@aggafter1 Hopefully so, they have the resources, the experience and the right incentives to make it work
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Adrián, Head of the arena
4.6K posts
Adrián, Head of the arena
@adrivalue
Buy-side business analyst in @InvertirDesde0 🧐 | Focus on moats, micro caps and gold royalties, why not? | I never skip leg day.
Spain Katılım Temmuz 2017
316 Takip Edilen8.5K Takipçiler
$CSU.TO carves-out transportation assets - again - from $CNDT for $164M
They might be buying the "Transit Solutions" segment that generated $371M in revenue in 2025, implying a ~0,4x Sales multiple
CNDT is a forced seller due to an total disaster in the implementation of $1 billion transport contract in Melbourne 🇦🇺
Victoria Auditor-General's Office issued an embarrasing audit in March 2026, basically blaming CNDT (overly optimistic delivery schedule; lack of colaboration; performance issues... you name it)
Now the adults will take charge
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Software is dead.
Long live software.
- PCE "Computer software and accesories" price index surged to a record 73% annualized increase
About 1/4 of the increase comes from memory prices ballooning, but what about the remaining 3/4?
My guess is that most of it comes from AI Token-based usage, but the good old software might have something to say here
Thougths? 🤔
Stephen Miran@SteveMiran
Right before giving my seat on the Board of Governors to Chairman Warsh, I published a note with Federal Reserve colleagues, Alessandro Barbarino and Anthony Diercks. We dive into software price trends, which have been a substantial driver of PCE inflation recently: (link next)
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@CJ0pp3l I'm still in shock after seeing they updated their website
I bet Claude did it for them
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@adrivalue lol forget AI man, they have its nicely formatted on their site
csisoftware.com/operating-grou…
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Modaxo, welcome to the family!
It refuses to fix the "VVela" logo, stubborn AI 😆
$CSU.TO h/t @CJ0pp3l
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Dear 🇨🇦 followers, I'll be arriving in Toronto on Tuesday the 12th. Who's up for a coffee, beer, or whatever? 🤜🤛
And yes, I'll be there for the $CSU.TO AGM ofc 👀
DMs open
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Which one of you degens is trolling with the bid in $CSU.TO before the market open?
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$SABR in less than 1Q since CSU engaged with their BoD operating margin soared by +220 bps
Hats off $CSU.TO !
(They might have gotten lucky with the timing, but a beaten man has the right to celebrate a small victory lap 😂)
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@adrivalue +22% revenue... the best long term proxy to authentic FCF is revenue, but you my beloved Adri already knew that ☺️
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$TOI.V results are out cc $CSU.TO:
- +7% recurring organic growth ✅
- FCFA2S +2% YoY 🫤, due to lower changes in WC (noise), higher taxes and higher NCIs ⚠️
- Weak Q for acquisitions, with just €22.5MM (15 deployed + 7.5 deferred) ⚠️
- €38MM deployed in acquisitions since the end of the Q1. Better than Q1 but not great⚠️
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@madcap_cap @benwrightx Exactly, taxes doubling doesn't help either 😂
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$LMN.V kicks off the $CSU.TO family's Q1 2026 earnings season
- Don't be fooled by the -2% organic growth shown in the press release, because recurring OG was +6% (+3% in CC) ✅
- FCFA2S weak as hell with a -56% YoY, so I wouldn't be surprised to see LMN's shares down big tomorrow ⚠️
- The main reasons were higher WC changes (aka noise), higher taxes and some one-off costs related with acquisitions, so no worries from my side ✅
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@bigpoppastonk @Jufort05 And they have already refinanced the expensive debt that $SNCR was carrying
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@Jufort05 @adrivalue They made a big acquisition. Nothing to be concerned about imo.
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"We will post a detailed debrief, along with more photographs, on the Weinberg Center website shortly." 👀
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If anybody was in Omaha and attended this event with $CSU.to speaking, please DM me any notes as I can't find a transcript.
Vancouver Island Guy 🌊@VanIsleInvestor
$CSU Constellation Software
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There's always a way to add value for your customers, no matter how small they are
$ENGH has "EnghouseAI", but the functionalities seem pretty basic (real-time translation, sentiment analysis...), it looks like a LLM wrapper 🌯
Comparing it vs a couple of examples from the CSU universe gives the impression that these two BUs offer a more comprehensive offering, and most of their clients will also be SMBs, right?
(I'm just scractching the surface here, I just wanted to check what are they doing with AI capabilities)
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@adrivalue I would not say "they" have not figured it out, rather it's hard to figure out a profitable use of the current state of technology in small business contact centers (that have limited amount of customer service data by nature).
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@NicoperJES Woah, that's bad. If they haven't figured out AI yet, someone else will
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@dcurras1 LMN customers are usually big telcos with custom payment systems directly linked to the banks, with a very low cost, I think there's no reason for them to switch
TOI customers are mostly based in Europe, so minimal impact here I guess
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Wondering if Topicus / Lumine are also positioned to benefit from this CSI in-house payments platform
I am inclined to think, yes (?)
L@zeroxpectation
CSIPay is live for all $CSU firms! Great move! 1 integration 1 platform: full control over processing, onboarding, compliance & payouts No to generic processors; Yes to purpose-built infrastructure, improving visibility & alignment—shifting payments from dependency to ownership
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