⁠Librarian Capital
"The great Melrose cashflow conundrum" (FT Alphaville)

One of things mentioned was $MRO had not booked charges from $RTX GTF "powder metal" issue

MRO is 4% GTF program partner
Est. share of $6-7bn program costs was ~£200m "if it was assumed that this is all a programme cost." https://t.co/zjAg5Czm2s

The great Melrose cashflow conundrum https://t.co/9bqxbRHPns - FT Alphaville
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⁠Librarian Capital
"Toscafund’s retreat from focus on financials marks end of an era" (FT)

"Toscafund (is) chaired by Martin Gilbert, co-founder of Aberdeen Asset Management, which became Abrdn"

$ASTO $ABDN https://t.co/zptz5NGBEG

Excl: Toscafund, founded by former Tiger hedge fund managers, has restructured and will no longer focus on financials. Johnny de la Hey, who left earlier this year, has set up a company: https://t.co/Bh1eesSZoq - Emma Dunkley
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⁠Stock Analysis Compilation
Mayar Capital on Vestas $VWS DC

Thesis: Vestas' leadership in wind energy, supported by its strong servicing business and substantial R&D investments, positions it for sustained profitability and resilience in a growing global market

(Extract from their Q2 letter) https://t.co/mJpPDD8RPN
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⁠Invest In Assets 📈
Superinvestors like Terry Smith, Li Lu, and Bill Ackman have reported their 13F filings.

Let's take a look at some of the large moves: https://t.co/BUYnbYMv2d
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⁠Invest In Assets 📈
Ulta Beauty $ULTA trades at 14.3 times forward PE
ROIC 5Y is 24%
Operating margin is 14.5%
Long-term EPS growth expectations is +11.7%

Is Ulta attractive at the current price? https://t.co/AzIycNdTsC
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⁠iinvested
2Q'24 Baron Asset Fund on $X.AI (Private), $VMC

X is valued at $24 billion per the latest round

Read the full letter here:
https://t.co/WRGkdL2eBG https://t.co/JXbK00B0JT
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