Viktor Manev
7.1K posts
Viktor Manev
@VM_IMPETUS
Investor | Strategist
Sofia Katılım Ağustos 2009
1.7K Takip Edilen735 Takipçiler
@PhantasTrader @ThomasTangMI 2/ changing sales channels, with sales CAGR of 40+% for the last 7 years, and low leverage impacts increase of DSO and AR. Correctly assessing models and businesses is professionalism. Not everyone is a CFA or a professional.
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Insightful rant by @Thomas43810951 at MediumInvest, where he addresses @jptissot1 & @ricardog_77 main reason for their exit in $SLYG.
In the pic below I tried to elaborate on it further. Perhaps the market partly owes $SLYG an apology?
Should I mention I bought more stocks?
Thomas Tang@ThomasTangMI
$SLYG 1 - The right way to calculate days of sales outstanding (DSO) is to compare accounts receivables (AR) with sales of the period that generated the AR. In a company with sales split relatively evenly between quarters, you can calculate DSO almost any way you like. For a company like Shelly that is growing rapidly with sales heavily concentrated in Q4, you must take care to match AR with the sales from the period that generated the AR. If you calculate DSO based on the last 4 quarters, you get a huge jump in Q4 2025 which is very alarming. If you take care to match the AR with the relevant sales period, DSO calculated on the last two quarters of sales increased much less dramatically by 13 days to 129 in Q4 and importantly did not follow the usual seasonality of decreasing DSO in Q4. This is a yellow flag.
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@fedex774 What about urea and helium (not) coming out of the Gulf?
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If you live in Europe please prepare for what's about to come because Europe is so fucked.
Brent oil is around 115.
European natural gas is up 160% in a month.
The european industry is gonna get hit so hard, automotive especially.
Keep some cash aside bro, do yourself a favor.
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@Franfra51045228 Intimate? What you mean? Did he sleep with the CEO?
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SHELLY $SLYG is casually down 40% from the highs because some random guy on FinX who inherited some money from his mother put up a fund and decided to sell the stock and call it "suspicious".
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To @SharogradskyM and the rest, my latest haiku
感情が勝つ
ファンダメンタル霞む
タイミング制す
日本語
From #bloomberginvest NY conference: if #oil prices stay high enough and long enough we are in for recession. IMPETUS build great fortified portfolio with #energysaving cos $SLYG $HYDR
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@AktienAkademie @SharogradskyM @FrehrInvest — a Western European peer with the same operating profile but a 25% tax rate would show materially worse PEG ratios.
In short, $SLYG is worth following as it performs very good.
DISC LONG
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@AktienAkademie @SharogradskyM @FrehrInvest We need to look at PEG ratio over 2026E-27E. If the ratio is below 0,8 than one can consider that this, as any other stock, is attractively valued at present. Key element here is the 10% Bulgarian tax rate which is a major driver for a low PEG ratio 1/2
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Next week I’ll be meeting several companies 1-on-1 with their CEOs:
• Shelly Group $SLYG
• Ceotronics $CEK
• Steyr Motors $STEYR
• JDC Group $JDC
• Yoc $YOC
If you have any questions for the companies, drop them below — I’ll ask the CEOs directly. Fire away.
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@FrehrInvest UK is larger than the DACH market and taking UK should be a very good target in sustaining growth. If $SLYG grows in the UK, Poland and France they may keep 45+% CAGR in sales for multiple years.
Thank you for your time and coming back.
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@VM_IMPETUS In my 1-1 meeting with Wolfgang (Shelly CEO), he talked very positively about UK. He also talked about US, but that seemed to be longer out in the future.
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Viktor Manev retweetledi
I've always wandered why those Thracian helmets had this specific shape.
So I did some digging, here is what I've found:
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@SharogradskyM Europe is going to have an interesting development. New, shining #tech stars will emerge just like $SLYG. There are great opportunities for both Israel and Europe to coin next tech leaders.
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@SharogradskyM @SharogradskyM, do you think that AGI development is the next frontier for $SLYG?
DISC LONG
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Next level will be when market recognize how huge AGI development is for $SLYG agents can help with home configuration of devices and every amateur will become master of scripting and configuration at zero time consumption 🤯
next few years will be not less exciting than 4 last
Mark Sharogradsky@SharogradskyM
$SLYG Montega upgraded with 79 Price target Shelly X , Platform, Energy Meters and USA will lead the company above this price I think when after Q2 report company will raise guidance I hope 🙏
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@fedex774 @VM_IMPETUS Plejd delivered also outstanding Q4 numbers, and additional FX tailwinds more likely
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@JohannesKillman $SLYG has made 84x the money since its 2016 #IPO and growing
DISC LONG
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Shelly Group kan man lita på,
Plussar på börsen trots surt segment
Bulgarerna verkar slita fullständigt i vem Grönland tillhör 😄
$SLYG 🇧🇬 🇬🇱 📈
Svenska
@fedex774 @fedex774 I like your $SLYG #valuation approach. It brings additional justification to my previous write up on the topic linkedin.com/pulse/birth-gr…?
DISC LONG
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SHELLY GROUP $SLYG just confirmed its revenue target for 2026: €200M.
This is my updated valuation.
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@mavix_leon This is among the revenue streams which the co-CEO Kirch was referring that were never part of the assumptions for the future target revenues
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