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Librarian Capital
British American Tobacco $BATS $BTI declared in Dec-20 US Velo capacity will be 60m cans* by 2021
Actual US Velo run-rate as of 24H1: 36.5m cans**
Things have not gone to plan
* Cans; pouch volume was already 162m that year
** 20 pouches / can https://t.co/5CDKbfObre
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British American Tobacco $BATS $BTI declared in Dec-20 US Velo capacity will be 60m cans* by 2021
Actual US Velo run-rate as of 24H1: 36.5m cans**
Things have not gone to plan
* Cans; pouch volume was already 162m that year
** 20 pouches / can https://t.co/5CDKbfObre
"British American Tobacco: Fun While It Lasted? Looking Beyond Rally" $BATS $BTI
Shares have fallen back after a multi-month rally, and structural concerns may be returning in H2
cc: $MO $PM $IMB
https://t.co/axUW3tph51 https://t.co/nvliEMCCwf tweet
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Librarian Capital
Twitter user numbers have fallen fast under Elon Musk
And they are falling even faster in the UK than the US
PS. We posting the same content on other platforms, and replies there are open given fewer bots
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Twitter user numbers have fallen fast under Elon Musk
And they are falling even faster in the UK than the US
PS. We posting the same content on other platforms, and replies there are open given fewer bots
X “active daily users in the UK have dropped from 8mn a year ago to only around 5.6mn now, with more than a third of that fall coming since the summer riots. The same thing is happening elsewhere, and not just in places where the platform has been banned” https://t.co/Dw0hFQKOQH https://t.co/Gv3MaHtV9z tweet
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Librarian Capital
$HAYPP: San Francisco City lawsuit against online retailers (filed 4-Sep)
Northerner among defendants and allegedly failed to follow the law in flavor ban, age & ID verification, labelling and delivery when tested by undercover investigators in Apr-24 https://t.co/r3BnBpboFd
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$HAYPP: San Francisco City lawsuit against online retailers (filed 4-Sep)
Northerner among defendants and allegedly failed to follow the law in flavor ban, age & ID verification, labelling and delivery when tested by undercover investigators in Apr-24 https://t.co/r3BnBpboFd
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Hidden Value Gems
A Reuters article on the threats of tariffs on European luxury goods in China. The country accounts for about a quarter of #LVMH and #KER sales.
The true luxury is when higher prices signal better quality and stimulate more demand. Not sure how bad this would ultimately be for those stocks.
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A Reuters article on the threats of tariffs on European luxury goods in China. The country accounts for about a quarter of #LVMH and #KER sales.
The true luxury is when higher prices signal better quality and stimulate more demand. Not sure how bad this would ultimately be for those stocks.
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Hidden Value Gems
"Dollar-cost averaging would have avoided the repeated missteps that it appears investors made in timing their purchases and sales of sector equity funds. For instance, they added monies in 2014 and 2021, only to see performance slide the following year; and they redeemed assets in 2016, 2018, 2019, and 2022, just before returns snapped back."
Investors have earned 1.1% lower returns than the funds they invested in (in the past 10 years), according to Morningstar.
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"Dollar-cost averaging would have avoided the repeated missteps that it appears investors made in timing their purchases and sales of sector equity funds. For instance, they added monies in 2014 and 2021, only to see performance slide the following year; and they redeemed assets in 2016, 2018, 2019, and 2022, just before returns snapped back."
Investors have earned 1.1% lower returns than the funds they invested in (in the past 10 years), according to Morningstar.
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Librarian Capital
Rightmove confirms new non-binding offer from $REA
341p cash + 0.0422 new REA shras = ~761p total
"Board will carefully consider the Increased Proposal"
$RMV +2.8% to 693p https://t.co/OUyVqzzLfE
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Rightmove confirms new non-binding offer from $REA
341p cash + 0.0422 new REA shras = ~761p total
"Board will carefully consider the Increased Proposal"
$RMV +2.8% to 693p https://t.co/OUyVqzzLfE
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Librarian Capital
Rightmove confirms new non-binding offer from $REA
341p cash + 0.0422 new REA shares = ~761p total
"Board will carefully consider the Increased Proposal"
$RMV +2.8% to 693p https://t.co/KvWnRnSjpe
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Rightmove confirms new non-binding offer from $REA
341p cash + 0.0422 new REA shares = ~761p total
"Board will carefully consider the Increased Proposal"
$RMV +2.8% to 693p https://t.co/KvWnRnSjpe
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Librarian Capital
Two-year anniversary of this masterpiece by Merryn Somerset Webb after the Kwasi Kwarteng mini budget
"The Bank of England might be about to get lucky with Liz Truss"
https://t.co/Wm0hwSY0PX https://t.co/dylzYNJWBo
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Two-year anniversary of this masterpiece by Merryn Somerset Webb after the Kwasi Kwarteng mini budget
"The Bank of England might be about to get lucky with Liz Truss"
https://t.co/Wm0hwSY0PX https://t.co/dylzYNJWBo
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