⁠Librarian Capital
Troy Income Fund on Bunzl $BNZL

"Margin improvement ... value-accretive, bolt-on acquisitions ... (and) buyback of their own shares"

"Free cash flow yield of almost 6%, whilst having consistently grown FCF per share at a high single digit annual rate for over 2 decades" https://t.co/zleapO2SQy
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⁠Librarian Capital
At Schroder's $SDR, 5% of Equities AUM are in UK
This means ~£5.8bn, or ~2% of all AUM

4.4% of UK pension assets are in UK equities, according to New Financial (as reported in the FT)

Mutual Funds (i.e. Retail) are ~20% of AUM
Part of Private Markets (13%) is also Retail https://t.co/D30xQm6N5o
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⁠Investing visuals
On Monday 23 September, Palantir $PLTR will finally join the S&P500. Here's an overview of the company👇🔍 https://t.co/XxddLGrdyq
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⁠Librarian Capital
Estée Lauder $EL: Outgoing CFO Tracy Travis at Barclays conference (3-Sep)

1/ Emerging Markets are "around 10%" of sales

NB. China (incl. TR) was 26% of EL sales in FY24

By contrast, L'Oréal $OR generated more sales from EM than from China as of H1 2024 (both ~17%) https://t.co/MzdYNQ9Vk3
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⁠Stock Analysis Compilation
Riverwater Partners on Aris Water Solutions $ARIS US

Thesis: Aris Water Solutions’ sustainable water recycling model and strong infrastructure provide a significant competitive advantage in the oil and gas industry

(Extract from their Q2 letter) https://t.co/qPkYneVSq3
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⁠Librarian Capital
At Haypp $HAYPP, 5 of the top 8 executives used to work at British American Tobacco $BATS $BTI, including both CEO Gavin O’Dowd and CFO Peter Deli https://t.co/iVGcJwNdt4
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⁠Stock Analysis Compilation
Davis fund on Development Bank of Singapore $DBS SP

Thesis: DBS’s stronghold in low-cost funding and wealth management, combined with its advanced digital banking platform, positions it for continued growth and resilience in Asia

(Extract from their Q2 letter) https://t.co/Ld3Q4R2VWE
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⁠Librarian Capital
Everything is relative, nicotine pouches edition

Philip Morris $PM: "https://t.co/VquFODnUIM sales have represented a very small percentage of nationwide ZYN volumes"

$HAYPP: "the temporary closure of https://t.co/QDdqBbaQS0 has shifted some consumers to Haypp sites" https://t.co/XjCqmMq8ue
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⁠Librarian Capital
Haypp 2021 IPO: everyone sold some, including CEO

CEO Gavin O'Dowd sold half his $HAYPP holding then
His current holding (1,012,391) is 7% lower than at IPO https://t.co/NIRY7021XU
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