Value Investing JP Morgan AM: Guide to the Markets 3Q19 |
- JP Morgan AM: Guide to the Markets 3Q19
- Outrageous Founder Shares?
- Afterpay Will Continue To Outperform (Updated)
- New HSB Letter to Tix Board
| JP Morgan AM: Guide to the Markets 3Q19 Posted: 02 Jul 2019 07:36 AM PDT Here is the new Guide to the Markets from JP Morgan AM: https://am.jpmorgan.com/blob-gim/1383407651970/83456/MI-GTM_3Q19_Final.pdf?segment=AMERICAS_US_ADV&locale=en_US Question: Similar to the GTM, for those that don't have access to Bloomberg or Reuters, what is in your opinion the best free resource from Investment banks or Fund Managers that gives you the most useful/insightful dashboard or weekly recap for a good snapshot of the markets? [link] [comments]  |
| Posted: 02 Jul 2019 02:00 PM PDT
Can somebody help me make sure I understand correctly the above? As far as I understand, if the company above has 1M shares outstanding, and ordinary shares trade at, say, $12.50 for more than 10 consevutive trading days, each holder of founder shares will be entitled to receive (in ordinary shares) and amount equal to: share price increase x 20% x number of ordinary shares, ie $1 x 20% x 1M = $ 0.2M I am SHOCKED, because in the case of this company (ATMA) the consideration for each founder shares holder would roughly equal one year's worth of companys earnings or more. Fortunately (or not if you are an early investor) shares trade well below $11.50 and this arrangement will end by 2022. That said, I am still in shock if these shares work like described above. [link] [comments]  |
| Afterpay Will Continue To Outperform (Updated) Posted: 02 Jul 2019 01:36 PM PDT Hey guys, this is a re-post as Beren wanted me to do a longer write up (full video analysis at end of post): For those of you who aren't familiar with Afterpay (APT:ASX), they are an Australian founded BNPL (Buy Now, Pay Later) provider. Since their inception 3 years ago, they've captured over 16% of Australia's addressable retail market, and have recently launched in the USA and UK. In their short time there, they've already captured the attention of some major retail brands, and are signing up approximately 10,000 new users per week (on their app). A week ago, VISA came out with an announcement that it intends to partner with its network to provide BNPL, and the APT share price fell off a cliff. However, the market has overreacted because Mastercard tried to do this in: 2016 - failed 2018 (AMEX tried it too) - failed yet again The problem these companies face is that 2/3 of millennials don't own or want to own a credit card. Furthermore, APT works like a recruitment company, whereby the user e.g.: candidate gets a premium experience for free. As long as their users don't default, they are charged no fees or interest for being able to split their purchase into several installments - often, this is enough to tip a potential buy over the line, to make a purchase decision. Should they default, their accounts are suspended permanently - APT do not offer evergreen BNPL. In my video, I deep dive into stats detailing why millennials are more likely to purchase (online and offline) if there are some "instant gratification" incentives - 40 - 45% (buy and buy more), and 75% when it comes to e-commerce. I also deep dive into conclusive stats based on web traffic interest, backlinks, mobile and desktop user trends, and etc. [link] [comments]  |
| Posted: 02 Jul 2019 08:54 AM PDT |
| You are subscribed to email updates from Value Investing. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment