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β Librarian Capital
"Berkshire Hathaway sells BofA for a 9th-straight day" (CNBC)
$BRK.B sold a total of 18.4m shares from Thu to Mon ... at an average price of $41.65
Over the past 9 trading sessions, BRK has cut its stake by 71.2m shares with ~$3bn of sales"
Still owns 961.6m shares ($39.5bn) https://t.co/7Wm787iRRu
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"Berkshire Hathaway sells BofA for a 9th-straight day" (CNBC)
$BRK.B sold a total of 18.4m shares from Thu to Mon ... at an average price of $41.65
Over the past 9 trading sessions, BRK has cut its stake by 71.2m shares with ~$3bn of sales"
Still owns 961.6m shares ($39.5bn) https://t.co/7Wm787iRRu
Warren Buffett's Berkshire Hathaway sells Bank of America for a ninth-straight day https://t.co/gSFeZdBz2B tweet
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β Hidden Value Gems
Eight steps young investors should follow, according to Soo Chuen, founder of Discerene Group
𧡠ππΌ
1οΈβ£ βSign up for good accounting classes online. Get good at double entry general ledges, debits and credits, by doing lots and lots of them. They're not fun, but they will teach you a lot.β
H/t @Clay_Finck
1/8
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Eight steps young investors should follow, according to Soo Chuen, founder of Discerene Group
𧡠ππΌ
1οΈβ£ βSign up for good accounting classes online. Get good at double entry general ledges, debits and credits, by doing lots and lots of them. They're not fun, but they will teach you a lot.β
H/t @Clay_Finck
1/8
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β Librarian Capital
Philip Morris collaborate with KT&G "on regulatory submissions for those new KT&G heat-not-burn products that $PM selects to commercialize in the US"
"Plan to work on PMTA" but no timetable given
MOU is non-binding
PM licensed rights in Jan-23; selling Lil outside Korea https://t.co/BKbZOk2czi
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Philip Morris collaborate with KT&G "on regulatory submissions for those new KT&G heat-not-burn products that $PM selects to commercialize in the US"
"Plan to work on PMTA" but no timetable given
MOU is non-binding
PM licensed rights in Jan-23; selling Lil outside Korea https://t.co/BKbZOk2czi
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β Hidden Value Gems
RT @verdadcap: Todayβs market conditions are most similar, in reverse chronological order, to the following 8 periods: 2019, 2007, 2000, 1995, 1989, 1979, 1973, and 1969. These periods were generally defined by conditions that encourage risk taking. https://t.co/lP1HP0hCYi
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RT @verdadcap: Todayβs market conditions are most similar, in reverse chronological order, to the following 8 periods: 2019, 2007, 2000, 1995, 1989, 1979, 1973, and 1969. These periods were generally defined by conditions that encourage risk taking. https://t.co/lP1HP0hCYi
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β Hidden Value Gems
Great question ππΌ
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Great question ππΌ
Forbes has a list of the πΏπΆπ°π΅π²ππ π½π²πΌπ½πΉπ² in the world
Why are no day traders on there? https://t.co/srqxZzsSaK tweet
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β Hidden Value Gems
Someone is building a very wide moat here ππΌ
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Someone is building a very wide moat here ππΌ
How much luxury brands have spent on advertising from 2010 to 2023.
Not surprised that LVMH topped the list , but pretty surprised that Richemont came second . https://t.co/kfmbHYdy6i tweet
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β Capital Employed
Tomorrow we are publishing an epic best stock pitches newsletter π₯
Over 40 excellent stock pitches. There's been so many good write-ups in the past few weeks.
https://t.co/jEccgMxHme
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Tomorrow we are publishing an epic best stock pitches newsletter π₯
Over 40 excellent stock pitches. There's been so many good write-ups in the past few weeks.
https://t.co/jEccgMxHme
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β Librarian Capital
Diageo $DGE reporting weak Gin sales in Europe may mean bad news for FeverTree $FEVR
But Gin weakness was only explicitly mentioned in Southern and Northern Europe, not UK
(FEVR FY24H1 results scheduled for 12-Sep) https://t.co/iMFBmgw2EH
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Diageo $DGE reporting weak Gin sales in Europe may mean bad news for FeverTree $FEVR
But Gin weakness was only explicitly mentioned in Southern and Northern Europe, not UK
(FEVR FY24H1 results scheduled for 12-Sep) https://t.co/iMFBmgw2EH
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β Librarian Capital
L'OrΓ©al $OR 24H1 results
Q2 sales +5.3% LfL (+6.7% reported), incl:
Europe +9.7% LfL
N America +3.4%
N Asia -2.4% (China market down in Q2)
SAPMENA-SSA +14.0%
LATAM +12.3%
H1 sales +7.3% LfL, +7.5% reported
EBIT +8.0%
Net Income +3.5%
EPS +3.7%
New β¬500m buyback
$EL -2.5% https://t.co/3Jg8Pjo8R1
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L'OrΓ©al $OR 24H1 results
Q2 sales +5.3% LfL (+6.7% reported), incl:
Europe +9.7% LfL
N America +3.4%
N Asia -2.4% (China market down in Q2)
SAPMENA-SSA +14.0%
LATAM +12.3%
H1 sales +7.3% LfL, +7.5% reported
EBIT +8.0%
Net Income +3.5%
EPS +3.7%
New β¬500m buyback
$EL -2.5% https://t.co/3Jg8Pjo8R1
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