Davey
@TheRealDavey2
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A bear of very little brain. Trying to maximise tax losses. Avoid folly. Tweets are not recommendations. 🇦🇺
Joined March 2012
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@nypost
In related news, the average IQ of the Google workforce ticked up slightly after new retrenchments
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To think - I have the power to wipe hundreds of billions of dollars off $NVDA's valuation and all I have to do is purchase one share.
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The hypocrisy is amazing. A journalist from the national broadcaster of Britain, a state that happily exploited natural resources and entire other countries throughout its history, propelling the country and its people to great wealth and prosperity, lecturing an African
“Let me stop you right there…”
Caribbean nation Guyana is booming after discovering oil. BBC’s Stephen Sackur puts it to President
@presidentaligy
; lobbyists say oil is bad for the climate.
Dude wasn’t having it. Mans was ready!
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@ARTiV3RSE
These results lack everything that makes the originals what they are. Actually a great thread highlighting how bad gen AI is.
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If you don't think r/WallStBets degens are going to go max long Reddit calls and then start clicking every ad they are served on the website to pump earnings you don't understand Reddit. $REDDIT
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My son was born this month 1 year ago. While his gains are greater than mine, I'm happy to say I haven't missed a single dinner or bath time because of work.
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The Reddit CEO and CFO were paid a combined $285 million in 2023, including stock options. Ok then.
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In some recent personal news, I paid a lot of money for a commodity asset with a poor ESG history.
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@BruKli_USA
@joshbecker659
That was a dream as evidenced by him holding Mariko's cross which we see him later drop into the sea.
He doesn't have any flash forwards after doing so. He accepts his fate that he will stay in Japan
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1/n It is often said that the value of a stock is the present value of all future cash flows. This is not true. The value of a stock is the present value of all future distributable cash flows. It is only the cash that investors will receive in their pockets that is valuable.
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After a combined 167 years of benefiting from the cheap and abundant energy provided by oil, two elder people demand a harder life for current and future generations.
🚨 BREAKING: JUST STOP OIL BREAK MAGNA CARTA GLASS
🔥 Reverend Dr Sue Parfitt, 82, and Judy Bruce, 85, then glued their hands together, demanding an emergency plan to just stop oil by 2030.
✈️ Donate to help us take action at airports this summer —
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$WCG.AX Webcentral just announced the sale of the majority of its domains and hosting business. On close, it will have 25c per share of net cash (vs current share price of 25.5c). It will also retain a $20m equity stake in the domains and hosting business (valued at 6c per share)
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@KayBurley
You asked a deliberately inflammatory and absurd question in the hope of eliciting a strong response to get views. If your previous guest suggested the Holocaust was a good thing would you have put that to him as well? You're a disgrace.
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1/n🧵The investing wisdom of Winnie the Pooh
While Pooh Bear’s love of honey is well known, few know that he is a great investor.
This thread will share some of Pooh’s investing wisdom with you.
Pooh is a strong advocate of buy and hold investing, popularised by Warren
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Omicron sweeping through Sydney. Brother and his wife and kids all have it. Business partner has it. Everyone fine within a day/totally asymptomatic.
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Greens Senator threatens Woolworths CEO with prison time because he doesn't know the company's Return on Equity off the top of his head. What a clown. Stop voting for these idiots.
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$DDR Did this guy really release a statement saying he sold shares to buy a private jet? Legend.
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Just under 6 months ago I initated a position in a business I would never have heard of but for Twitter. Today, the unrealised profit is $667k. The value of this community is remarkable.
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Today in the NDIS:
1. The NDIS Minister hires an NDIS speechwriter for $620,000 over 2 years
2. NDIS participants receives $357,000 per year. Taxpayer apparently funding every expense in his life. Even then, how does it cost so much? This is more than partners at accounting
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I'm going to start a new alpha-rich strategy in 2022 - move to Sweden.
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FY21 +157%
It was a target rich environment. Missed a lot of opportunities I shouldn't have. Position sizing still needs work. Grateful to all the investors I've met through Twitter who talk stocks with me 🙌. This year I'm thinking about publicly sharing more on my holdings.
