Investment journal 5.6.2019: Tinkoff equity raise

Yesterday, Christian Ryther, portfolio manager of Curreen Capital, came up with vlog entry on merits of investment journaling. I keep mine, a lot less structured than what is mentioned in the vlog, but investment journal anyway. I enjoyed the video so much that decided to publish my latest entry re Tinkoff :). 5.6.2019 Tinkoff update So …

Against the credit in Russia: Case Tinkoff

INTRODUCTION Tinkoff Credit, Russian fintech Low 6.4x P/E 2019E, based on guided profit for 2019, which management kind of indicated will be beaten Modern digital only consumer "financial supermarket", focus on credit cards Probably the biggest and most profitable digital-only bank in Europe (~8,4 m. customers) Excellent long-term growth track record, 38 % net profit …