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Capital Employed
81 Q2 letters now added.
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81 Q2 letters now added.
74 Q2 fund manager letters now added. 🖊️
An absolute treasure trove of ideas and insights...
https://t.co/0KI2PTSjEh https://t.co/l0iPUCx2p7 tweet
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Hidden Value Gems
Two interesting facts about the Mid and Small caps:
1️⃣ Their earnings have been flat for the past couple of years.
2️⃣ About 40% of the Russell 2000 universe currently are losing money.
via @yardeni https://t.co/zHI0p0v5q2
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Two interesting facts about the Mid and Small caps:
1️⃣ Their earnings have been flat for the past couple of years.
2️⃣ About 40% of the Russell 2000 universe currently are losing money.
via @yardeni https://t.co/zHI0p0v5q2
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Hidden Value Gems
$BABA +5% in HK today on plans to start charging a basic software service fee of 0.6% on confirmed transactions for vendors on both the Tmall and Taobao.
The company earns the majority of its Taobao and Tmall revenue through customer management fees, which merchants pay to advertise products or better tailor their offerings.
The shift to a percentage-based fee structure makes Alibaba the last major e-commerce platform to do so. PDD started charging merchants a technical service fee of about 0.6%-1% of gross merchandise value since 2020, while https://t.co/fV3WQ0LDyp Inc. and ByteDance both levied a 0.6% fee rate last year.
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$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: Enjoyed the two recent pieces on $WOSG.L
The only obvious risk is the general macro / luxury goods weakness.
1/ Research report by @LlcPlural (35 pages)
2/ Nonsensical Bear Thesis at The Watches of Switzerland Group by @Billhuang1223 https://t.co/5kWDbSlafK
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RT @HiddenValueGems: Enjoyed the two recent pieces on $WOSG.L
The only obvious risk is the general macro / luxury goods weakness.
1/ Research report by @LlcPlural (35 pages)
2/ Nonsensical Bear Thesis at The Watches of Switzerland Group by @Billhuang1223 https://t.co/5kWDbSlafK
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Librarian Capital
Dunning-Kruger effect strikes again
"Bill Ackman has an enviable record as an investor, but as an equity syndicate banker, he’s learning the ropes the hard way ... he appears to have assumed that role in marketing the IPO" - BAML's former global head of ECM https://t.co/UIUzkZxdnZ
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Dunning-Kruger effect strikes again
"Bill Ackman has an enviable record as an investor, but as an equity syndicate banker, he’s learning the ropes the hard way ... he appears to have assumed that role in marketing the IPO" - BAML's former global head of ECM https://t.co/UIUzkZxdnZ
Bill Ackman’s four unfortunate IPO snafus https://t.co/DUU7mhn3UQ tweet
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Librarian Capital
FREE Philip Morris $PM sample article after Q4 results
We have been publishing a link to this as a free sample, but the link stopped working at some point
The issue has now been fixed. You also can access the article on the link below below
https://t.co/PME300n68J https://t.co/V6aOrhhXsl
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FREE Philip Morris $PM sample article after Q4 results
We have been publishing a link to this as a free sample, but the link stopped working at some point
The issue has now been fixed. You also can access the article on the link below below
https://t.co/PME300n68J https://t.co/V6aOrhhXsl
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Offshore
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Librarian Capital
Cranswick $CWK Apr-Jun update
Revenue +6.4% LfL, +6.7% in £
"Strong volume growth"; share gains & customers' return to promo activity
Export volume "strongly ahead", "offset by reduced pricing" in Far East and EU
"Early signs that Far East prices are starting to firm"
cc $GNS https://t.co/cup0eIGtel
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Cranswick $CWK Apr-Jun update
Revenue +6.4% LfL, +6.7% in £
"Strong volume growth"; share gains & customers' return to promo activity
Export volume "strongly ahead", "offset by reduced pricing" in Far East and EU
"Early signs that Far East prices are starting to firm"
cc $GNS https://t.co/cup0eIGtel
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