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Capital Employed
Interesting read from Seraya Investment letter.
'The great China rally of late September – still underway – may well become one of the great ‘positioning unwinds’ of the decade.'
https://t.co/2asJO9a2Qh?
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Interesting read from Seraya Investment letter.
'The great China rally of late September – still underway – may well become one of the great ‘positioning unwinds’ of the decade.'
https://t.co/2asJO9a2Qh?
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Offshore
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Librarian Capital
Spirax $SPX has grown EBIT more than Rightmove $RMV over the past 8 years, though ~½ the difference materialized in 2016 when GBP fell (after EU referendum), and the gap will narrow further in 2024
(We hold both, with more SPX than RMV) https://t.co/CFEniuqA93
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Spirax $SPX has grown EBIT more than Rightmove $RMV over the past 8 years, though ~½ the difference materialized in 2016 when GBP fell (after EU referendum), and the gap will narrow further in 2024
(We hold both, with more SPX than RMV) https://t.co/CFEniuqA93
Rightmove $RMV vs. Spirax $SPX: Which company's products are more mission-critical to customers?
- Rightmove
- Spirax tweet
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Hidden Value Gems
Interesting analysis: Price hikes was the key driver for like-for-like growth at Luxury Goods post COVID.
But now high prices have become a headwind with many brands introducing cheaper products, driving average price down.
"Q2 saw a 3% decline in the average selling price of luxury products and a 6% decline in the price of handbags, according to Bernstein."
"Not all brands will be equally affected. Hermès, which combined restraint with desirability, managed to push through an 8 to 9% increase in the first two months of the year."
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Interesting analysis: Price hikes was the key driver for like-for-like growth at Luxury Goods post COVID.
But now high prices have become a headwind with many brands introducing cheaper products, driving average price down.
"Q2 saw a 3% decline in the average selling price of luxury products and a 6% decline in the price of handbags, according to Bernstein."
"Not all brands will be equally affected. Hermès, which combined restraint with desirability, managed to push through an 8 to 9% increase in the first two months of the year."
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Capital Employed
Interesting idea from @RohanSoor on Boat Rocker Media $TSX.BRMI
Trades below net cash with valuable B/S assets despite historical profitability, a lower-risk content strategy going forward, and potential buybacks.
Full write-up here 👇
https://t.co/jXeHNDvac9
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Interesting idea from @RohanSoor on Boat Rocker Media $TSX.BRMI
Trades below net cash with valuable B/S assets despite historical profitability, a lower-risk content strategy going forward, and potential buybacks.
Full write-up here 👇
https://t.co/jXeHNDvac9
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Offshore
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Stock Analysis Compilation
Clearbridge on Fujitsu $6702 JP
Thesis: Fujitsu’s push towards digitizing Japan’s economy and its shareholder-friendly initiatives position it for strong future profitability.
(Extract from their Q2 letter) https://t.co/8RIbLCjtF8
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Clearbridge on Fujitsu $6702 JP
Thesis: Fujitsu’s push towards digitizing Japan’s economy and its shareholder-friendly initiatives position it for strong future profitability.
(Extract from their Q2 letter) https://t.co/8RIbLCjtF8
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Librarian Capital
"US weighs Google break-up in landmark antitrust case" (WSJ)
"Potential remedy set out by DoJ on Tue"
"Shares of $GOOG were little changed"
"Final witness lists to be filed by 20-Dec"
Judge aims to hand down decision by Aug-25
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"US weighs Google break-up in landmark antitrust case" (WSJ)
"Potential remedy set out by DoJ on Tue"
"Shares of $GOOG were little changed"
"Final witness lists to be filed by 20-Dec"
Judge aims to hand down decision by Aug-25
US weighs Google break-up in landmark antitrust case https://t.co/MiGvPSCTPY tweet
twitter.com
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Offshore
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Librarian Capital
At soon-to-be-private Hargreaves Lansdown $HL, interest income ("Cash") has been their largest revenue line for two years in a row
HL business model is arguably sticky with mutual funds, ISAs, older & richer customers etc. https://t.co/sfGO7eQ8Rs
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At soon-to-be-private Hargreaves Lansdown $HL, interest income ("Cash") has been their largest revenue line for two years in a row
HL business model is arguably sticky with mutual funds, ISAs, older & richer customers etc. https://t.co/sfGO7eQ8Rs
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Offshore
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Stock Analysis Compilation
Bonhoeffer Fund on Vistry $VTY LN
Thesis: Vistry’s partnership model and strong operational growth make it an attractive homebuilder with significant upside potential
(Extract from their Q2 letter) https://t.co/3DQBhiBFaW
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Bonhoeffer Fund on Vistry $VTY LN
Thesis: Vistry’s partnership model and strong operational growth make it an attractive homebuilder with significant upside potential
(Extract from their Q2 letter) https://t.co/3DQBhiBFaW
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