget that something still has to power it.”
https://nutstuff.co.uk/disclaimer
The Nutstuff Buy Case for NVIDIA (+4.5% a/ hrs) is now brutally simple: this is the most important stock in the world, priced as though the market still hasn’t understood what it owns. It just beat and raised again! FQ3 once again delivered “rail-baron” economics: revenue +62% to $57bn, operating margins at 66.2%, gross margins at 73.6%, and the Data Centre engine, the core of the global AI industrial build-out exploding 66% to $51.2bn, with Compute +56% and Networking +162%. Gaming softness and a free-cash-flow dip are simply irrelevant noise. The signal is the FQ4 guide of $65bn vs $62bn, margins nudging 75%, and management conceding that Blackwell demand is “off the charts” while cloud GPUs are “sold out”. Training and inference are compounding simultaneously, a once-in-history phenomenon which is why Nvidia’s numbers now resemble 19th-century railroad arithmetic: yes, when you own the only usable track to the frontier, every wagon, miner, merchant and sheriff pays your toll. And yet this “bubbleicious infrastructure monopoly” trades on 26.6x forward earnings, thats cheaper than Costco (48x) and Walmart (34.4x), and ranks as ‘only’ the 63rd most expensive stock in the S&P. Apple sits at 77th, Microsoft 80th, Amazon 129th, Meta 166th and Google 265th the very seven companies generating the bulk of the index’s net income, all arguably still with room for multiple expansion because the market continues to value them like coming accidents vs architecture. At 35–40x forward earnings for 65% profit growth, Nvidia is not a bubble it might just be the tariff structure of the compute-railroad that underpins the 21st century. The Nutstuff view: the AI supercycle is still in its foothills, and Nvidia is the only company laying track faster than demand can appear. You buy the rails. You buy the toll gate. You can buy Nvidia, but I still think there are better tangential things to own. As per my Portfolio…
For those still hungry for Nvidia, how about a delicious slice of Manchester and London IT, which at 798p is trading on a 32% discount to nav? Portfolio has a 42% main course in Nvidia with a 22% dollop of Microsoft for pud. Go on, treat yourself!
https://nutstuff.co.uk/disclaimer
For those still hungry for Nvidia, how about a delicious slice of Manchester and London IT, which at 798p is trading on a 32% discount to nav? Portfolio has a 42% main course in Nvidia with a 22% dollop of Microsoft for pud. Go on, treat yourself!
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Sorry been quiet on Telegram and X….
Plenty on Nutstuff out a minimum of 2x / week…..sign up as above or here in link.
2 things:
CARDIOL/ CRDL: the data really is good. Very good! $6-9 Good! ( details in Nutstuff )
MICROSTRATEGY/ MSTR US:
Sooo much low grade analysis out there.
Honestly the market chatter around MSTR today is a perfect case study in how psychological resentment gets misdiagnosed as liquidity analysis: Michael Saylor has put his head so far above the parapet that a whole constituency in markets is desperate to see him fall the brilliant overachiever who somehow dodged being “bog-washed” and never learned the social lesson that you’re meant to keep your ambition quiet; much of the hostility isn’t however really analytical, in fact most of the analysis is dire, and simply emotional, because every time Bitcoin survives another cycle his critics are forced to confront the possibility that he simply understood the monetary transition earlier than they did.
So here’s facts……
On Nutstuff!
https://nutstuff.co.uk/disclaimer
Plenty on Nutstuff out a minimum of 2x / week…..sign up as above or here in link.
2 things:
CARDIOL/ CRDL: the data really is good. Very good! $6-9 Good! ( details in Nutstuff )
MICROSTRATEGY/ MSTR US:
Sooo much low grade analysis out there.
Honestly the market chatter around MSTR today is a perfect case study in how psychological resentment gets misdiagnosed as liquidity analysis: Michael Saylor has put his head so far above the parapet that a whole constituency in markets is desperate to see him fall the brilliant overachiever who somehow dodged being “bog-washed” and never learned the social lesson that you’re meant to keep your ambition quiet; much of the hostility isn’t however really analytical, in fact most of the analysis is dire, and simply emotional, because every time Bitcoin survives another cycle his critics are forced to confront the possibility that he simply understood the monetary transition earlier than they did.
So here’s facts……
On Nutstuff!
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Morning!
2 things on a couple of key ideas.
