Mark Narramore
7.7K posts
Mark Narramore
@marknarramore1
Equity Analyst (South Africa and Global) and outdoor enthusiast. Retweets ≠ endorsements. Tweets are not financial advice
Cape Town, South Africa Beigetreten Ağustos 2015
985 Folgt2.8K Follower
SpaceX IPO valuation: $2 trillion.
P/E ratio: ~1,000x.
For reference:
At 1,000x earnings, if SpaceX grew earnings 30% per year — every year — it would take 27 years to grow into its valuation.
At 50% earnings growth per year?
Still 18 years.
This isn't investing.
It's a pledge of faith.
SpaceX is extraordinary.
The technology is real.
Starlink is a genuine monopoly.
But at these multiples, you are not buying the company.
You are buying the dream.
And dreams don't always compound.
Thierry from arvy 🇨🇭@ThierryBorgeat
Something deeply uncomfortable is happening to the Nasdaq-100. SpaceX is targeting a $1.75 trillion IPO. Nasdaq wants the listing over NYSE. So Nasdaq is rewriting its own rulebook. Here's what they are proposing: 1️⃣ "Fast Entry" rule: any mega-cap IPO gets added to the index after just 15 trading days — bypassing all standard seasoning and liquidity requirements. 2️⃣ A 5x multiplier for low-float stocks: if SpaceX floats just 5% of shares, passive funds are forced to buy as if it were weighted at 25% of total market cap — $438 billion of phantom weighting. The result? Tens of billions of price-insensitive passive dollars — your pension, your ETF, your QQQ — are legally mandated to buy SpaceX at whatever price it trades to on Day 15. Hedge funds will front-run this guaranteed bid aggressively. Then when the lock-up expires, insiders flood the market with shares — at the exact moment passive funds are again forced to buy more. "If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." The sucker is every passive investor in a Nasdaq ETF.
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@JohannBiermann1 Most of the big coffee brands have raised their prices to catch up to the existing coffee price to manage their profitability (higher sales and lower % margin) and some have even taken the pain (to gain market share like illy have). Coffee producer decision vs retailer.
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@marknarramore1 My question stands though, at what level do you see movement on the retail end? What kind of time lags etc do you expect?
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Anyone in the coffee industry seeing this actually happen? How much further should coffee fall for consumer to see the effect?
Barchart@Barchart
BREAKING 🚨: Coffee Coffee falls to its lowest price since November 📉 Congrats everyone, enjoy ☕️☕️
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@SashtonSean Hey Sean, If you have not already listened, Sam gave a great interview on TED about three weeks ago on this topic:
youtube.com/live/5MWT_doo6…
YouTube
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We are going to be hearing a lot more about “AI agents” in the coming years. Everyone will land up having their own personal assistant doing work for them. Likely to be tantamount to a massive expansion of the effective workforce without any more human workers. There is likely a productivity explosion ahead of us!
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South Africa 🇿🇦 gets a medal in the 4x100m relay. Simbine gets his medal ❤️!
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Mark Narramore retweetet
Trump 2.0 would not play out like Trump 1.0 in markets ft.com/content/0aca45… via @ft
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@DilBradly @LT_Investor_SA UK is irrelevant for BAT, and I don't think Allan Gray would move the price vs. global investors.
Too cheap and technicals looking better with a golden cross + other tobacco players hitting 52 weeks highs.
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@LT_Investor_SA Allan Gray adding … also saw UK want to clamp down on smoking …choose your story :)
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Is this what’s behind recent ⬆️ price trend in BTI, or impact of buy-backs ?
Tobacco Insider@tobaccoinsider
US FDA authorizes BAT's tobacco-flavored Vuse Alto pods Read more: tobaccoinsider.com/the-us-fda-pmta A major win for BAT. Altria’s NJOY is no longer the only pod-based product with marketing order granted (- yet, it is still the only menthol product authorized) $bti +1.8% $bats +2.5%
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Mark Narramore retweetet
Mark Narramore retweetet
Today, FDA issued marketing granted orders to NJOY LLC for four menthol-flavored e-cigarette products.
All tobacco products are harmful and potentially addictive. Those who do not use tobacco products shouldn’t start. fda.gov/news-events/pr…
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@mommy_moneyza Grocery shopping is cheaper in France (some of their food is subsidised though).
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We are catching up to Europe. I bought 6 large eggs @ R40 at a grocery store. 6 large eggs at Woolies costs approx R30. In Greece, food items are at 13% VAT and discretionary items attract 24% VAT. Cars are cheaper to buy here vs SA
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@CAPITALSIGMAza Need to convince the foreigners more importantly:)
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@marknarramore1 Please can you tell all your compadres to rebuy SA again. 🙏 Rebuy what they so violently sold off brainlessly last 18 months.
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South Africa may have had the most positive election outcome in the world this year (from a market friendly perspective).
Who would have thought?
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