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The best thing about having positions in multiple markets is that you can lose money 24/6.
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Things the NDIS will pay for:
- prostitutes
- holiday accommodation ("respite")
- someone to clean your house
- someone to walk your dog
- a nanny for your child
- paedophiles
- expenses as a result of depression brought on by your decision to abuse drugs and alcohol
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2/n It's my firstborn son, due March 2023.
Parents will remain heavily invested.
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Thungela is now up 650% from the price I told myself "it's already up 30% I've missed the easy money".
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Sold the last of my $CELH for a 25-bagger. I think the company has huge growth opportunities ahead of it but my original thesis has fully played out, valuation is no longer cheap, growth is slowing, and there are transitional risks moving to Pepsi. Best of luck to shareholders.
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1/n $PAC.AX thread. Not investment advice.
On 26 July, Regal announced an unsolicited NBIO for PAC valued at $10.77 per share (2.2 GQG + $7.50 cash). It also announced entry into an agreement with River Capital, PAC’s largest sh at 19%.
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The CEO of my largest holding owns 33.32% of the company (the max he can own as 33.33% would trigger a takeover offer requirement) worth >€120m, draws a salary of only €600k, and doesn't issue himself free shares/options. I wish all my holdings CEOs were so aligned.
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I'm very good at identifying good investments and not buying them. It's my superpower.
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The Fungus Barons are the hottest thing to hit Fintwit since the Lumber Barons of 2021
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Thread on travel comments by Visa and Mastercard.
I'm long $LMN Lastminute which is a very cheap, fast-growing, high-margin, profitable, founder-owner-operator run, undiscovered gem European online travel agent.
$LMN is my largest, highest conviction, position ever.
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I sold the lost of my $CELH stock for ~$100. Yesterday the price traded above $99. There's been a 3-for-1 share split in the meantime. It was my biggest position.
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Are weapons and non-Russian O&G and coal all ESG investments now?
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$PAC.AX is undertaking a sales process and the CEO writes a farewell message in the annual report 1 week ago and the market is pricing no sale at >50% probability 🤷♂️
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@FinancialReview
This article misses the biggest cost for superannuants from the taxing of unrealised capital gains - the loss of compounding. By having to sell assets annually to fund the tax liability, superannuants are denied the benefits of compounding on that money. Over longer periods the
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If your fund manager mentions Afghanistan in their next letter, redeem.
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$GQG bid $11 cash per share for $PAC (20% premium to last close). PAC largest shareholder at 19% holding out for higher consideration or alternative deal structure (may wish to roll into private entity).
$PAC.AX is undertaking a sales process and the CEO writes a farewell message in the annual report 1 week ago and the market is pricing no sale at >50% probability 🤷♂️
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1/3 Marcus Licinius Crassus was a Roman statesman who established his own personal fire bigrade. He would go to burning buildings in Rome and offer to buy them for fire sale prices. If the owner agreed to sell, his fire brigade put out the fire. If not, he would let it burn.
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@John_Hempton
@muddywatersre
Bill literally saved the market in March 2020 by crying on national television. The man is a hero.
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Would anyone be interested in hearing about my two new positions? I did about a days work on both, they kind of suck, but they're going higher.
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$MSFT up 7.5% YTD, $GOOD up 6% YTD, $NDX up 4.65% YTD
NASDAQ is unstoppable. Why don't we all just 100% long NASDAQ 100 and go on holiday?
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$CLCT represents 39.8% of my portfolio and I will be voting AGAINST this opportunistic bid that materially undervalues the company.
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Taxpayers via the NDIS are funding new driveways, roofs, and air-conditioning for multimillionaires driving Rolls-Royces.
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Most Mungerism are used by people to avoid any real critical thinking.
The two biggest culprits by far are "show me the incentive and I'll show you the outcome" and "EBITDA is bullshit earnings"
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$CLCT received more cards in 3 days than in past 3 months which was tracking at >500k cards per week. PSA currently has suspended all price levels below $150 per card. Cheapest service available atm $300 per card. This is wild. Thanks to the selling shareholders 🤡
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@puppyeh1
's writeup of $LMN Lastminute on VIC is now viewable to non-members. Good summary of the investment case.
