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Posted (edited)

I hate all this SOTP stuff but I added to Exor today at an ath discount to NAV. Even though owning a Ferrari in the Middle East right now looks pretty bad, Ferrari the stock looks attractive and Stellantis is becoming a rounding error. I'm betting on the failson.

Tencent, a GOAT, seems like a single digit multiple if you count the investment portfolio. I bought some Prosus in honor of Luke @MMM20 and Luke @Luke

Lots of stuff getting repriced.

 

Edited by Cod Liver Oil
Posted
On 2/26/2026 at 3:46 PM, frommi said:

And a more stupid trade, bought SPY and QQQ puts to cover my portfolio for the next 2 months. Maybe this is the year of the put. Reduced my NCAV portfolio to have the money for all the trades, the quality, return and discount has degraded over the last 1-2 years.

Looks like that was not that stupid 😄 . Sold out for a 3 x bagger and bought more CLNX, LON:DOM, SKYH.

Posted
2 hours ago, EgonKuhn said:

New positions in RMS.PA (Hermès International S.C.A.) and G24.DE (Scout24 SE).

Interesting, I’ve my eye on Hermes but still need it to come down a bit further before I can take the plunge. 

Posted
8 hours ago, Cod Liver Oil said:

Tencent, a GOAT, seems like a single digit multiple if you count the investment portfolio. I bought some Prosus in honor of Luke @MMM20 and Luke @Luke

 

Yeah, Tencent is down some 10% after reporting Q4 earnings, which I thought were just fine. I bought some more Prosus as well.

Posted
6 hours ago, Milu said:

Interesting, I’ve my eye on Hermes but still need it to come down a bit further before I can take the plunge. 

I would like to see RMS.PA down below an EV/EBIT of 20 like during the Euro crisis a decade ago. Unfortunately I was too dumb than to recognize it for what it is. Maybe we get there this year or the next one, I would like to buy more of it.

Posted

CSU.to finished big position. Small topicus position. Cprt-Heineken-Brk.b 90% strike one year 18% yield. Mco-kkr-brk.b 90% strike one year 15% yield. 

Posted
On 3/21/2026 at 7:35 AM, EgonKuhn said:

I would like to see RMS.PA down below an EV/EBIT of 20 like during the Euro crisis a decade ago. Unfortunately I was too dumb than to recognize it for what it is. Maybe we get there this year or the next one, I would like to buy more of it.

Ya I might buy a little this week, and buy more should price continue to drop.

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