Alexander Eliasson Profile picture
Nov 24, 2020 4 tweets 2 min read Read on X
EU's "Green Deal" är en mission att göra Europa klimatneutralt till 2050. Detta kommer uppnås av regleringar, förbud, subventioner, avdrag och andra riktade åtgärder.

(1/20)
Ett betydande verktyg för att uppnå "Green Deal" kommer att vara "EU Taxonomy"; ett klassificeringsramverk i syfte att identifiera ekonomiska aktiviteter och investeringar utefter dess grad av hållbarhet. Image
Ett annat syfte med EU Taxonomy är att motverka s.k. Greenwashing. Har du märkt att nästan varenda fond, företag och fastighetsbolag är ESG idag?

Framöver kommer det bli lättare att screena efterlevnad och grad av hållbarhet, utöver landsgränser, då vi har samma ramverk. Image
Bank of America rapporterar att 4 av 5 i Gen-Z (+2 miljarder människor) lägger in ESG i deras ekonomiska beslut.

Vi kan skämta om "ESG flöden", men ESG-bolag kommer få en svindlande överhand i fondflöden, skatteincitament, finansieringskostnad - med mera. Image

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More from @alexeliasson

Jan 29
IMAX $IMAX / stands out with its 50% global market share and asset-light business model commanding +30% ebitda margins - yet it’s rarely discussed on FinTwit.

Let’s dive into the product and then its business model.

1/ 1970.hkImage
IMAX offers more than just massive screens and immersive 12-channel sound - it also delivers an expanded aspect ratio, providing up to 26% more actual image than a standard cinema.

It's the most immersive premium large format world-wide.
The most influential movie directors of today - Nolan, Kosinski, Cameron, Villeneuve, Gerwig, Peele (and so on) - film with IMAX cameras today and talk enthusiastically about the format. They are also helping to develop the camera technology further. Image
Image
Read 18 tweets
Jul 7, 2024
• Revenue +42%
• Gross Profit +60%
• Q2 Guidance +40-50%
(in USD)

$HEPS is one of the fastest-growing eCommerce marketplaces worldwide, recently achieving profitability. Yet, it's valued at just 1/10th of its peers?

This gives me $EPSIL $KSPI flashbacks 😅

New position 👇 Image
IPO'd on the Nasdaq 3 years ago at $3.9B, 5 P/S and negative EBITDA.

Today, trading at $0.8B, 0.6 P/S and profitability improving sequentially. (Last Q record margins).

The new CEO, with 7 years previous at $AMZN, made it her top priority to reach profitability in 2023. Image
On top of achieving profitability, all the KPIs have shown extraordinary progress.

Orders per Active Customer, which is an engagement metric, really stands out.

(using the prospectus as the base year) Image
Read 12 tweets
May 30, 2024
Set to triple net profit the coming two years (without share dilution); all while trading at single digit earnings and double digit dividend yield: Seplat $sepl.l

• Zero Substacks ✍️
• Zero FinTwit 🧵
• Zero Podcast's 📻

Largest holding 👇

1/ Image
Two weeks before Russia invaded Ukraine, when Brent was trading at $70 and energy was not a concern for anyone, Seplat signed an agreement to acquire ExxonMobil's entire portfolio of producing offshore shallow water assets.

3x production without share dilution: Image
Seplat was set to pay 3.5 times net earnings for the assets ("MPNU") with an effective date of January 1st, 2021 (i.e., one year before the acquisition date).

A Lockbox solution was created where accumulated profits at MPNU reduced the final consideration.
Read 10 tweets
Nov 26, 2023
▪️ Net Profit +37% YoY
▪️ 10-Year CAGR +25%
▪️ ROE 33%

🎭 Entertainment GMV +340%
📊 Investment platform MAU +300%
📄 Insurance premiums +84%
👪 Super-App MAU +38% (37% of population)
🛍️ Marketplace GMV +65%

2.8 P/E + 15% dividend too cheap 🙃

🧵on $HSBK $hsbk.l 👇
Halyk has managed 10x net profits the last decade and today commands #1 market share in almost all verticals.

Especially excels in corporate banking where 50% of the countrys legal entities are customers and 80% (!) of all large enterprises.

Market share (pic):

Image
Image
Image
A couple of years ago, Halyk leveraged its market position to launch its digital platform 'Super-App' and has managed to onboard approximately 35% of the population today. It continues to grow rapidly.

Ranks #2 behind $KSPI for individuals and ranks #1 for corporations. Image
Read 21 tweets
Mar 3, 2023
Nya havsbaserade vindkraftsverk kommer närapå tiodubblas i Europa, detta årtiondet.

Om än dyrare att installera än markbaserad vind, så har man i regel betydligt högre yield (wind speed) och ett mindre påverkat landskap.

Lite kort om Odfjell Oceanwind som ägs av $OTL 👇 Image
99% av havsbaserade vindkraftsinstallationer är idag s.k. fixed bottom i.e. ställda i mark.

Nackdelarna med fixed är (uppenbara) bl.a. områdes- & djupbegränsning men också att berggrunden kan sätta stopp (t.ex. Kalifornien, USA, uppges inte vara lämplig för fixed).

Därför... Image
...är det mobila riggar s.k. Floating Wind som står för den explosiva tillväxten framöver.

• Bättre yield / mindre områdesbegränsning
• Billigare att montera och underhålla (kan byggas helt på land)
• Trevligare landskapsbild än nära kuster

+80% CAGR ↘️ ImageImage
Read 7 tweets
Mar 1, 2023
Delfi $delfi.sp H2 results:

▪️ Revenue +21% (USD 💵)
- 🇮🇩 Indonesia +19%
- 🌏ASEAN +26%

▪️ EBITDA +24%
▪️ Net Profit +44% 💣💥
+74% excl. non-recurring items 👀
▪️ Div +50%

• p/e 9
• Div 6%
• Net cash 15% of mcap
• Defensive & double digit growth
• EV $400m
👇
+45% market share in Indonesia, a country with a (young) population of +270m.

As cooling capabilities continues to improve (in the distribution chain and for consumers) - chocolate consumption *growth* per capita is set to continue outpace mature markets, for years to come.
With a 70 year local heritage, Delfi's brands are top of mind for local consumers.

Similar to:
🇸🇪 Marabou
🇬🇧Cadbury
🇫🇮 Fazer
etc.

Here's what the Nestle, the global power-house, has to say about Delfi's market position:
Read 8 tweets

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