1. $MELI BOA Downgrade (PT 1350$) thoughts.
Brazil used to impose import duties (60%) on Cross border transactions, but enforcement was lax. Now, they plan on providing a 50% exemption but impose 17% VAT. 2. BOA worries this lowers the bar for X border participants, encourage investment, and will impact the whole Brazilian EC business. He lowers $MELI multiples off the assumption that 25% of GMV is at risk. This is somewhat negative news short term. Few things to keep in mind:

$OTL.OL's, Q4FY22 out with solid results. Strong demand and Firm pricing (unsurprisingly). Growth, increased efficiency & margins (in all segments), Deleveraging, and capital returns: Initiated 100m NOK (5.5% Yield). Long contracts, cross-selling, reselling opportunities on top of new contracts won drive the business's progress.

B1. $OPRA part B - reasons for mispricing and thoughts about them:
Majority owner, CEO is a Chinese Billionaire Citizen Yahui Zhou . Western investors didn't like anything China in 2022. But a) EU company, EU board, KPMG accountant. tinyurl.com/2p8468k2 B2. Also, why would capable management, CFO hang around if they thought this is an issue? Plus the man does seem to be benefitting the company.

Let's talk about an investment idea, but let's try something different: Help me find ways to kill this long idea. There will be 2 parts. The essence of the long idea and the risks/reasons for mispricing (more interesting): $OPRA is trading 50 cents on the dollar. Here's part A: A1. $OPRA - the Opera Browser company, is cash loaded business that grew revenues at ~50%, trades at roughly 3-4 times Ebitda, bought back a huge chunk of its outstanding shares, and just paid ~11% dividend yield.

EPSILON NET: Continuation of the strong growth course with an increase of 72.5% in the Group's Turnover & 73.4% in EBITDA for the first half of 2022
$EPSIL The receivable picture improved as Singular Logic was "digested" and EPSIL standards were applied. I'm not sure if they raise guidance, but I'm pretty sure CY exceeds it.

$NPK.TO's Founder enters an Automatic Security Disposition Plan. TL;DR: Acceptable and supportable but this should really have been done better. I'm happy to see the Veloso family reap the result of their sacrifice, and assuming no more surprises here, expect to see Verde - Green Background: Long-term followers of Verde Agritech's story will remember the early days, when Cristiano, armed with a big vision and small purse set out to build what was to become a highly profitable business. The barriers were insurmountable and the cash was nonexistent or low.

$NPK.TO Shareholder Meeting. Each and every interaction with the company quickly deteriorates into a long, detailed, online, frank Q&A session, down to the last question. @CristianoVelos9 patently enjoys taking questions & discussing the business. Rare. Pro shareholder tip - attend all the meetings. You will find out a lot about this business!

$GIGSEK CEO interview. tinyurl.com/2wnz2fve
Gaming is pretty much the cheapest form of entertainment in hard times. At 8% 10Y, lots of new clients. Whats interesting here is the combination of a strong, growing heritage media biz ~35% ebitda margin hiding a recurring sticky INTL Platform Biz, capable of running @ 45% FCF margin while growing, and on top of that stronger shareholder representation on the Bord with the purpose to streamline needless significant expenses. Single-digit multiples make it a good place to weather the storm.

We had the pleasure of a full day with $EPSIL.AT senior management during their visit to us & the rest of a large Israeli investor base, in a rare feat of high-quality shareholder friendliness and communication.
@Assaf_Nathan @SharogradskyM @LucidCap (and others) Every time I speak to the company I come out with an appreciation of the size of the opportunity that lies ahead plus the magnitude of the Qualitative advantage Mr Michos' leadership generated. Some of these are visible on the P&L now, but most, I think, will become apparent.

$SHVA.TA Problems in Paradise - Part II. Q1 Report quietly slipped to the market after the weekend market close - a never promising sign. As said earlier, this very special business is facing some significant issues for investors.

https://twitter.com/pbcinc/status/1514233613692411914?s=20&t=2RKYsT3ShkjMuqnByLFhNA

The 18.7% growth in Card transactions and 6% in ATM were strong as Israel shakes off the Covid related restrictions but only resulted in 5.5% Revenue growth as the big contribution of terminals Revenues is now past us.