KISTOS/ KIST LN: finally looks like some life again. This Oman deal is exactly the kind of cash-generative, low-capex bolt-on the market had given up expecting after two years of drift. Buying into producing onshore assets with 25.6m boe of 2P reserves, 9–10kb/d of immediate uplift, and full funding from existing cash flips the narrative from “stranded North Sea small-cap” to “self-financing Middle East growth story”. At @$5.50/boe acquisition cost, it’s the cheapest barrels Andrew Austin has bought since the early RockRose days!Q The market’s 20%+ jump simply reflects a reset from capitulation pricing. Add in guidance of 50m boe of group reserves next year and 20kb/d output in 2026, and KIST suddenly screens like a 3–4× cashflow name with optionality rather than a bankruptcy-discount UK producer. The five-year chart shows a share price still 70% below the 2022 peak despite fundamentals turning decisively meaning if Andrew delivers even half the ramp, this re-rating cycle is only just beginning.
ROBIN HOOD/ HOOD US: A Key +VE catalyst for RobinHood/ HOOD US: “Prediction markets”.
The new prediction betting craze coming to the UK…
https://www.telegraph.co.uk/business/2025/12/06/the-new-prediction-betting-craze-coming-to-the-uk/
https://nutstuff.co.uk/disclaimer
2 things on a couple of key ideas.
KISTOS/ KIST LN: finally looks like some life again. This Oman deal is exactly the kind of cash-generative, low-capex bolt-on the market had given up expecting after two years of drift. Buying into producing onshore assets with 25.6m boe of 2P reserves, 9–10kb/d of immediate uplift, and full funding from existing cash flips the narrative from “stranded North Sea small-cap” to “self-financing Middle East growth story”. At @$5.50/boe acquisition cost, it’s the cheapest barrels Andrew Austin has bought since the early RockRose days!Q The market’s 20%+ jump simply reflects a reset from capitulation pricing. Add in guidance of 50m boe of group reserves next year and 20kb/d output in 2026, and KIST suddenly screens like a 3–4× cashflow name with optionality rather than a bankruptcy-discount UK producer. The five-year chart shows a share price still 70% below the 2022 peak despite fundamentals turning decisively meaning if Andrew delivers even half the ramp, this re-rating cycle is only just beginning.
ROBIN HOOD/ HOOD US: A Key +VE catalyst for RobinHood/ HOOD US: “Prediction markets”.
The new prediction betting craze coming to the UK…
https://www.telegraph.co.uk/business/2025/12/06/the-new-prediction-betting-craze-coming-to-the-uk/
https://nutstuff.co.uk/disclaimer
The Telegraph
The new prediction betting craze coming to the UK
By offering wagers on anything, websites like Polymarket and Kalshi are shaking up gambling markets
Nutstuff out tomorrow…
Wow! TESLA NEW ATH!
🍃 WEED ON FIRE AGAIN: Portfolio is: TCNNF US/ VFF US / GTBIF US / OGI US / GLASF US.
Focus is: MSOS US CANABIS ETF: “money where mouth is”!
I've been buying a few short dated 2026 MSOS cannabis call options. Its punting money but if they work =30x to 50x+ return. Feels like a good risk reward. ( 🎩 Scott!)
DYNAMITE BLOCKCHAIN/ KAS CN: solid moves here. NAV is going up too. ( is a spec-sit minnow but anyone who cares RWA tokenisation. As an Equity on a specialist fund, this is an interesting/good play…
Buy NFLX: Warner Bros. Discovery has been completely hijacked by deal risk, and the tape is telling you that plainly. -15% absolute and -20% relative to Disney and Comcast in a month, the stock is no longer trading on fundamentals but on an increasingly fragile takeover narrative.
Today’s recommendation by Warner’s board to accept the Netflix bid is the tell: if Netflix is the preferred buyer, there is no incentive for them to raise terms; the feared upside squeeze simply evaporates. More importantly, the Paramount counterbid is now structurally impaired. Jared Kushner’s withdrawal of backing matters less for the headline than for what it implies: Larry Ellison financing credibility is weakening just as Oracle equity rolls over, and political oxygen around the Paramount path is gone. At the same time, Trump’s previously hostile stance towards a Netflix deal looks eminently malleable. Warner’s board backing Netflix is not ideological, it is pragmatic. That closes the asymmetry. WBD now carries all the downside of deal failure with little residual optionality, while Netflix consolidates its position as the only credible global streaming consolidator with balance sheet, scale, and regulatory survivability. This is no longer a spread trade, it is a regime change. Rotate out of WBD. Own Netflix.
https://nutstuff.co.uk/disclaimer
Wow! TESLA NEW ATH!
