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Hidden Value Gems
GMO highlighted the key differences between the Top 10 stocks today and in 2000:
🧵👇🏼
1️⃣ “In 2000, the price-to-earnings ratio of the top 10 was 60x. Earnings had increased by 22% pa in the previous 5 years. Even if the fundamental return expectation of 19% p.a. had been delivered and stock prices held, the top 10’s multiple would have still exceeded 25x by 2005.”
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GMO highlighted the key differences between the Top 10 stocks today and in 2000:
🧵👇🏼
1️⃣ “In 2000, the price-to-earnings ratio of the top 10 was 60x. Earnings had increased by 22% pa in the previous 5 years. Even if the fundamental return expectation of 19% p.a. had been delivered and stock prices held, the top 10’s multiple would have still exceeded 25x by 2005.”
1/4
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Offshore
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Librarian Capital
Reversal in UK bank stocks after yesterday's rate cut
NatWest $NWG down 5.7%
Now 1.1x P/TBV (304p), 5.2% Dividend Yield (17.5p)
Lloyds $LLOY down 8.1%
Now 1.1x P/TBV (496.6p), 5.2% Dividend Yield (2.9p)
Previous research via link on our profile https://t.co/DjSGovL3Dn
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Reversal in UK bank stocks after yesterday's rate cut
NatWest $NWG down 5.7%
Now 1.1x P/TBV (304p), 5.2% Dividend Yield (17.5p)
Lloyds $LLOY down 8.1%
Now 1.1x P/TBV (496.6p), 5.2% Dividend Yield (2.9p)
Previous research via link on our profile https://t.co/DjSGovL3Dn
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Offshore
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Librarian Capital
Amazon 24Q2 AWS Net Sales +19% y/y to $26.3bn
$9.33bn EBIT implies 35.5% margin
So $AMZN AWS grew less than Big 3 peers
$MSFT Azure & Other Cloud Services sales +29% y/y
$GOOG Google Cloud revenues +29% to $10.3bn in Q2
EBIT nearly tripled ($1.17bn) but still just 11.3% margin https://t.co/MJ0HK9BTnC
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Amazon 24Q2 AWS Net Sales +19% y/y to $26.3bn
$9.33bn EBIT implies 35.5% margin
So $AMZN AWS grew less than Big 3 peers
$MSFT Azure & Other Cloud Services sales +29% y/y
$GOOG Google Cloud revenues +29% to $10.3bn in Q2
EBIT nearly tripled ($1.17bn) but still just 11.3% margin https://t.co/MJ0HK9BTnC
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Offshore
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Hidden Value Gems
Quote of the day #56
#CapitalAllocation #Investing #Stocks https://t.co/ygl7JDBWM6
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Quote of the day #56
#CapitalAllocation #Investing #Stocks https://t.co/ygl7JDBWM6
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Offshore
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Bamboo
Patience, diversification, and regular investing are the keys to building lasting wealth.
What are some long term goals you’re investing for? https://t.co/ZfzCg2QrgF
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Patience, diversification, and regular investing are the keys to building lasting wealth.
What are some long term goals you’re investing for? https://t.co/ZfzCg2QrgF
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Hidden Value Gems
RT @HiddenValueGems: An interesting take on the economics of Olympic games 🥇by @azimbalitw at @joincolossus.
Here are my takeaways 🧵👇
1️⃣The price: The Paris 2024 Olympics is expected to cost $9B, which is an “improvement” over previous games. The 2020 Tokyo Olympics cost $35B, and the 2014 Sochi Winter Games an astounding $60B.
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RT @HiddenValueGems: An interesting take on the economics of Olympic games 🥇by @azimbalitw at @joincolossus.
Here are my takeaways 🧵👇
1️⃣The price: The Paris 2024 Olympics is expected to cost $9B, which is an “improvement” over previous games. The 2020 Tokyo Olympics cost $35B, and the 2014 Sochi Winter Games an astounding $60B.
1/10
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Offshore
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Librarian Capital
Diageo CEO Debra Crew (DC) and BAT CFO Soraya Benchikh (SB) both worked at $DGE + $BATS, overlapping at both companies
SB was promoted at DE when DC was COO
But DC utimately hired an external as new DGE CFO
SB spent 20+ years at BAT; DC didn't
DC started on US side; SB didn't https://t.co/QH3thbOQAU
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Diageo CEO Debra Crew (DC) and BAT CFO Soraya Benchikh (SB) both worked at $DGE + $BATS, overlapping at both companies
SB was promoted at DE when DC was COO
But DC utimately hired an external as new DGE CFO
SB spent 20+ years at BAT; DC didn't
DC started on US side; SB didn't https://t.co/QH3thbOQAU
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Offshore
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Finding Compounders
David Einhorn’s Speech at the Value Investing Congress in 2006.
He goes into and explains how to look at ROE( Return on Equity) https://t.co/iO7ya1rKck
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David Einhorn’s Speech at the Value Investing Congress in 2006.
He goes into and explains how to look at ROE( Return on Equity) https://t.co/iO7ya1rKck
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