$III.L (Action) share buyback update!
They keep buying back shares at a massive pace under the £750 million SBB program. For reference, that’s ~3% of today’s market cap.
Love to see them increasing the pace of buybacks as the share price declines.
This is how it should be. Buffett would be proud.
@gn_op1@BradoCapital Well... The Watches of Switzerland Group is a luxury watch retailer and partner that sells and maintains Rolex watches. So close enough.
Good news for Action $III.L, Zalando $ZAL.DE, and Allegro $ALE.WA. Bad news for $PDD and $BABA.
Chinese retailers are losing ground in Europe due to the new regulations.
40% revenue growth sounds fantastic.
But we'd rather own:
10% growth for 20 years
than
40% growth for two years.
Most value lies in the duration of growth, instead of the pace of a single year.
$ADYEN’s revenue per employee (€600,000 a quarter) is best-in-class and a key reason why they have such high margins.
The rise of $DLO’s rev/e is remarkable as well.
@search4valueNew Of course it is. But these are similar companies in terms of operations and might as well turn out in superior investments. Wanted to give FinTwit some inspiration.
Looking for the next Constellation Software?
Topicus $TOI.V
Chapters Group $CHG.DE
Teqnion $TEQ.ST
Tasmea $TEA.AX
Looking for the next Geico?
Kinsale Capital $KNSL
Protector Forsikring $PROT.OL
Ategrity $ASIC
American Coast Insurance $ACIC
Looking for the next Amazon?
Mercado Libre $MELI
Pinduoduo $PDD
3i Group $III.L
Sea $SE
(We know these aren’t perfect examples, but you get what we’re saying.)
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