Why Spotify keeps smashing expectations: 4 reasons behind their success
Spotify’s trajectory is the perfect example of a flywheel business. A year ago, we could appreciate it spinning a little faster, benefiting all stakeholders. But as flywheels do, it has only accelerated from there.
MFF Capital Investments announces intention to acquire Montaka
The acquisition aims to combine the strengths of both companies while preserving Montaka’s independent operations and team structure, offering enhanced resources and long-term stability for investors.
Looks can be deceiving: Why equities are more attractive than they appear
By adjusting for outlier companies and considering R&D spending’s impact on earnings, a clearer picture of equity value emerges, challenging the ‘expensive equities’ narrative.
LVMH | Montaka’s 5-Pillar Thesis
LVMH is an attractive long-term investment opportunity, thanks to its strong position in the growing high-end luxury market, its customer base’s resilience to economic cycles, and what we perceive as current undervaluation by the market. View the investment thesis video here.
Update from the PMs – September 2024
Why Today’s Market is Full of Opportunities – Explore the current global investing landscape with insights on inflation, interest rates, and market volatility. Discover why valuations are attractive and how innovative companies like Meta and Amazon are undervalued.
When you factor in R&D, innovator stocks like Amazon and Meta are still on sale
Discover how high R&D spending can make innovative companies like Meta and Amazon appear more expensive than they are. Learn about the ‘Raise & Distort’ effect and why these stocks might still be on sale.
Update from the PMs – August 2024
Pundits have offered lots of possible reasons for the recent stock price declines. From new recession fears in the US, to heightened geopolitical risks in the Middle East, to fears that AI has been overhyped and will fail to deliver on elevated expectations.
The dangers of simple ‘rule of thumb’ PE valuations in today’s market
Ever wondered if a stock trading at 25x is overvalued? Think again! We dive deep into ‘first principles’ thinking to reveal why some of the world’s best companies might actually be undervalued even at high multiples.
3 stocks winning from the enterprise software ‘Revolution’
The enterprise software market is booming with $5.1 trillion in IT spending projected for 2024. 3 key players are leading the way, transforming IT with their powerful platforms.
Quarterly Letter: Q2 2024
Over the past 18 months, the market has been on a tremendous run and our performance has been outstanding. Investors worry if the market has risen too fast too soon; if it’s too concentrated; and if the portfolio still offers excellent value. Get answers to all this and much more in our Q2 2024 update.