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4 Sep, 4 tweets, 2 min read
I missed the news Wednesday but VEDL came up with their div. Back in late Oct 2020, they came up with a Rs 9.5 div when the stock was trading < 100 after the Delisting Offer failed. They still "owed" a HUGE passthrough to investors from HZ. They didn't pay it, and the promoters
bought more at 160 < 2mos later. Then bought more at 235 in the Partial Offer. After that, they could pay a big div.

Now it is 310. And rich-ish vs peers.

NOW they are paying a Rs 18.5 div. And they STILL owe shareholders more from HZ passthrough.

Incentives drive outcomes.
That was one of my few timestamps last year.

BTW... The HZ-1 was the model name of a cost-no-object head amp that Pioneer made in the early 1980s. It was (is, if you have one (and I have a few)) simply the best head amp made commercially. Ever.

If you have a really good TT with really good LOMC...

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More from @bauhiniacapital

baufinanciaphaster 👹 Profile picture
4 Sep
Former PM Shinzo Abe backing TAKAICHI Sanae for LDP president (and therefore future PM). Expectations were he might back KISHIDA.

She'd be the first female PM, and China might throw its toys out of the pram (she visited Yasukuni). She is in the RW of the LDP.
Seiko NODA also thinking about running and she has had a political role (former Minister for Internal Affairs, and M for Women's Empowerment). Abe critic.

Former FM KONO Taro. Popular with the youngs, but was in charge of vaccine rollout, which has been... less goodly.
Lastly, ISHIBA Shigeru - former Defence Minister and 'security maven', longtime Abe critic - may throw his hat into the ring. People like him. MPs don't. Also, he has criticised BOJ's low rates (which may be why many elderly like him).
Read 4 tweets
baufinanciaphaster 👹 Profile picture
23 Aug
If I have a real diamond, and I allow 100 people to each take a picture and each make an NFT where I get a slice of the proceeds if sold, then I average 100 a day for 10 years, then in ten years I will have had revenue streams from 365k different NFTs.
Then there will be a fire, the diamond will be destroyed (wink wink - diamond? fire?) then rinse, repeat.

Those with the technical ability will be able to make a ring with a tiny OLED screen, and will be able to put the diamond NFT on the screen, like a real diamond ring.
Those who are smart will NFT a picture of that ring with the diamond on the screen. Somebody who buys seven of those NFTs will be able to put the pics on their Apple watch, and rotate once a day.

Then that person could make an NFT of the rotation, and then sell that to another.
Read 6 tweets
baufinanciaphaster 👹 Profile picture
19 Aug
I’ll see your chug-a-lug tug @MrMacroMarkets and raise you a bustling HK waterfront.
And…. There’s my ride!
Victoria Harbour, crepuscule.
Read 6 tweets
baufinanciaphaster 👹 Profile picture
7 Aug
For anyone in/around Kyoto the next week or so, this is a really cool "gallery".

Gucci took over the slightly unusual "Former Kawasaki Residence", a BIG former private house, now a designated cultural property of Kyoto.

Tanabe Takeo (Chikuunsai V) did the giant sculpture.
More pictures of this event from a Japanese blog are here.

eclat.hpplus.jp/article/74047
And a pretty decent website of how the house was when I last visited is here. It is a great house (cost me 500 yen entrance fee IIRC but this time it is free).

gipsypapa.exblog.jp/6504318/
Read 4 tweets
baufinanciaphaster 👹 Profile picture
1 Aug
Haven't tweeted Snarky for a while - Snarky Puppy that is (regular snark is on the menu at least a couple times a month).

Just listened to the 'We Like It Here' live-studio album again. I am always struck by the layers, the tightness, and how good the solo+drum interaction is.
Larnell Lewis is just nuts.
And I love the sax/drum interaction in Outlier (5th song).

Watch and listen to the Outlier solo to see the interaction between Larnell Lewis (the drummer) and Bob Reynolds (the sax soloist). LL starts out sparse, and then fills more, and more, and more, then fills hard when BR loses his cans. So good.
Read 4 tweets
baufinanciaphaster 👹 Profile picture
25 Jul
A reminder that Kyle Bass' polemic against the HKD from 2+yrs ago got totally smacked down by people who actually knew what they were talking about (because his piece is kind of a dumpster fire, and correcting his lack of understanding of HK money markets caused him to block me).
The fund he raised on a 200:1 levered all-in bet against HKD may now be nearly 2yrs old, and depending on when it launched, it may already be dead/expired. If not, it still has a chance, but I am not expecting great things from it.
Granted, it was an OTM call. And most options expire worthless. It was not a bad bet, per se, just a bet with oddly bad justifications.
Read 4 tweets

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