AltayCap

Value investor. Istanbul. Nothing I post is investment advice. All my writeups are free. No paywalls.

[AltayCap @AltayCapital]

@CompoundingUp Don't think there is a psycho pass machine. There was one a decade ago but none now.

If you haven't tried pachinko it's worth checking out. Strongly recommend the new SAO Alicization machine. Coolest production value by far.

[AltayCap @AltayCapital]

@jszhang0912 I don't know.

[AltayCap @AltayCapital]

So Showa Paxxs (3954.T) went limit up randomly yesterday. I sold a tiny bit and bought a bit more of Sun A Kaken (4234.T) which owns a big chunk of 3954. 3954 did not react at all. Today 4234 reported Q1 an hour ago with OP revised up 123%. Still not sure why 3954 jumped.

[AltayCap @AltayCapital]

@lindgrenowitz @orrdavid @deterrence2020 If you are born with no motivation, low iq, and disabilities, you are not going to make your own luck.

[AltayCap @AltayCapital]

@SowingAlphaSeed @CapitalShipyard They prob didn't 'forget', they blindly imported the document and never looked at it and sometimes basis is missing on tax forms from brokers. Might be a good idea to upload your past tax forms and ask if basis was zero in older ones so you can amend

[AltayCap @AltayCapital]

@SowingAlphaSeed Most tax guys are just slapping things into turbo tax while knowing less than you do. I stopped going to tax folks a long time ago after I had to correct mine over a very large mistake. Had to google it! Ai makes it so much easier now too.

[AltayCap @AltayCapital]

@InvestInJapan @DaBao_ Value investors meeting at Saizeriya

[AltayCap @AltayCapital]

@mrhaeschen I love it lol. I have zero attraction or desire to play regular western slots or table games, but find these fun. Stakes are lower too

I play just to see every machine's wild animatronics and effects, then go to the next one. Rarely play the same one again after seeing the bonus

[AltayCap @AltayCapital]

If anyone is curious just how wild pachinko machines are when winning, this 30s video is worth watching. It's also much much louder in person. Maximum dopamine. This can run for 30+ mins too!

[╵᷅ժ ̀っつん @q6c5Hw5puPqo1I5]

合法ドパガキ演出はこちらです

[AltayCap @AltayCapital]

@christothecium There's a few booby ones, but nothing explicit. Girls in bikinis. I prefer the anime ones personally. They tend to be louder and cooler effects.

[AltayCap @AltayCapital]

It should be much easier to avoid outright scam companies with AI. Just ask your fav ai to investigate corporate governance issues and bad behavior.

Learned this company's founder sold 2 racehorses to the company (price was 10% of mcap), then they wrote 100% down as a loss.

[AltayCap @AltayCapital]

Nanocap HK listed operator of 10 pachinko halls in Japan trades at 0.22x p/b and 1.4 p/e but issued lots of new shares in Dec and Feb.

20%+ diluted at 0.2x p/b lol. No dividend either. Lots of terrible co's in HK. Why own something like this?

Okura 1655. $14m mcap

[AltayCap @AltayCapital]

Other obvious red flags:
Founder bought a much larger competing pachinko chain in 2021.

Founder sold 2 of his competition race horses to his public company for 212m jpy (almost 10% of mcap). Co wrote down 100% of value in few years.

Founder dumped his race horses on public co.

[AltayCap @AltayCapital]

Nanocap HK listed operator of 10 pachinko halls in Japan trades at 0.22x p/b and 1.4 p/e but issued lots of new shares in Dec and Feb.

20%+ diluted at 0.2x p/b lol. No dividend either. Lots of terrible co's in HK. Why own something like this?

Okura 1655. $14m mcap

[AltayCap @AltayCapital]

Totally uninvestable. They also randomly put $4m (entire mcap is $14m) into a SpaceX fund with high fees pre ipo in June and are up $1m on it.

Terrible governance and whoever buys this is gonna get shystered by management.

[AltayCap @AltayCapital]

@SW_Resurgo Yep, I kinda like it though! This new SAO pachinko bonus win is a good example of how wild it is. See the video below

[╵᷅ժ ̀っつん @q6c5Hw5puPqo1I5]

合法ドパガキ演出はこちらです

[AltayCap @AltayCapital]

@reticulosaurus Dynam is a much better bet but also oddball with some governance issue (though much much more tame! Related party sale of plane for ex)

Dynam pays 8% dividend and has repurchase shares! They're a tiny sub scale airplane leasing co these days

[AltayCap @AltayCapital]

@DaBao_ gotta tag since he truly hates HK stocks

[AltayCap @AltayCapital]

@CatNyanpital Yeah. I doubt it's as big as before, but you often see idol concerts at public squares in Tokyo. The pic I snapped above was at a morning market. There were two diff groups performing in public for free there.

[AltayCap @AltayCapital]

Caught an idol performance at the Hachinohe morning market. Was the only white person there!

[AltayCap @AltayCapital]

@jszhang0912 Acquisition went well and stand alone eco mics for it swung positively quite a bit. Only a basket bet for me and I still own it

[AltayCap @AltayCapital]

Some weird transactions in nanocap Japan. Sumitomo Chemical, a $3.5 billion giant, sells a small division to a nanocap net net Nippon Pigment (TYO 4119) for $32m. Nippon Pigment records $44m in net income due to neg goodwill from acquisition. P/E is now 0.68 (¥4,332 EPS)