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I am doing my tax for FY21 and am once again considering moving to Singapore.
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Fundies all talking about buying quality companies with strong balance sheets. Haven't they all rallied? Shouldn't they be looking at the companies with a 10% chance of bankruptcy priced for a 90% chance of bankruptcy?
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Fund managers the world over finding out that their investors who said they were long term are full of shit.
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CY2020 performance +75.3%.
I am pleased to say that this was achieved with minimal contribution from tech names and the few that I did hold were/are obscure, idiosyncratic names.
Wishing my followers a happy new year!
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1/n Since the below thread, $WCG.ax has changed its name and ticker to $5GN.ax
Management has acted quickly to return capital to shareholders announcing an up to 10% buyback and 2c dividend (share price currently 22c)
$WCG.AX Webcentral just announced the sale of the majority of its domains and hosting business. On close, it will have 25c per share of net cash (vs current share price of 25.5c). It will also retain a $20m equity stake in the domains and hosting business (valued at 6c per share)
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🧵Quick and dirty thread on a new trade.
$ACTG Acacia Research is an investment holding company which trades at a 45-85% discount to its holdings. ACTG's largest position listed on the LSE yesterday and is trading ~50% above the IPO price, and 120% above Acacia’s carrying value
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People are posting performance numbers on Twitter again. We're so back.
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It's so disgusting that people wear shoes in their house. What is wrong with you all?!
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1/n $PAC.AX brief update. River Capital lobs an amateurish $10.50 bid funded by GQG without GQG's consultation. Interestingly, RC bid without Regal which begs the question whether Regal has dropped out or is considering another bid (either alone or with RC).
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@johnnyshap
When Berkshire got big Buffett had few options to generate alpha. One of the key ways he did so was being the capital market of last resort (think Goldmans investment during GFC). For the past decade Fed policy has usurped this role. Hence underperformance.
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@FinancialReview
Incidentally, a tax law that denies long term compounding in a scheme designed for long term investment for retirement is hilarious in its absurdity.
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I am shocked to learn $CLCT has tripled cards graded per day after being taken private. Shocked /s
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Why do fund managers keep writing long winded analysis of COVID-19. Who isn't just skipping this? Talk about your analysis of businesses.
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@John_Hempton
Maybe, still not sure why you think it appropriate to make fun of him behind his back.
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$EML.ax announces wind down of problem subsidiary PCSIL. Great news!
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$KSPI is without a doubt the best executing business I've ever seen. Mikhail a GOAT-tier CEO.
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$CLCT with a hilarious good result. Both divisions stronger than expected. Most surprised by resilience of PCGS (which conducts a lot of business at in-person events). Operating margins 35%. Operating income growing triple digits. I'm super long.
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@longhorncapital
Australia isn't just incentivising people to be lazy, it's quite literally paying people to be disabled.
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Not applying for the NDIS should be grounds for receiving an NDIS package because you'd have to be retarded not to get in on the rort.
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$TUI (German travel company) reported 1Q22 earnings yesterday and included some very interesting commentary on European travel which is relevant to $LMN Lastminute, a European package holiday OTA.
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$EML.AX EML announces sale of Sentenial business for $54.1m (I had estimated $50m sale price). Good to see EML continuing to deliver on its strategic review. This management team is doing exactly what they said they would do (and what shareholders want to see them doing)!
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@plebcapital
@NDIS
People like this are getting $77,000 per year on average. Over $3.2 million + CPI increases over their lifetime.
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@iancassel
Founder & CEO owns 33%.
Growing 4x as fast as competitors trading at less than half the valuation.
5x EV/EBITDA.
Best in market product.
About to be experience the best demand conditions in the companies history.
Nobody has heard of it.
I'll never tell!🤐
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$EML.ax now down >15% on news that the problems have been fixed.
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You ever read a writeup on a stock you know a little something about and realise the author knows absolutely nothing about the stock?
It's amazing to me how little people know about what they own.
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