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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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Hidden Value Gems
RT @verdadcap: Today’s 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: Today’s 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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Hidden Value Gems
Great question 👇🏼
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Great question 👇🏼
Forbes has a list of the 𝗿𝗶𝗰𝗵𝗲𝘀𝘁 𝗽𝗲𝗼𝗽𝗹𝗲 in the world
Why are no day traders on there? https://t.co/srqxZzsSaK tweet
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Hidden Value Gems
Someone is building a very wide moat here 👇🏼
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Someone is building a very wide moat here 👇🏼
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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Capital Employed
Tomorrow we are publishing an epic best stock pitches newsletter 🔥
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 🔥
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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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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Librarian Capital
L'Oréal $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 €500m buyback
$EL -2.5% https://t.co/3Jg8Pjo8R1
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L'Oréal $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 €500m buyback
$EL -2.5% https://t.co/3Jg8Pjo8R1
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Hidden Value Gems
RT @HiddenValueGems: $BABA +5% in HK today on plans to start charging a basic software service fee of 0.6% on confirmed transactions for vendors on both the Tmall and Taobao.
The company earns the majority of its Taobao and Tmall revenue through customer management fees, which merchants pay to advertise products or better tailor their offerings.
The shift to a percentage-based fee structure makes Alibaba the last major e-commerce platform to do so. PDD started charging merchants a technical service fee of about 0.6%-1% of gross merchandise value since 2020, while https://t.co/fV3WQ0LDyp Inc. and ByteDance both levied a 0.6% fee rate last year.
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RT @HiddenValueGems: $BABA +5% in HK today on plans to start charging a basic software service fee of 0.6% on confirmed transactions for vendors on both the Tmall and Taobao.
The company earns the majority of its Taobao and Tmall revenue through customer management fees, which merchants pay to advertise products or better tailor their offerings.
The shift to a percentage-based fee structure makes Alibaba the last major e-commerce platform to do so. PDD started charging merchants a technical service fee of about 0.6%-1% of gross merchandise value since 2020, while https://t.co/fV3WQ0LDyp Inc. and ByteDance both levied a 0.6% fee rate last year.
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Hidden Value Gems
RT @HiddenValueGems: Quote of the day #53
#StockMarket #Investing #Stocks https://t.co/hj1pZZPBcH
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RT @HiddenValueGems: Quote of the day #53
#StockMarket #Investing #Stocks https://t.co/hj1pZZPBcH
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Finding Compounders
An Article on Francis Chou
The Chou Associates Fund has achieved compounded returns of about 16% a year for 24 years . https://t.co/VBHnlwKZ1o
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An Article on Francis Chou
The Chou Associates Fund has achieved compounded returns of about 16% a year for 24 years . https://t.co/VBHnlwKZ1o
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