Real Madrid star buys 1.2% of Hundred franchise ‘I love cricket so I’m so happy to be on board’ Jude Bellingham has explained his decision to buy a minority stake in The Hundred franchise Birmingham Phoenix, saying: “I feel like I owe the city something”. The England and Real Madrid star has taken a 1.2% holding in the Edgbaston-based Hundred franchise, revealing himself as the unnamed investor wh...
Real Madrid star buys 1.2% of Hundred franchise ‘I love cricket so I’m so happy to be on board’ Jude Bellingham has explained his decision to buy a minority stake in The Hundred franchise Birmingham Phoenix, saying: “I feel like I owe the city something”. The England and Real Madrid star has taken a 1.2% holding in the Edgbaston-based Hundred franchise, revealing himself as the unnamed investor who had been mentioned in the annual accounts of the parent club, Warwickshire. Continue reading...
shcherbak volodymyr/iStock via Getty Images Red Cat Holdings, Inc. ( RCAT ) is seeing tremendous growth. The company is targeting a fast-growing drone market that continues to see an increase in demand. The growth and market in which Red Cat operates is what drew me to the stock in the first place and why I gave it a buy rating when I previously reviewed the stock. The stock has performed well sin...
shcherbak volodymyr/iStock via Getty Images Red Cat Holdings, Inc. ( RCAT ) is seeing tremendous growth. The company is targeting a fast-growing drone market that continues to see an increase in demand. The growth and market in which Red Cat operates is what drew me to the stock in the first place and why I gave it a buy rating when I previously reviewed the stock. The stock has performed well since I last reviewed it to start the year. A lot changes in a few months with a company moving as fast as Red Cat. Furthermore, world events are keeping investors on their toes, particularly with defense stocks. Recent global conflicts are increasing demand and the need for their technology and products. The company saw revenues increase to a point of scale in the fourth quarter. The company has grown its manufacturing capabilities in an impressive way. It has come at a cost to margins, but it has positioned itself to capitalize on future growth. Margins and expenses continue to be a concern for the company. It will be something to continue to watch as the company starts to produce at scale. At current margins and expense rates, the company will take years to get itself to a point of profitability. There are risks, as the company is burning cash and is a long way from profitability. I think overall, the market trends and strength outweigh the risks. The demand is growing, and the company has positioned itself to take advantage of that growth. Financials The company reported a large step up in revenue and volume during Q4. Revenue in Q4 was $26.2 million; this is up from $1.3 million in the prior year. The more impressive part was the growth sequentially from Q3, which was 172%. For the full year, the company reported revenue of $40.7 million, an increase of 161% from the prior year. Q4 was really the quarter where the company scaled production, and revenues showed the result. While the revenue growth was fantastic, the gross margin continued to be a major concern. The company...
FooTToo/iStock via Getty Images (All figures are in EUR, or otherwise indicated; figures are as of the latest reporting quarter, Q4 25, or indicated) Investment Thesis Vonovia's ( VONOY , VNNVF ) [VNA] share price had a roller coaster ride this year. After a strong start with +17% to EUR 28.70 until February 27th, the shares declined by -18% to EUR 21.56. The reason for the strong decline was the ...
FooTToo/iStock via Getty Images (All figures are in EUR, or otherwise indicated; figures are as of the latest reporting quarter, Q4 25, or indicated) Investment Thesis Vonovia's ( VONOY , VNNVF ) [VNA] share price had a roller coaster ride this year. After a strong start with +17% to EUR 28.70 until February 27th, the shares declined by -18% to EUR 21.56. The reason for the strong decline was the start of the conflict in the Middle East and fears of higher inflation. However, while VNA is sensitive to higher interest rates, the strategies to drive future growth of VNA's business operations are ongoing, and I estimate double-digit returns in the years ahead. Additionally, shareholders buy EUR 1 of equity value for EUR 0.50, as VNA shows a NAV discount of ~50%. Also, VNA pays a dividend that yields ~5.4% at current share price levels (EUR 23.50). Business Overview Vonovia is the largest real estate company in Europe, with a market cap of 18 billion at the share price of 21.56. Enterprise value is at 42.6 billion, with cash of 3.6 billion and net debt of EUR 39.4 billion. FY-25 adj. EBITDA is at 2.8 billion with adj. EBT at 1.9bn and adj. shareholder earnings at 1.5 billion. Generally, VNA operates across four business segments: Vonovia Click to enlarge Earnings Overview FY-25 - Results & Presentations Rental segment: The largest segment is based on generating rents from its excessive residential real estate portfolio, which spans across Germany, Austria, and Sweden, as the following overview from the Q4 25 presentation shows. Total adj. EBITDA rental amounted to 2.44 billion with a growth of +2.5% and a contribution of 87% to total adj. EBITDA. Even though organic rental growth was at +4.1% in FY-25, the portfolio generated top-line growth on the basis of 539.7k residential units. This is about -10k on a residential unit basis (YE 24: 539.7k). Total rental revenue for FY25 was at 3.4 billion, with a guidance of 3.45-3.55 billion for FY26e (FY24: 3.3 billion). Besides,...
Beyond Gandalf and Magneto, the 86-year-old stage and screen star has a grand career as a great Shakespearean, not to mention his work as an LGBTQ+ rights campaigner. He’ll be here to discuss it all We could wang on about how great Sir Ian McKellen is all day. Millions know him as Gandalf in the Lord of The Rings and Hobbit trilogieswhile others know him as Magneto in the X-Men franchise, for whic...
