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Librarian Capital
L'Oréal buys 10% stake in Galderma for partnership
"To work towards a strategic scientific partnership"
"Will not seek to be represented at Galderma’s Board"
"Off-market block trade with the EQT-led consortium"
Price "non-disclosed", funded by existing cash/credit
$OR $GALD https://t.co/7Mjei0d7hQ
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L'Oréal buys 10% stake in Galderma for partnership
"To work towards a strategic scientific partnership"
"Will not seek to be represented at Galderma’s Board"
"Off-market block trade with the EQT-led consortium"
Price "non-disclosed", funded by existing cash/credit
$OR $GALD https://t.co/7Mjei0d7hQ
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Hidden Value Gems
The Mag7 stocks are down 15% in a month, still up 31% year-to-date. https://t.co/lkAxIRlQrm
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The Mag7 stocks are down 15% in a month, still up 31% year-to-date. https://t.co/lkAxIRlQrm
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Hidden Value Gems
$OCI.AS seems to be on track with its break-up plan. A good deal selling a ‘blue’ ammonia plant in Texas to Woodside for $2.35B. This is 44% of OCI mkt cap.
“Sawiris has already struck deals to sell other parts of OCI. Last December, the group agreed to offload two fertiliser holdings for about $3.6bn apiece, to Adnoc and Koch Industries.”
“In its end-of-year earnings for 2023, OCI said it would distribute at least $3bn to shareholders this year.”
via @FT
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$OCI.AS seems to be on track with its break-up plan. A good deal selling a ‘blue’ ammonia plant in Texas to Woodside for $2.35B. This is 44% of OCI mkt cap.
“Sawiris has already struck deals to sell other parts of OCI. Last December, the group agreed to offload two fertiliser holdings for about $3.6bn apiece, to Adnoc and Koch Industries.”
“In its end-of-year earnings for 2023, OCI said it would distribute at least $3bn to shareholders this year.”
via @FT
Never looked at $OCI in detail. Looks like an activist shareholder and the controlling family are aligned to unlock the value through asset sales and potential dividends?
A story in the @FT https://t.co/l3hNKyrYwI tweet
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Invest In Assets 📈
RT @InvestInAssets: Terry Smith is considered the Warren Buffett of Britain.
In 2010 Terry founded "Fundsmith" which has beaten the index by a substantial amount with a CAGR of 15.6%
Studying his investing strategy is more valuable than a degree in Finance
Let's break it down: https://t.co/s6w42nkpP5
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RT @InvestInAssets: Terry Smith is considered the Warren Buffett of Britain.
In 2010 Terry founded "Fundsmith" which has beaten the index by a substantial amount with a CAGR of 15.6%
Studying his investing strategy is more valuable than a degree in Finance
Let's break it down: https://t.co/s6w42nkpP5
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Hidden Value Gems
RT @HiddenValueGems: $BRK.A Q2 highlights:
✅ Buffett sells half of $AAPL stake, worth c $88B. Probably expects less upside in Apple and higher taxes in the future. Not sure a big strategic acquisition is on the cards…
✅ Cash pile at $277B, almost 30% of the Mkt Cap. A great position if we enter tough times.
✅ Insurance float at $169B.
✅ After-tax operating profit rose 15% to $11.6B, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.
✅ Bought back just $345M of stock in the period, one of the lowest quarterly totals in several years. That compares with $2.6B in Q1 2024 and $2.2B in Q4 2023.
✅ Book value per share rose to a record $419,000 per class A share from $398,000 on March 31, 2024. The gain in book value was driven by operating profits and the rise in value of Berkshire’s equity portfolio, which totaled $285B. Berkshire’s stock now trades for about 1.5x the book value.
✅ Geico’s combined ratio was 83% in the second quarter, down from 95% a year earlier.
✅ Profit at Burlington Northern Santa Fe, the railroad business, was down slightly to $1.2B after taxes in the second quarter from $1.3B a year earlier, and profit at Berkshire’s utility operations (Berkshire Hathaway Energy) declined to $655M from $785M a year earlier.
$BRK.A $BRK.B #BRK
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RT @HiddenValueGems: $BRK.A Q2 highlights:
✅ Buffett sells half of $AAPL stake, worth c $88B. Probably expects less upside in Apple and higher taxes in the future. Not sure a big strategic acquisition is on the cards…
✅ Cash pile at $277B, almost 30% of the Mkt Cap. A great position if we enter tough times.
✅ Insurance float at $169B.
✅ After-tax operating profit rose 15% to $11.6B, driven by higher insurance underwriting profits and increased income on the company’s large cash holdings.
✅ Bought back just $345M of stock in the period, one of the lowest quarterly totals in several years. That compares with $2.6B in Q1 2024 and $2.2B in Q4 2023.
✅ Book value per share rose to a record $419,000 per class A share from $398,000 on March 31, 2024. The gain in book value was driven by operating profits and the rise in value of Berkshire’s equity portfolio, which totaled $285B. Berkshire’s stock now trades for about 1.5x the book value.
✅ Geico’s combined ratio was 83% in the second quarter, down from 95% a year earlier.
✅ Profit at Burlington Northern Santa Fe, the railroad business, was down slightly to $1.2B after taxes in the second quarter from $1.3B a year earlier, and profit at Berkshire’s utility operations (Berkshire Hathaway Energy) declined to $655M from $785M a year earlier.
$BRK.A $BRK.B #BRK
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Librarian Capital
"UK motor premiums fall for 1st time in 2 years" (ABI)
24Q2 average motor premium -2% q/q (Q1: +1% q/q)
At £622, avg. premium is +21% y/y (23Q2: £511)
24Q2 avg. claim costs +0.4% q/q (Q1: +8% q/q)
$ADM shares -2.4% today, +24.3% LTM https://t.co/aCaYTZPIYT
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"UK motor premiums fall for 1st time in 2 years" (ABI)
24Q2 average motor premium -2% q/q (Q1: +1% q/q)
At £622, avg. premium is +21% y/y (23Q2: £511)
24Q2 avg. claim costs +0.4% q/q (Q1: +8% q/q)
$ADM shares -2.4% today, +24.3% LTM https://t.co/aCaYTZPIYT
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