$NPK.TO to Uplist to the US on Q3 2022.

Plant 2 launches 3rd week of August Verde is seeing demand from Asia and is excited by the possibility to sell K Forte to Asia as well as Brazil. This would fill up demand to 13, 25 tones and higher.

Verde Agritech's Q1 results signaled how the thesis progresses well. However, one blemish was what looked like a tad low KCL USD equivalent price compared to market terms. Here is why I think it is not an issue: $NPK.TO was unleashing a massive (willing) market penetration push even before the Ukraine crisis. During the whole of 2021, with a much softer price environment, Team Vered was selling K forte for Q1 2022, offering discounts for farmers willing to commit for the future.

$MELI's 1Q 2022 video presentation, esp starting at 4:47 spot, is a nice touch. The whole first segment is a welcome change from a boring press release read by management.
edge.media-server.com/mmc/p/4wnopf67 While other marketplaces suffered as the world opens, $MELI managed to prove it is far more than merely a "shop" but more of a social utility - touching the lives of its users daily and deeply - every day, online and offline. This is a rare quality few companies possess.

This Famer Testimonial about using $NPK.TO KForte (KCO) connects the dots between Chloride free potash & application of microorganisms (Bio Revolution product line).

More on Bacillus Aryabhattai:
blog.verde.ag/nutricao-de-pl…

$SHVA.TA State of the Union or “Trouble in Paradise”. Thread.


1/n $SHVA.TA, Israel Card Network, is undoubtedly one of - if not THE - best business in Israel for reasons followers will already be familiar with.

2021 FY results blew the ball out of the park and illustrated what a great business looks like.
2/n

$XPEL FY 2021:

Revs ⬆️ 63.1% to $259.3m ($158.9). Organic revenue growth ⬆️ 52.9%.

Net income ⬆️ 72.7% to $31.6m, $1.14 per share,($18.3m, $0.66 ps).

•EBITDA ⬆️ 74.5% to $44.1 million, or 17.0% of revenue, ($25.3 million, 15.9% ) h/t @LockStockBarrl

Really impressed with what $CTT.AX management team pulled off. I think the market is too lazy to get how unique is their value proposition to Brands seeking tech to access a global distributed online tech solution; The unbelievable operational efficiency they accomplished .. with but a fraction of Costs and Expenses other players needed at this stage (probably not much to add up to 1 billion in gross sales) on Marketing, Operations, the sheer size of the opportunity, or the relentless drive displayed here. #long #not_a_rec.

$SHVA.TA 1St H Notes. May 2021 Apple Pay iOS launched with strong acceptance and usage.
Online Transactions are increasing.
Domestic Tourism (Covid-19 days) provides a backwind.

Stay tuned as I am about to tell you of an incredible up-and-coming Marketplace in North America no one noticed. It's a highly profitable innovative unit econ growing microcap tackling a massive opportunity. I think it's a double short-term and 10Bagger material. 1. Powerband Solutions ($PBX.V) is an under-the-radar, Second-hand US Car marketplace platform Canada traded microcap already on its way offering a conservative 100% upside in 2 years for smart investors paying attention.

$SHVA.TA 1Q21 result for a Covid restrictions TL;DR: EMV POS recurring revs generate strong Rev growth in spite of a slight decrease in transaction numbers (q/q), Despite continued investments, profit surges. Now, what happens with a fully functioning economy? ...1 Q Card Debit actions ⬇️ by 1M (396/397), ATM 25,767/26,569). However, the transition to higher monthly priced EMV POS generated Q 26,547KNIS (21,188) ⬆️ 25%.

Op expenses 14,928 (12,461) ⬆️ 19.7% on personnel employed to execute strategic plan + some professional services ...2

$CDON FY 2020 thread.

1) TL:DR: Extremely early days. The budding 3P marketplace is growing like weed > 80%. Management understands the opportunity and, more importantly, what needs to be done to make it. The selloff was a great entry opportunity for those who paid attention. 2) 3P marketplace growth >80% is a very strong performance, doubling the market growth rates. What is even more important at this stage is to answer the question, does management understand the opportunity and can be trusted in its capital allocation. With a high-quality business