Beyond Gandalf and Magneto, the 86-year-old stage and screen star has a grand career as a great Shakespearean, not to mention his work as an LGBTQ+ rights campaigner. He’ll be here to discuss it all We could wang on about how great Sir Ian McKellen is all day. Millions know him as Gandalf in the Lord of The Rings and Hobbit trilogieswhile others know him as Magneto in the X-Men franchise, for which he’s revealed he wore a sculpted undersuit to give him a more muscular torso. He returns in Avengers: Doomsday later this year. But don’t be fooled by the blockbusters; McKellen has been and still is one of the finest actors of his generation. On film, his roles go back to A Touch of Love in the late 1960s, playing John Profumo in Scandal in 1989, and starring in and producing Richard III in the mid-90s. A late90s double whammy – Gods and Monsters, for which he was Oscar nominated, and Apt Pupil – put him over the top, after which he rolled into the aforementioned franchises, resulting in 11 appearances (so far). In between he’s managed some great stuff, such as the ageing ’tec drama Mr Holmes, theatrical thriller The Critic …. and the voice of Zebedee in The Magic Roundabout. The less said about Cats the better. And now he’s taking a lead role in the new Steven Soderbergh film, The Christophers, opposite Michaela Coel. Continue reading...
Anker has announced its own custom silicon that the company says will bring local AI to audio devices, mobile accessories, and IoT devices. The Thus processor is the world's first neural-net compute-in-memory AI audio chip, which is smaller than traditional chips, and requires less power to run complex computations. That makes it an attractive solution for smaller devices. When comparing Thus to e...
Anker has announced its own custom silicon that the company says will bring local AI to audio devices, mobile accessories, and IoT devices. The Thus processor is the world's first neural-net compute-in-memory AI audio chip, which is smaller than traditional chips, and requires less power to run complex computations. That makes it an attractive solution for smaller devices. When comparing Thus to existing chips, Anker CEO Steven Yang said, "Every AI chip built until now stores the model on one side and does the computation on the other. To think, the device has to carry all those parameters across, many times per second, every single infere … Read the full story at The Verge.
Bjorn Bakstad/iStock Editorial via Getty Images While it’s true that the stock market as a whole has shaken off the rising geopolitical tensions in Iran plus a weak macro in rather quick fashion, the notion of the “SaaSpocalypse” is still very much alive, and in the software sector, a deep bear market has escaped very few stocks. Salesforce ( CRM ), often considered the pioneer of cloud applicatio...
Bjorn Bakstad/iStock Editorial via Getty Images While it’s true that the stock market as a whole has shaken off the rising geopolitical tensions in Iran plus a weak macro in rather quick fashion, the notion of the “SaaSpocalypse” is still very much alive, and in the software sector, a deep bear market has escaped very few stocks. Salesforce ( CRM ), often considered the pioneer of cloud applications technology and a premier leader in the space, hasn’t been spared. Long a growth stock that traded at heady revenue multiples, Salesforce’s ~30% decline since the start of the year has now positioned the stock at earnings and cash flow multiples that are well below overall S&P 500 averages. The question is, is this a permanent re-rating for Salesforce, and can it thrive in the AI revolution? Data by YCharts I last wrote a "Buy" article on Salesforce in January, when the stock was still trading above $240 per share. Since then, Salesforce has continued a frustrating slide downward, even as founder and CEO Marc Benioff continues to assure the market that it’s wrong on the endgame impacts of AI on software. Amid the sliding valuation on top of clear evidence that Salesforce is not facing wholesale disruption, I’m reiterating my "Buy" opinion on Salesforce. Zooming Into Salesforce’s Pivot to Agentforce It’s now impossible to discuss the prospects of any software company without first discussing the “SaaSpocalypse” and what impacts AI will have, if any, on the business. I’ll back up for a minute to my broader macro view: I n my opinion, the SaaSpocalypse is overstated. AI will have an impact on software company business models, but the impact will be more limited and selective - constrained largely to companies that primarily price their products on a per-seat basis. While Salesforce’s legacy cloud products like CRM and even newer acquired products like Slack are seat-based, Salesforce has two things going for it. The first is that Salesforce is a large enterprise business. Th...
Most veteran investors will acknowledge Coca-Cola (NYSE: KO) is one of the market's most revered dividend stocks. But how good is it in practical terms? Specifically, how much dividend income would you have collected had you invested $4,454 in 100 shares of the beverage giant back in April 2016? Since that point in time, Coca-Cola's quarterly dividend payments have not only continued to be made li...
Most veteran investors will acknowledge Coca-Cola (NYSE: KO) is one of the market's most revered dividend stocks. But how good is it in practical terms? Specifically, how much dividend income would you have collected had you invested $4,454 in 100 shares of the beverage giant back in April 2016? Since that point in time, Coca-Cola's quarterly dividend payments have not only continued to be made like clockwork, but have grown from $0.35 per share then to $0.53 now. During this stretch, each share dished out a total of $17.12 worth of dividend payments. Owning 100 shares of KO, therefore, would have put $1,172 worth of cash payments into your portfolio during this 10-year timeframe. This figure assumes you aren't reinvesting dividends in more shares of the company, of course. Had you been doing so, you'd have pocketed at least a little more. Continue reading