Cyrill

I go from A to Z in illiquid companies below 50mm market cap

[Cyrill @cermrew]

Having had some decent years in the markets I decided to quit my job and give full time investing a shot. This will be my new base - come say hi if you are in the region!

[Cyrill @cermrew]

I was hopeful for Scidev Ltd´s strategic review. But I am not buying into a presentation of buzzwords $SDV.AX

[Cyrill @cermrew]

Groundbreaking! $PFT.ASX

[Cyrill @cermrew]

#LSI.WA LSI Software S.A. seems to be scaling and insiders want a larger share. Buybacks at large premiums look set to increase insider shareholding beyond take-private/squeeze-out majority.

[Cyrill @cermrew]

$NTBR.L
If I had anything to say in this company, I would use the cash, take on debt, and take out half of the outstanding shares.

[Cyrill @cermrew]

@Michael_Kissig Man sollte beachten, dass ein Großteils des Werts durch teure IPOs geschaffen wurde, nach denen die Käufer erstmal große Verluste erlitten haben. Das könnte bei zukünftigen Börsengängen Skepsis schaffen

[Cyrill @cermrew]

@InvestSpecial I have been a customer with them, and I highly suggest reading reviews before investing

[Cyrill @cermrew]

@PhilippHaas_ir I considered subscribing for the airport lounge perk, but after doing research it seemed they are not honored. Would probably need to brake out why people are subscribing and if value is given to them

[Cyrill @cermrew]

Indeed illiquid! #NHST

[Cyrill @cermrew]

@Delta9Echo Would you re-follow me so I can send you a message re Anexo please?

[Cyrill @cermrew]

@Ben_ValueInvest Yep, but as far as I know nobody held on to the original shares

[Cyrill @cermrew]

Anexo PLC $ANX.L
Received the squeeze-out Note.
1) Anyone know a solicitor who has experience in challenging the price of a squeeze-out?
2) Anyone else still holding the original shares?
https://t.co/1Zw8bNX5QT

[Cyrill @cermrew]

Sharing my latest investment thesis in Anexo PLC $ANX.L. Fintwit seemed set on a narrative, but I'm presenting a different view of the situation. Potential value was in the fineprint.

https://t.co/Y4zmsgPqYT

[Cyrill @cermrew]

It has been a year, but I still stand by it.

https://t.co/QR9GucHH7H

[Cyrill @cermrew]

🧵 1/14
Usually I do not comment on macro, yet I think it is worth noting:

Markets haven't been this expensive since 1999, and three things stand out:
- Passive investing dominance
- Multi-decade monetary experiment
- AI revolution

[Cyrill @cermrew]

Or here:
https://t.co/oeUf3EPA8R

[Cyrill @cermrew]

Northern Bear ($NTBR.L) has delivered a 38% return since my analysis on Oct 23.

The next stage of value creation hinges entirely on capital deployment. I analyze management's options using the Cost of Capital vs. Return on Capital framework. Link in Bio.

https://t.co/Idf14I8VB4

[Cyrill @cermrew]

My new thesis on Northern Bear PLC #NTBR.L 🐻The activist seeds planted years ago are finally bearing fruit. The transformation is well underway— and the market hasn't noticed yet.

https://t.co/BRkdWFiRwD

[Cyrill @cermrew]

Sharing my latest investment thesis in Anexo PLC $ANX.L. Fintwit seemed set on a narrative, but I'm presenting a different view of the situation. Potential value was in the fineprint.

https://t.co/Y4zmsgPqYT

[Cyrill @cermrew]

Congratulations to Neo Energy Metals PLC #NEO for being the first company I encounter that holds their Investor Presentation via Telegram. Need I mention that the stock is suspended from trading as a result of delayed accounts?

[Cyrill @cermrew]

@antizykliker The fact that they could not recognize the "one-off" as per the accounting rules warrants the question whether it is truly non-recurring or rather managing expecatitions down.

It is time for a buyback.

[Cyrill @cermrew]

After an extended, almost two-year period of disciplined patience (and zero new positions), I've found four titles over this year's summer. I am curious what comes next!

[Cyrill @cermrew]

$NTBR.L hitting 18-year-high. My estimate for 03/26 is 6mm Cash and EBIT of 4.3mm. All for a price of 16mm today.

https://t.co/Idf14I8nLw

[Cyrill @cermrew]

My new thesis on Northern Bear PLC #NTBR.L 🐻The activist seeds planted years ago are finally bearing fruit. The transformation is well underway— and the market hasn't noticed yet.

https://t.co/BRkdWFiRwD

[Cyrill @cermrew]

@one_foothurdle Thanks for sharing your calculations, I agree with them. At the end of the day - as you said - the estimate is very sensitive to assumptions of discount rate, holding cost, and residual value.

[Cyrill @cermrew]

$DPA.L insider buying bodes well for this liquidation scenario trading at 0.72 P/BV - DP Aircraft

https://t.co/4STORUtvKr