🍃 WEED ON FIRE AGAIN: Portfolio is: TCNNF US/ VFF US / GTBIF US / OGI US / GLASF US.
Focus is: MSOS US CANABIS ETF: “money where mouth is”!
I've been buying a few short dated 2026 MSOS cannabis call options. Its punting money but if they work =30x to 50x+ return. Feels like a good risk reward. ( 🎩 Scott!)
DYNAMITE BLOCKCHAIN/ KAS CN: solid moves here. NAV is going up too. ( is a spec-sit minnow but anyone who cares RWA tokenisation. As an Equity on a specialist fund, this is an interesting/good play…
Buy NFLX: Warner Bros. Discovery has been completely hijacked by deal risk, and the tape is telling you that plainly. -15% absolute and -20% relative to Disney and Comcast in a month, the stock is no longer trading on fundamentals but on an increasingly fragile takeover narrative.
Today’s recommendation by Warner’s board to accept the Netflix bid is the tell: if Netflix is the preferred buyer, there is no incentive for them to raise terms; the feared upside squeeze simply evaporates. More importantly, the Paramount counterbid is now structurally impaired. Jared Kushner’s withdrawal of backing matters less for the headline than for what it implies: Larry Ellison financing credibility is weakening just as Oracle equity rolls over, and political oxygen around the Paramount path is gone. At the same time, Trump’s previously hostile stance towards a Netflix deal looks eminently malleable. Warner’s board backing Netflix is not ideological, it is pragmatic. That closes the asymmetry. WBD now carries all the downside of deal failure with little residual optionality, while Netflix consolidates its position as the only credible global streaming consolidator with balance sheet, scale, and regulatory survivability. This is no longer a spread trade, it is a regime change. Rotate out of WBD. Own Netflix.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Happy New Year! Brutal reminders right away of reality…
( washington Pizza wait is a key metric to pentagon activity!)!
Well guess what, morality is an optional extra in a “Rules based order”! Caracas scenes overnight simply affirms this and what I hope we have articulated well on connecting geo-political dots.
Nutstuff says again; turn the map upside down and it all makes a bleak sort of sense. Washington is tidying its backyard, deal done with Putin with Donbas etc for Venezuela.
Moscow is finishing its dinner, and everyone else is asked to applaud the process as “stability”. Ukraine drags on not because it must, but because it’s useful but is idiocy: toothless Europe is strong-armed into buying weapons it cannot afford, with money it does not have, for soldiers who are increasingly not there to use it. Russia, meanwhile, has stopped posturing and has started drone farming a territory a kilometre a day, drones humming like flies over a carcass. If no deal. Donbas first, then Odesa and more when the appetite returns. No escalation, no drama just the quiet efficiency of power doing what power always does. What shocks is not the brutality, but the pretence that the ongoing wake up that this isn’t exactly how the world has always worked and armchair Generals and half witted western journalists in the pockets of ever more useless politicians need to wise up. Brutal tragic harsh reality.
https://nutstuff.co.uk/disclaimer
( washington Pizza wait is a key metric to pentagon activity!)!
Well guess what, morality is an optional extra in a “Rules based order”! Caracas scenes overnight simply affirms this and what I hope we have articulated well on connecting geo-political dots.
Nutstuff says again; turn the map upside down and it all makes a bleak sort of sense. Washington is tidying its backyard, deal done with Putin with Donbas etc for Venezuela.
Moscow is finishing its dinner, and everyone else is asked to applaud the process as “stability”. Ukraine drags on not because it must, but because it’s useful but is idiocy: toothless Europe is strong-armed into buying weapons it cannot afford, with money it does not have, for soldiers who are increasingly not there to use it. Russia, meanwhile, has stopped posturing and has started drone farming a territory a kilometre a day, drones humming like flies over a carcass. If no deal. Donbas first, then Odesa and more when the appetite returns. No escalation, no drama just the quiet efficiency of power doing what power always does. What shocks is not the brutality, but the pretence that the ongoing wake up that this isn’t exactly how the world has always worked and armchair Generals and half witted western journalists in the pockets of ever more useless politicians need to wise up. Brutal tragic harsh reality.
