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@investobi Am gesamten Return ändert sich aber doch nichts, da die Ausgabe den Aktienpreis senkt. – Statt 21 Aktien x 1,10 € (23,10 €) könnte Vidrala einfach die Dividende der 20 Aktien auf 1,155 € anheben. 20 x 1,155 € = 23,10 €.

Der bestehende Unternehmenswert wird dann wirklich einfach auf mehr Anteile aufgeteilt. Die Pizza bleibt also gleich groß aber es gibt mehr Stücke. Bei Vidrala ist es die Kombination aus Gratisaktien, Dividendenerhöhungen und gleichzeitig Aktienrückkäufen. Ein Rechenbeispiel zeigt es am einfachsten: Du hast 20 Aktien und erhältst 1€ Dividende pro Aktie = 20€ Nun hebt Vidrala die Dividende um 10% an und gibt Gratisaktien aus. Nun hast du 21 Aktien und erhältst jeweils 1,10€ Dividende pro Aktie = 23,10€ (Dadurch sind wir schon bei einem Dividendenwachstum von 15,5% statt nur 10%) Jetzt momentan kauft Vidrala sogar eigene Aktien zurück in Höhe von 2% der Gesamtaktien und damit bleibt wieder mehr Gewinn pro Aktie und du würdest in dem Beispiel dann sogar 23,56€ erhalten und das entspricht einem Dividendenwachstum von 17,8%, statt nur der 10%. Sag mir bitte Mal, ob das verständlich war. Musste selber kurz nachdenken.

Vidrala hat ein unglaublich langweiliges Geschäftsmodell: Sie stellen Glasverpackungen her. Hinter diesem Geschäftsmodell verbirgt sich aber eine Cashflow-Maschine mit fast schuldenfreier Bilanz und einem aktionärsfreundlichen Management, wie ich es bisher noch nie gesehen habe. Vidrala zahlt kontinuierlich steigende Dividenden, gibt neue Gratisaktien an bestehende Aktionäre aus, kauft Aktien zurück und belohnt sogar die Anwesenheit auf der Hauptversammlung mit einer Zusatzdividende. Vidrala ist die einzige Firma, die ich kenne, die Nachhaltigkeit nicht nur fürs Marketing verwendet, sondern als starken Gewinntreiber. Umso nachhaltiger Vidrala wird, umso mehr Geld behalten sie. Aus diesem Grund habe ich diese sehr ausführliche Analyse geschrieben. Ich bin sehr gespannt, was ihr von dem Unternehmen haltet. $VID $VID.MC

@fivepointscap Spot on. In apparel, accessibility is the silent killer of brand equity. Once a brand optimizes for volume and 'Average Joe' reach, they’ve traded their moat for quarterly growth. RMS and Rolex don't have customers; they have applicants. That scarcity is a moat.

I think the fall of $NKE solidifies the idea that any moat built in the apparel industry is fleeting at best Buffett’s “worst mistake” by his own admission was his acquisition of Dexter Shoe Company for $433M in 1993 And we have a long line of terrible stocks in the space. $NKE, $LULU, $UA, $ONON, $GOOS, $COLM True luxury brands with a long history like Rolex, Cartier, Hermes, Louis, etc. seem to have staying power. Everything else is a race to the bottom.

@investobi Ist das nicht eher ein psychologischer Effekt? Wenn ich eine Pizza in 12 statt in 8 Stücke schneide, habe ich zwar mehr Stücke, aber nicht mehr Pizza. Wenn das Unternehmen dadurch nicht produktiver wird, verwässert es doch nur den Wert pro Anteil.

@investobi Klingt fast zu gut. Wenn Gratisaktien wirklich so ein ‚Free Lunch‘ für den Zinseszins sind, warum ist das dann so eine Seltenheit am Markt? Am Ende ist es doch nur eine Umbuchung von Eigenkapital, die den Unternehmenswert an sich nicht steigert, oder verstehe ich da was falsch?

@TeslaFraud @ElectrekCo @FredLambert stay in your alley of competence

@ElectrekCo @FredLambert Going from a stock fraud company to a crypto company…

Tesla's head of customer experience leaves for Coinbase as talent exodus grows electrek.co/2026/03/30/tes… by @fredlambert

@one_foothurdle @IggyOnInvesting If Mgt decided on one direction, it is quite hard to change to an other. – Bit similar to us as investors, I guess :) (cost sunk fallacy)

Understand your frustration. But I see this as a sunset business where the appropriate capital allocation is to cut cost, capex and return capital. Mgt sees this as the best business in the world and wants to keep growing. I could never invest in this with the current capital allocation.

$CARD factory had been for sure the most frustrating stock I’ve ever owned. Bought slightly below where the stock now trades furring lockdown. It triple from there and is now back down to Covid level prices…. Crazy.

@Suupercharged looks a bit generic

✈️ Travel website concept

@AJButton2 Did you see some good examples of tasks they automate?

"OpenClaw is leading the shift toward AI that takes action" ... And China is leading the shift toward OpenClaw adoption! $BABA has Wukong, an enterprise agent that automates complex workflows. Tencent has QClaw, a WeChat embedded agent that can handle emails and DMs. Baidu has integrated OpenClaw into its search engine. There are dozens of other examples floating around out there too.

@poezhao0605 I think it is simple Sora did not have the distribution / platform. Who want to scroll a website (did they have an app?) with some random AI stuff? They did not any real social feature or interaction

The bigger question behind this: if Sora couldn’t make the economics work, what does that tell us about who actually captures revenue in AI? I dug into the data. The answer keeps pointing to the application layer.

@Mrxseek @aisearchio Because they are a tech company and not a food delivery service

@aisearchio Ummm....? Why is a food delivering company making LLM 😭😭

Chinese food delivery company, Meituan, continues to cook! They just dropped LongCat-Next, a multimodal model. It understands text, images, audio, docs. Free & open source huggingface.co/meituan-longca…

@radioisotope93 long book 😅

1. Buy 2. don't sell?

@F_Compounders The PE of 48 looks risky

The beauty of pest control

@BillDA Where is the growth for Apple coming from in the next decade?

One of these things is not like the others

@forager_gareth Most cards in Europe are these days fx free. Its bs for companies to still charge the customer

My advice, get Wise. Use it for travel needs, use it for overseas-sourced purchases (even if "priced" in AUD, as you'll often get stung for conversion anyway). As both a proselytising user and a shareholder, I'm biased. But not for no reason.

@evfcfaddict Question is, what are these quality assets and are they really that good moving forward.

I rarely agree with Ackman but the cagr going forward for some quality assets managed by quality people are among the highest in at least a decade.

@DutchInvestors None

What Unilever brands do you use regularly?

@DavidMiz282 @ohcapideas Do you think a merger would benefit Exor and the Agnelli family?

@ohcapideas Maybe Exor itself gets merged with another investment firm that isn't public currently. Then as Stellantis recovers in North America with shareprice recover ...make another run at GM.

Taken a few days to get around to it, but $EXO.AS released annual results recently as well as John Elkanns annual letter. A few thoughts as well as why I think the discount persists at such a wide margin.

@ohcapideas Thank you for the thread. – What is your take on Lingotto? Could you image a situation where they just sell there stack in $STLA without changing anything at the company level?

I hugely admire John Elkann. Not many could have done what he has at Exor already. But in my humble opinion, he’s got to make some tough, bigger divestments and better explain what Exor’s identity is and why they remain positioned to provide durable returns. Otherwise, the wide discount could persist.

@fiscal_ai less

24% of Lululemon's stores are now in China, compared to just 8% in 2020. How much of Lululemon's business will come from China in 5 years? $LULU