Very strong HY performance from $GAW
> Sales +26%
> PBT +55%
> Incremental PBT margin +91%

Key highlights from the half 👇👇👇 Increasingly optimistic on North American opportunity 🇺🇸

"Delighted to report that we have performed particularly well in North America, a territory where we have increased our investment and efforts."

Must read - "over the past 15 years, a mere five investments have generated 90 percent of Sovereign's gains."

institutionalinvestor.com/article/b150nr… "By going into uncharted territory where most investors don't dare to tread, the Chandler brothers have, in the space of 20 years, grown a family fortune of $10 million into a cool $5 billion -- and they're still in their mid-40s."

INCREDIBLE post from @brettbivens on @Spotify and the long-term opportunity in audio.

My "few key points" that I wanted to share ended up being half the article, there's just so much goodness. Forgive me!

Would love to hear from @eldsjal 🤞🙏

[THREAD]

venturedesktop.substack.com/p/spotify-the-… "...the consumer devices reaching scale today are largely audio-first and elevate the medium in a way that will unlock previously unforeseen use cases and business models..."

Strongly agree, this is self-evident with the explosive growth of smart speakers, AirPods, etc.