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
NUTSTUFF ON VENEZUELA; CONNECTING SOME DOTS: Well well Media Babblers, “Rules based orders”, “illegal invasions” and all that!
So it seems we all like to pretend that invasions come with instruction manuals. Page one: Evil. Page two: Good but regrettable. Page three: Humanitarian, but please don’t shout. In reality, they simply arrive wearing whatever moral coat happens to fit the moment! Sovereignty, that grand off used old word, is treated rather like a speed limit: sacred when it suits us, purely advisory when it doesn’t. We invoke it with misty eyes and sanctimony until it becomes inconvenient, at which point we discover an urgent, previously overlooked enthusiasm for human rights. The rights, one should note, oft self-serving tend to become most visible in countries sitting atop something sticky, black and rather useful and flammable!
The Putin comparison is irresistible because it is also so uncomfortable. He would, of course, make precisely the same argument, protection, legitimacy, history, grievance and he would deliver it with the straight face of a man who believes geography is destiny and tanks are footnotes. Isnt a multipolar world as simple as owning or controlling what goes on in your own back yard?
The difference in interpretation is inconveniently, not about the words but simply the audience interpreting them.
Once you concede that sovereignty can be overridden sometimes, you are no longer in the realm of morals but simply those of whim or taste. Judgement replaces law. Power replaces purity. And my guess is Taiwan, hovering right now quietly in the background, is somewhat nervously taking careful notes. This is why these debates will never end. We are not arguing about right and wrong at all here. We are arguing about who we trust to break the rules and whether we like the look of them when they do.
As for invading France again: it would at least have the virtue of honesty.
Nutstuffs question is an even simpler one: What are the odds that Trump hatched this plan a few weeks ago and just traded Maduro for Zelenskyy with Russia? If I was Zelenskyy, I would be on a plane to Tel Aviv pronto!
https://nutstuff.co.uk/disclaimer
So it seems we all like to pretend that invasions come with instruction manuals. Page one: Evil. Page two: Good but regrettable. Page three: Humanitarian, but please don’t shout. In reality, they simply arrive wearing whatever moral coat happens to fit the moment! Sovereignty, that grand off used old word, is treated rather like a speed limit: sacred when it suits us, purely advisory when it doesn’t. We invoke it with misty eyes and sanctimony until it becomes inconvenient, at which point we discover an urgent, previously overlooked enthusiasm for human rights. The rights, one should note, oft self-serving tend to become most visible in countries sitting atop something sticky, black and rather useful and flammable!
The Putin comparison is irresistible because it is also so uncomfortable. He would, of course, make precisely the same argument, protection, legitimacy, history, grievance and he would deliver it with the straight face of a man who believes geography is destiny and tanks are footnotes. Isnt a multipolar world as simple as owning or controlling what goes on in your own back yard?
The difference in interpretation is inconveniently, not about the words but simply the audience interpreting them.
Once you concede that sovereignty can be overridden sometimes, you are no longer in the realm of morals but simply those of whim or taste. Judgement replaces law. Power replaces purity. And my guess is Taiwan, hovering right now quietly in the background, is somewhat nervously taking careful notes. This is why these debates will never end. We are not arguing about right and wrong at all here. We are arguing about who we trust to break the rules and whether we like the look of them when they do.
As for invading France again: it would at least have the virtue of honesty.
Nutstuffs question is an even simpler one: What are the odds that Trump hatched this plan a few weeks ago and just traded Maduro for Zelenskyy with Russia? If I was Zelenskyy, I would be on a plane to Tel Aviv pronto!
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.
Heck of a Market and Nutstuff Portfolio is already +11% YTD, I am currently writing mondays edition when some changes to the Portfolio will be published!
I honestly remain somewhat incredulous at all the caution and questions ( and utter macro babble) out there..
Those who dont see what is going on and why please try a 1mth trial of NUTSTUFF.
Our Consistency of thematics is paying off.
In terms of Geopolitics and Investments.
2 here to highlight!
Nutstuff “ spec sit” North sea & Energy basket and Uranium baskets are now roaring!
1. NORTH SEA & ENERGY: you’ve all had the Nutstuff UK pitch on ludicrous valuations and the asymmetric opportunities. Add in Offshore services & drillers. Poised for secular growth after many years of underinvestment and debt paydown.
