Fundamental Goob

@HarryStebbings @kaarmann @transferwise @HarryStebbings Where can I watch this?

Very excited to say I have @kaarmann @transferwise on 20VC tomorrow. Question: What do we have to discuss? What questions would you love to hear answered? Twitter, work your magic... 😉

@JamieCDubya The train analogy reminds me of Thiel's 10x technology rule. No wonder Wise was Valar's first EU investment

This article can now be read online moneyweek.com/currencies/wis…

@JamieCDubya Great listen 👍🏻

This is my January 2nd appearance on Vox Markets' Exchange podcast youtube.com/live/UAdAutvV9…

Presumably many more to come.

Morgan Stanley the first IB on the $WISE Platform. newsroom.wise.com/en-NAM/245384-…

@AltaFoxCapital $KMD.AX

It is that time of year... What is your highest conviction stock idea heading into 2025?

About time — wrote some updated thoughts on each of the stonk ideas I've posted on Sűbst@ck this year. Link in usual place (bio)

@BernoulliDefect Why did it go so low in 2002?

Strangely forgotten that the UK had mostly solved fertility by 2008, having grown its fertility rate to 1.92 The year-on-year natural decline at this rate is easily sustainable, only amounting to a ~12.5% reduction every 50 years

@Jave_t23 Not a huge buyback, but $MBUU US wake boat manufacturer has done this

Are there any examples of cyclical companies who pile up cash waiting for the down cycle and then just buy back stock like crazy?

@Jave_t23 @AboveAvgOdds Gotcha. Cheers

@FundamentalGoob Everything I've read so far suggests issues are contained and furthermore apply to the legacy business who's operations are winding down. @AboveAvgOdds's suggestion that it is in managments best interests to generously estimate the losses from this unit is also noteworthy.

Tracker position opened in $VTY.L

@tommyr345 Would trade >30x on ASX for sure

$WISE posts HY NPAT +55pc to £217m on market cap $7.9b, fintech trades around 15x profits, sky high margins, should list on ASX and get itself goosed to Nirvana like $PME $20b market cap :) wise.com/imaginary-v2/i…

@adrianfromnz Great call

Few months late, but just some closing thoughts on Tower. $TWR.NZ / $TWR.AX adriancapital.wordpress.com/2024/09/10/tow…

@fundhunter_co Was this less worse than feared? #OSB traded a touch up

The second biggest loser - The Buy-to-let sector? Stamp duty at 5% is likely to make future investment in this area much harder to make work financially. You immediately lose 5% of your investment due to stamp duty. Thoughts?

Biggest budget loser - UK farming. Subject to inheritance tax (20% over £1m) for what appears to be the first time. Family farms can no longer be passed down - if part of them is sold to meet IHT, they will become too small and unviable. A questionable move. Thoughts?

@MallardResearch @reb40 @groupstageexit Yeah, I get that. Just the perspective of someone new. No fees on same day bookings for operators I've used so far, so haven't had big enough incentive to book outside trainline

@FundamentalGoob @reb40 @groupstageexit You can use any of the train operator sites to book trains with any of the other train operators without any fees.

#TRN Upgrades its upgrade to its upgrade 👍 Good to see upgrades (like profit warnings) can run in 3’s Low margin but operating leverage coming in to play I use Trainline for my travels around the UK & Europe so guess I’ve contributed

@BritishInvestor Cheers👊

Just had a read of @FundamentalGoob's writeup of WISE PLC. Absolutely excellent. If you aren't following them already, please do.

@reb40 @groupstageexit Recent UK mover here: I've been using Trainline for all my small trips. I haven't got a clue of all the different operators, so much easier. But yes the value prop is lower for locals This is coming from a usual tight arse too.

@groupstageexit Can’t make me 😉 In all seriousness I regularly use 4 different train operators so that’s 4 different apps with 4 different log ins and passwords which is a pain 🤷🏻‍♀️ Plus I was recently on holiday in Europe and using 1 app was much much easier Convenience wins

@Leven954 Revolut want to be a full bank in most places they operate, and that will give them direct connection infrastructure. Takes longer though

@FundamentalGoob I’m not sure the market fully understands the regulatory and engineering moat being created here. These things don’t happen overnight and the competition (ie Revolut) sits on third party infrastructure i believe?

Japan next in line for $WISE central bank connections; first non-bank approved. This will be a big one + extends already large direct connections lead. (Asia/Pacific is still only 20% of revenue and I suspect this is AU weighted) fundamentalgoob.substack.com/p/wise-plc-ram…

More director buying here. LT independent Phillip Bowman brought 200k shares on Monday. He's purchased $310k on-market this year. Gets $140k pa to sit on board. cdn-api.markitdigital.com/apiman-gateway…

Supposedly just 10% of London commercial properties account for 90% of vacancy