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Mark Sharogradsky

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15 Nov, 4 tweets, 1 min read

https://twitter.com/symmetry_invest/status/1460136281204301828

$JDC 25% YOY growth even before we saw any contribution from Provinzial&VBK

https://twitter.com/symmetry_invest/status/1460136281204301828

“We are very happy with the Group’s performance in the first nine months – especially as the new major collaborations involving the savings banks and S-Versicherungsmanager have not yet generated any commission revenue at all” -CFO

‘Our revenue growth accelerated further in the third quarter to a very positive 24.5 percent – well above the market growth rate. Our platform services are evidently being well received, and we are able to bundle increasing numbers of contracts on our platform.”

“The acquisition of a strategic shareholding by Germany’s largest public insurance company, VBK, shows clearly that we have become firmly established as a platform in the savings bank sector. Against this backdrop, JDC will continue to perform very positively in the future.’ CEO

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Mark Sharogradsky

@SharogradskyM

24 Aug

I promised to prepare few threads about Israeli companies so I want to begin with the one of the rarest 💎 at Israel stock exchange: Symbol at IBRK: $SHVA.TLV Reports at English could be found under IR at Shva.co.il

Shva is almost a monopoly, the company is a payment transaction business located in Israel which collects a toll for every credit card transaction (also Apple Pay, Google Pay…) via its terminals and SAAS like revenue for leasing and managing its POS terminals.

Company was founded by Israeli banks. Durning2018, pre IPO, Visa and Mastercard both bought a 10% stake in the company instead of competing against it.
At 18NIS per share SHVA market cap is 720M’NIS with 160M’NIS of net cash at balance sheet. —->>

Read 14 tweets

Mark Sharogradsky

@SharogradskyM

28 Jun

New thread 🙏🙏🙏 Epsilon Net (EPSIL.GR) MC ~ 110M€ No Debt
Wage and payroll software at Greece is almost monopoly by Epsilon Net. Attractive Unit Economics with 60% of Rev is recurrent
40% of Greece companies without any software.

Greece government allows you to tax to receive money back for investing in software so investing in software it becomes more profitable and more easy. So now that's why Greek companies are investing in software. In additional since July 2021 e-invoicing is mandatory in Greece.

All mentioned factors leaded to huge Acceleration at Revenue growth to 110% YoY 50% organically
Company trades at 12xP/E on Q1x4 annualized and 10xP/FCF even before we consolidate Singular acquisition and sequential growth.

Read 6 tweets

Mark Sharogradsky

@SharogradskyM

12 Apr

Sometime capital markets tend to surprise you. After Sun Corp $6736.t announcement of Cellebrite SPAC listing at 2.4B$ shares dropped ~17% today - two days after the announcement- I don’t know what math sellers are using but calculation is pretty simple . cellebrite.com/en/cellebrite-…

➡️ SPAC value 2.4B$ -> sun holds 43.2% -> Value to Sun Shareholders 1.05B$
➡️Dividend +Earnout -> 250M$ (after tax)
➡️Net Cash Sun corporate 120M$
➡️Two business at Sun ->Zero

✅Total Assets Value 1.4B$ let assume NAV discount of 30% so net assets 1B$ or immediate upside of 50% to today market cap of 700M$.

Read 7 tweets

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