Weekend Bulletin - 20th Sept'24 : Ed. 190
A compilation of few interesting, multi-disciplinary links from the internet
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Aug’24 review of our equity research strategy- Special Situation & Wealth Compounders [We have initiated 1 new stock position in FC SS in the month of August. Visit www.fintrekkcapital.com for more details]
We have recently initiated a new stock position in our 'Special Situation' equity research product #FCSS
The management team has scripted a sharp turnaround in the overall business. The company is net debt free ahead of its timeline and has a net cash position now after the business restructuring which included selling off the non-core business, demerging a business vertical and a fast pace growth of 30%+ CAGR in EBITDA and 15%+ in Revenue over the last few years. The guidance is to keep the momentum growing at 12-15% growth over next few years. Given the tailwinds in this discretionary consumption sector and leadership (company is 2x the size over the next incumbent in a large market moving towards organized segment), we feel the numbers are achievable.
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For full disclosure/disclaimers, please visit : https://fintrekkcapital.com/disclosures
Section 1 - Investing & Personal Finance
Take Something away - by Ted Lamande [LINK]
The Hidden Lessons from Monster Beverage Corporation - by Ian Cassel [LINK]
Shall we repeal the laws of economics - by Howard Marks [LINK]
Section 2 - Economic Trends & Themes
SaaS Isn’t Dead (Yet) and AI Could Make it Bigger [LINK]
Understanding India’s new BioE3 policy [LINK]
Section 3 - Personality study & Development
What it means to read now : Notes from a Librarian [LINK]
Simon Sinek & Trevor Noah on Friendship, Loneliness and Vulnerability [LINK]
Section 4 - Business History & management
The messy Murdoch succession drama, explained [LINK]
Youtube is driving astrology boom in Pakistan [LINK]
Section 5 - Sports, literature & Entertainment
How Superhero Franchise Movies Lost Their Way [LINK]
Does the cricket audience matter? Only if they're at home, watching on TV [LINK]
2 men and a goat: How a buyer’s initials on an animal led to legal trouble [LINK]
We have recently initiated a new stock position in our 'Wealth compounder' as a cyclical bet in Fintrekk capital equity research products #FCWC
This lending financial company is one of the largest companies in its operating segment with a first-mover advantage in under-penetrated markets and a diversified reach. The company expects to grow its AUM by ~20%+ in FY25 by expanding its reach in remote locations and catering to customers in tier 4 & 5 cities. It expects spreads to remain stable (5.5%+) with a slight improvement in opex and strong asset quality trend to deliver RoA of 3.5%+ Led by an experienced management team with strong corporate governance, the company has seen a strong asset quality trend over the past few years (GNPA at <1.5%+ over the past three years). Its hybrid underwriting model, effective credit-risk management policies and in-house collections team have helped to keep credit costs in check.
For full disclosure/disclaimers, please visit : https://fintrekkcapital.com/disclosures
To subscribe to such reports, please visit : https://fintrekkcapital.com/#subscription
That's it for me. Have a great weekend ahead!
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Disclaimer:
The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this newsletter