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1) Nationwide's Multi-Billion Virgin Leap —

Nationwide Building Society acquires Virgin Money for £2.9 billion, signaling major consolidation in UK banking. #BankingMerger
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Hidden Value Gems
$ADM.L FY23 results:

✅Group turnover +31%; EPS +17% (c. 5% below consensus)

✅Loss ratio down to 63.9% (from 70.6%)

✅Combined ratio at 88.7% (96.8% in 2022)

✅UK motor premiums grew above market, customers started to grow in H2 '23

✅The company continues to over-provision with actual loss in UK Motor lower (see chart)

✅Full-year dividend 103p (-8% down YoY) due to higher reported PBT in 2022 under an old IFRS 4 standard

I am long, I think it is a great business with lower insurance risk (due to reinsurance agreement with Munich Re), strong growth and high returns on capital.

The 30-year chart speaks volumes (EPS CAGR +20%, 53% avg ROE).
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Ben's Bites
Inflection AI has marked its attendance in the “GPT-4 class” of models

Their new model, Inflection-2.5, goes toe-to-toe with giants like GPT-4, all while saving a ton on training costs

6M people are using its free chatbot, Pi, every month for hours

Full story: bensbites.beehiiv.com/p/pers…
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The Long Investor
Hang Seng Index HSI

Every time the bottom green support line is held, there is a strong reaction to the upside, dating back to 1998.

Green line has just been recaptured again this week. $BABA $BIDU $KWEB $JD $NIO $YINN

Hang Seng Index

When I say you are buying the Chinese market at the bottom, here are the facts:

The Green support line was held during:

-The Asian Financial Crisis in 1998
-The Dot Com bubble Crash
-The 2008 Great Financial Crash
-The 2020 Covid Crash
-And the 2023 Real Estate/deflation issues.

Each time the Chinese Government stepped in, as XI announced again yesterday to increase recovery and stimulus.

Once this line is held, there will be a recovery.

$BABA $KWEB $NIO $LI $BIDU - The Long Investor
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The Long Investor
$BTC 3.618 Fib level is at $82,152

This will mean that it has gone very extended but the ETF's are buying this up hand over fist before the halving event.
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The Long Investor
Who wants an $ETH long term chart?
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The Long Investor
$META chart attached from October 27th 2022 when we caught the bottom at $87.

Now can we catch the Top at $523?

$META hit right on the support line, I do not think the bottom is in yet.

$85 target. - The Long Investor
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The Long Investor
$YINN whos in here?

HSI showing signs of breaking out today.....so $YINN is looking good in the PM now.

A 3 X Bull ETF so proceed with caution.....BUT if the HSI confirms its breakout, $YINN is looking good here. - The Long Investor
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The Long Investor
If the HSI reverses when the $SPY starts its correction, I will be removing the Bull statue from Wall St and replacing it with the statue of TLI.
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