Offshore
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Hidden Value Gems
Another set of strong results, raised FY24 guidance.
8% buyback yield, 10x P/E.
I think this is a candidate for a 10x bagger even from these levels (in about 15 years).
$AER https://t.co/8VeHVXJMgp
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Another set of strong results, raised FY24 guidance.
8% buyback yield, 10x P/E.
I think this is a candidate for a 10x bagger even from these levels (in about 15 years).
$AER https://t.co/8VeHVXJMgp
$AER should be a big beneficiary here too…leading owner of airplanes and jet engines…trading at c 1x P/B, but if asset value is 10-20% higher and with 75% of assets financed with debt, its market value of equity could be 60% higher.
Trading at c. 10x PE, close to 10% buyback yield. tweet
Offshore
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Librarian Capital
Many forget how fragmented alcohol industry is
Total Beverage Alcohol (TBA) is ~40% Beer by value
International Spirits only 20-25%
Diageo $DGE $DEO trying to go from 4% of TBA to 6%; whether it grows can be independent of big sector things like alcohol addiction & GLP-1 drugs https://t.co/opizzG2hg5
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Many forget how fragmented alcohol industry is
Total Beverage Alcohol (TBA) is ~40% Beer by value
International Spirits only 20-25%
Diageo $DGE $DEO trying to go from 4% of TBA to 6%; whether it grows can be independent of big sector things like alcohol addiction & GLP-1 drugs https://t.co/opizzG2hg5
"Diageo: FY24 Not That Bad; Growth Outside the Americas"
Shares fell ~10% initially after results and remain near their multi-year low; P/E is ~17x even on FY19 EPS
$DGE $DEO $RI $BF.B $RCO
Article link: https://t.co/mCRPLV05lb https://t.co/Q4FOEeSTnJ tweet
Offshore
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Librarian Capital
Costco $COST: Brief mention in Hosking 24Q2 review
"Two other top ten contributors to performance that can be found towards the crest of the capital cycle curve were 3i and Costco. Via its ownership of European hard discount retailer Action, 3i is very much Costco’s disciple" https://t.co/fISBnnbKdO
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Costco $COST: Brief mention in Hosking 24Q2 review
"Two other top ten contributors to performance that can be found towards the crest of the capital cycle curve were 3i and Costco. Via its ownership of European hard discount retailer Action, 3i is very much Costco’s disciple" https://t.co/fISBnnbKdO
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Offshore
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Librarian Capital
Ingersoll-Rand $IR 24Q2 - Precision & Science Tech segment (for Spirax $SPX Watson-Marlow read-across)
Revenues -1.1% organic; +10.0% with acquisitions
Orders +5.8% organic; +5.8% reported
"Organic order growth was strong across both Life Sciences and the Industrial businesses" https://t.co/93ClyhigDA
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Ingersoll-Rand $IR 24Q2 - Precision & Science Tech segment (for Spirax $SPX Watson-Marlow read-across)
Revenues -1.1% organic; +10.0% with acquisitions
Orders +5.8% organic; +5.8% reported
"Organic order growth was strong across both Life Sciences and the Industrial businesses" https://t.co/93ClyhigDA
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