The company has a running stream of non-IR news on their home page (not IR page. You can go quite deep going through that archive as they put all kinds of things in there.
I appreciate these are just ‘one pagers’ and your thematic is ‘hurdle rate’, but I respectfully suggest a small addition at the bottom headed ‘Headwinds and Tailwinds - At a Glance Requiring Greater Scrutiny’. This will give the articles more objectivity and balance.
For instance, with this company, which I wouldn’t be interest in, has a number of headwinds including: over reliance on key stake holders, low volume, sovereign risks, currrency exchange risks, cultural, legal, and language barriers.
But great article and concept. It has opened my eyes to the importance of PEGY as a screening tool.
These really are just meant to be idea generators rather than getting into any particular detail. Part of my process is actually the first thing I do is a “snap judgment” and this is really just me making that judgement and stopping before the full dive.
Nice find, thanks for sharing! Few things make me as happy as a company consistently paying out 100% of earnings.
> When asked about this, Tibor and Ervin answer with the following.
Can I ask, where did you find this? I couldn't find conference calls on their IR site, or anywhere really :)
Thanks!
The company has a running stream of non-IR news on their home page (not IR page. You can go quite deep going through that archive as they put all kinds of things in there.
Random question what brokerage are you using for Hungarian equities?
Hey!
I use interactive brokers for non-Australian stocks.
Thanks for the swift reply Tristan
Saxo also has Hungarian equities but for some reason this doesn’t come up with them
Not sure why
I appreciate these are just ‘one pagers’ and your thematic is ‘hurdle rate’, but I respectfully suggest a small addition at the bottom headed ‘Headwinds and Tailwinds - At a Glance Requiring Greater Scrutiny’. This will give the articles more objectivity and balance.
For instance, with this company, which I wouldn’t be interest in, has a number of headwinds including: over reliance on key stake holders, low volume, sovereign risks, currrency exchange risks, cultural, legal, and language barriers.
But great article and concept. It has opened my eyes to the importance of PEGY as a screening tool.
These really are just meant to be idea generators rather than getting into any particular detail. Part of my process is actually the first thing I do is a “snap judgment” and this is really just me making that judgement and stopping before the full dive.
You can read about that in this post.
https://hurdlerate.substack.com/p/investment-strategy-in-writing
If you’ve read the deep dives you’d know that I don’t usually skimp on the detail there, but I can take the comment to mind, for future reference.
Thanks
none of these are serious headwinds, some are tailwinds. Language barriers protects the moat. Key stake holders align growth opportunities.