The world’s biggest streamers are slowly exiting their Cool Eras. Every innovative company eventually goes from being Cool, where every new development they announce is exciting and widely talked about, to Commonplace, where the company is ubiquitous and well-regarded but consumers are satisfied that they’ve seen all the tricks it can offer. That’s the trouble. Commonplace often correlates with stagnation. …
View PostWith US markets facing incredible volatility under the realities of inflation and poor jobs data, much of the risk money has moved from equities into cryptos. This has left many tech investors scratching their heads, down 20% or even 30% on stocks with exciting prospects. In episode 25 of Magic Markets, hosts The Finance Ghost and Mohammed Nalla (Moe-Knows.com) discuss the …
View PostI don’t like tech IPOs (or the nuance “direct listings” for that matter). Before delving into the Coinbase IPO and my thoughts on the company, I want to explain my overall concerns with IPOs. An IPO is the process of a company listing on a stock exchange and raising fresh capital from new investors. In other words, there is cash …
View PostI don’t like tech IPOs (or the nuance “direct listings” for that matter). Before delving into the Coinbase IPO and my thoughts on the company, I want to explain my overall concerns with IPOs. An IPO is the process of a company listing on a stock exchange and raising fresh capital from new investors. In other words, there is cash …
View PostCorporate actions aren’t always easy to understand. Some are fairly straightforward (e.g. Company A is buying Company B) and others are horrendously complicated (like Cartrack’s big move to the Nasdaq). I first wrote about Cartrack on October 18th, 2020. At the time, it was trading at around R45 per share. Cartrack isn’t a company I had paid much attention to …
View PostHere’s a quick insight into the world of investment banking and capital raising… Bankers are focused on hot money They like Porsches and Porsches require bonuses. It’s hard work to try and sell something that nobody wants. When the pancakes are flying off the shelves, you don’t open a stall selling fried organic broccoli cooked in vegan oil. You recognise …
View PostCartrack is a terrific business in my opinion. I’ve written before in detail about why it’s so strong, but in summary: Combination of B2B (fleet management and asset recovery) and B2C (asset recovery) models with a diversified client base Exceptional operating margins thanks to its software-as-a-service (SaaS) model which becomes very juicy as scale is achieved Strong growth in Europe …
View PostCartrack is a terrific business in my opinion. I’ve written before in detail about why it’s so strong, but in summary: Combination of B2B (fleet management and asset recovery) and B2C (asset recovery) models with a diversified client base Exceptional operating margins thanks to its software-as-a-service (SaaS) model which becomes very juicy as scale is achieved Strong growth in Europe …
View PostCapital markets are fascinating. They are the arenas for gladiators to make and lose fortunes, all in the pursuit of business greatness. Traders in the stands mercilessly punish failure and support success, driving the gladiators to put everything on the line. Investors seek out the gladiators with real staying power; the ones that have figured out how to survive multiple …
View PostIt’s worth stating up-front that references to photography in this article are quite naughty, because the current excitement around Kodak has absolutely nothing to do with photography. You may be old enough to remember yellow Kodak stores in shopping malls that allowed you to print photos from film (?!?) and even buy photo albums and cameras. Kodak’s business model was …
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