Stocks: 4 of max alpha: REABOLD & ORCADIAN, WFRD & HALIBURTON ( new ‘26 add)
URANIUM; its so boring endlessly talking inevitability. Great to finally see these moves. No, this isn’t about being “pro-nuclear” anymore; it’s simply about betting on who can actually turn uranium into electrons at scale. Nuclear is finally moving from “future solution” to procurement cycle, and equities are responding accordingly. The real tell is where the torque is showing up; not just in the reactor names, but upstream in enrichment and fuel security. Capital should be and now is rotating from AI compute into AI power. And guess what beyond Cameco/ CCJ there is next to no index weight and fook all mkt cap!
Stocks: 4 of max alpha: UEC ASPI LTBR BWXT
Best.
I honestly remain somewhat incredulous at all the caution and questions ( and utter macro babble) out there..
Those who dont see what is going on and why please try a 1mth trial of NUTSTUFF.
Our Consistency of thematics is paying off.
In terms of Geopolitics and Investments.
2 here to highlight!
Nutstuff “ spec sit” North sea & Energy basket and Uranium baskets are now roaring!
1. NORTH SEA & ENERGY: you’ve all had the Nutstuff UK pitch on ludicrous valuations and the asymmetric opportunities. Add in Offshore services & drillers. Poised for secular growth after many years of underinvestment and debt paydown.
Stocks: 4 of max alpha: REABOLD & ORCADIAN, WFRD & HALIBURTON ( new ‘26 add)
URANIUM; its so boring endlessly talking inevitability. Great to finally see these moves. No, this isn’t about being “pro-nuclear” anymore; it’s simply about betting on who can actually turn uranium into electrons at scale. Nuclear is finally moving from “future solution” to procurement cycle, and equities are responding accordingly. The real tell is where the torque is showing up; not just in the reactor names, but upstream in enrichment and fuel security. Capital should be and now is rotating from AI compute into AI power. And guess what beyond Cameco/ CCJ there is next to no index weight and fook all mkt cap!
Stocks: 4 of max alpha: UEC ASPI LTBR BWXT
Best.
❤4
“How about Bitcoin with a seatbelt?!”
Well done Charlie Morris at Byte tree.
BOLD just launched in UK!🇬🇧
Yes, think of BOLD as Bitcoin with a seatbelt. Instead of raw exposure to crypto’s volatility, it pairs Bitcoin with Gold and forces monthly discipline trimming what’s run hot, topping up what’s been left behind. Analogically same destination, fewer crashes. Since 2022 it’s quietly delivered Bitcoin-like returns with Gold-like nerves, using volatility-weighting rather than gut feel.
Ask Why it matters? Well, in a world of expanding money supply, debt-soaked governments and financial repression, scarce assets win but timing kills most investors.
BOLD automates the hard bit.
What to buy: 21Shares Bitcoin & Gold ETP (BOLD in GBP, BOLU in USD) on the LSE. How to buy: any UK investment platform, intraday like a share.
In a world of monetary debasement, think of it as owning the engine (Bitcoin) and the shock absorbers (Gold) in one vehicle built to go the distance without throwing you through the windscreen!
https://nutstuff.co.uk/disclaimer
Well done Charlie Morris at Byte tree.
BOLD just launched in UK!🇬🇧
Yes, think of BOLD as Bitcoin with a seatbelt. Instead of raw exposure to crypto’s volatility, it pairs Bitcoin with Gold and forces monthly discipline trimming what’s run hot, topping up what’s been left behind. Analogically same destination, fewer crashes. Since 2022 it’s quietly delivered Bitcoin-like returns with Gold-like nerves, using volatility-weighting rather than gut feel.
Ask Why it matters? Well, in a world of expanding money supply, debt-soaked governments and financial repression, scarce assets win but timing kills most investors.
BOLD automates the hard bit.
What to buy: 21Shares Bitcoin & Gold ETP (BOLD in GBP, BOLU in USD) on the LSE. How to buy: any UK investment platform, intraday like a share.
In a world of monetary debasement, think of it as owning the engine (Bitcoin) and the shock absorbers (Gold) in one vehicle built to go the distance without throwing you through the windscreen!
https://nutstuff.co.uk/disclaimer
Nutstuff
Disclaimer | Nutstuff
Important Disclosure Statement from North Breache Limited, trading as ‘Nutstuff’.