Offshore
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Librarian Capital
Among the top 7 Rightmove $RMV holders:
6 have "indirect" holdings
1 has direct holding in ADR (in US)
One of my bug bears is people complaining about Stamp Duty as an impediment on UK market
It's just not a thing
You don't pay Stamp Duty with CFDs https://t.co/ztI3PHFD5S
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Among the top 7 Rightmove $RMV holders:
6 have "indirect" holdings
1 has direct holding in ADR (in US)
One of my bug bears is people complaining about Stamp Duty as an impediment on UK market
It's just not a thing
You don't pay Stamp Duty with CFDs https://t.co/ztI3PHFD5S
Rightmove $RMV 2023 annual report refers to an "indirect" ownership of 5.35% by Marathon
Similar references appeared in 2022 annual report (5.20%) and 2021 (5.06%)
This is on the same 42,877,709 voting rights
RMV share count shrinking due to buybacks
Marathon was 6.79% (59,307,550) in 2020 tweet
Offshore
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iinvested
1/2
2Q'24 Ensemble Fund on $VEEV
More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/pfDH7XDpCn
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1/2
2Q'24 Ensemble Fund on $VEEV
More fund letters here:
https://t.co/WRGkdL2eBG https://t.co/pfDH7XDpCn
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Offshore
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Bourbon Capital
Dividend ex-dates for this week, for those who love dividend-paying stocks.
Which of these companies do you like for their dividends?
$MCD $NKE $BAC $PEP $O https://t.co/YO4SABvbxM
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Dividend ex-dates for this week, for those who love dividend-paying stocks.
Which of these companies do you like for their dividends?
$MCD $NKE $BAC $PEP $O https://t.co/YO4SABvbxM
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Offshore
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Librarian Capital
4Imprint: Norges Bank bought another ~1%
Now 4.01% stake, making it 7th largest holder
$FOUR down 21% since 52-week high
At 5,330p (~$70), at 18.5x 2023 EPS ($3.779)
24H1 revenue +5%, EBIT +10%, EPS +10%
Expects FY sales growth "similar" to H1, better margin https://t.co/1rPI1WjtGa
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4Imprint: Norges Bank bought another ~1%
Now 4.01% stake, making it 7th largest holder
$FOUR down 21% since 52-week high
At 5,330p (~$70), at 18.5x 2023 EPS ($3.779)
24H1 revenue +5%, EBIT +10%, EPS +10%
Expects FY sales growth "similar" to H1, better margin https://t.co/1rPI1WjtGa
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Offshore
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Hidden Value Gems
RT @HiddenValueGems: An interesting case of a market laggard 👉🏽 $ABNB
✅The stock is down 25% in the past 6 months, the only stock in its peer group to be down in the past 12 months (-12%).
✅ "Wall Street expects the company’s gross bookings to grow 11% this year compared with the 4%-to-6% range seen for rival online travel marketplaces Expedia EXPE and Booking. Analysts also expect Airbnb’s revenue growth to stay in the double-digit range for at least the next four years."
✅ A huge TAM and growth potential: about nine people book a hotel room for every one person who books an Airbnb, according to the CEO Brian Cesky. Getting one of those guests to book on Airbnb would double guest nights on the platform from 0.5bn to 1bn a year.
✅Airbnb is also on the cusp of adding new services and offerings to its mix: a host marketplace, new travel-related services for guests and sponsored listings etc.
✅Airbnb is now trading at near a record low of 17x projected FCF, a 20% discount to Uber and DoorDash.
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RT @HiddenValueGems: An interesting case of a market laggard 👉🏽 $ABNB
✅The stock is down 25% in the past 6 months, the only stock in its peer group to be down in the past 12 months (-12%).
✅ "Wall Street expects the company’s gross bookings to grow 11% this year compared with the 4%-to-6% range seen for rival online travel marketplaces Expedia EXPE and Booking. Analysts also expect Airbnb’s revenue growth to stay in the double-digit range for at least the next four years."
✅ A huge TAM and growth potential: about nine people book a hotel room for every one person who books an Airbnb, according to the CEO Brian Cesky. Getting one of those guests to book on Airbnb would double guest nights on the platform from 0.5bn to 1bn a year.
✅Airbnb is also on the cusp of adding new services and offerings to its mix: a host marketplace, new travel-related services for guests and sponsored listings etc.
✅Airbnb is now trading at near a record low of 17x projected FCF, a 20% discount to Uber and DoorDash.
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