Personally buying Scottish Mortage Investment Trust. Trust the Manager, trust the Track-Record but in my view they’re just a better ARK Innovation. Kinda a FOMO buy
I'm looking forward to add more to EVO but waiting for a price drop, market in general, under my view, got overextended. SO I'm waiting for a correction in order to add while I'm still increasing my cash position!
Another Swedish in EMS domain, former CEO of Note at the wheel: Hanza. Still small and growing fast with tail winds of Europe repatriating industrial capacity from Asia.
indie Semiconductor ($INDI) faced a lot of post-SPAC merger IPO skepticism yet made some smart acquisitions and is delivery both high y-oy- and q-o-q revenue growth. Valuation may be high but not frothy. They focus on the auto industry, mostly high-growth niche segments.
Marlowe, small cap UK focused business in a highly fragmented industry providing regulatory and compliance services. 80 percent recurring revenue. Made 10+ acquisitions last year. Founder is CEO. ROCE is weak around 10 percent but increasing as organic growth sustains and being a low capex business. 4 percent market share. Growing software business. Risks include debt funded acquisition spree (loaded up on debt to continue acquisition). Also, free cash flow seems relatively weak / difficult to follow as no clean period due to acqusitions. Organic growth is 8 percent and valuation is 7x EBITDA. 80mm EBITDA with stated objective to get to 100mm soon.
Insiders quite aligned with the investors and more important long long long term view. Focusing in BPA growth and serial acquirer but buying at good prices, no rush.
18% YoY organic growth + 12% by acquisitions. 20% ROIC and expanding margins. Room to continue the growth.
This company reminds me one I have, SDI group. One of muy first baggers.
Nintendo - 2023 likely to see how well their strategy pans out. Waiting for Mario movie release in April. Universal partnership likely to expand to Orlando and Beijing (Singapore under way and LA just opened).
Fortress proof balance sheet, careful management who have the firm’s interests at heart, and world class IP assets the market do not currently appreciate (Pokemon & Niantic stakes are not valued priced in). Capital allocation can benefit from utilizing the massive cash pile, but given Japanese corporate culture, what they’re doing is already comparably better.
Biggest “risk” is the console market cycle perception, which I believe is going away as Nintendo pivots to cloud-based gaming and multi-device offering. In the long run the biggest challenge remains maintaining high production quality and regularly releasing successful sequels, while creating new franchises with enduring value.
Personally buying Scottish Mortage Investment Trust. Trust the Manager, trust the Track-Record but in my view they’re just a better ARK Innovation. Kinda a FOMO buy
I'm looking forward to add more to EVO but waiting for a price drop, market in general, under my view, got overextended. SO I'm waiting for a correction in order to add while I'm still increasing my cash position!
The decrease in 2017 and 2022 seems due to the sudden raise of debt to perform some acquisitions.
Nevetherless, It is a good point to keep an eye on this metric. Lets see if they increase this value by reducing costs due to scale or other moats.
Another Swedish in EMS domain, former CEO of Note at the wheel: Hanza. Still small and growing fast with tail winds of Europe repatriating industrial capacity from Asia.
I like this idea. Thanks for sharing!
Not much atm, trying to add up some extra cash to the portfolio!
Hi community. Time ago I found Energy One Límited. Vertical Software B2B company in AUS.
- EPS >20% 5Y CAGR
- ROE >12%
- Debt Free
- Insiders aligned. 40%
- Room for growth. Currently expanding in Europe through some acquisitions.
I would appreciate any comments or ideas.
indie Semiconductor ($INDI) faced a lot of post-SPAC merger IPO skepticism yet made some smart acquisitions and is delivery both high y-oy- and q-o-q revenue growth. Valuation may be high but not frothy. They focus on the auto industry, mostly high-growth niche segments.
Marlowe, small cap UK focused business in a highly fragmented industry providing regulatory and compliance services. 80 percent recurring revenue. Made 10+ acquisitions last year. Founder is CEO. ROCE is weak around 10 percent but increasing as organic growth sustains and being a low capex business. 4 percent market share. Growing software business. Risks include debt funded acquisition spree (loaded up on debt to continue acquisition). Also, free cash flow seems relatively weak / difficult to follow as no clean period due to acqusitions. Organic growth is 8 percent and valuation is 7x EBITDA. 80mm EBITDA with stated objective to get to 100mm soon.
I am analysing TEQNION.
Insiders quite aligned with the investors and more important long long long term view. Focusing in BPA growth and serial acquirer but buying at good prices, no rush.
18% YoY organic growth + 12% by acquisitions. 20% ROIC and expanding margins. Room to continue the growth.
This company reminds me one I have, SDI group. One of muy first baggers.
EVO. excelent enterprise. Awesome Margins. Cash Flow Machines. Leader in the sector.
RISK. Regulations.
Nintendo - 2023 likely to see how well their strategy pans out. Waiting for Mario movie release in April. Universal partnership likely to expand to Orlando and Beijing (Singapore under way and LA just opened).
Fortress proof balance sheet, careful management who have the firm’s interests at heart, and world class IP assets the market do not currently appreciate (Pokemon & Niantic stakes are not valued priced in). Capital allocation can benefit from utilizing the massive cash pile, but given Japanese corporate culture, what they’re doing is already comparably better.
Biggest “risk” is the console market cycle perception, which I believe is going away as Nintendo pivots to cloud-based gaming and multi-device offering. In the long run the biggest challenge remains maintaining high production quality and regularly releasing successful sequels, while creating new franchises with enduring value.