YTD and COVID performance I have been a bit busy in work during the COVID mayhem, so I haven't been writing for a while. I'm down 10,4% YTD. Those leveraged retail and restaurant plays in Outre-Mer territories and Portugal going in almost got better of me. I was down over 30% at worst with almost … Continue reading YTD returns, portfolio rundown (and story about boss)
Tinkoff
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 … Continue reading Investment journal 5.6.2019: Tinkoff equity raise
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 … Continue reading Against the credit in Russia: Case Tinkoff
backoftheenvelopeinvesting 