Jarratt Davis

Founder of AsAc Group. Special-situation & deep-value investor.

[Jarratt Davis @JarrattDavis]

@Hawkeye_74 What do you think fair value is per share?

[Jarratt Davis @JarrattDavis]

@canemo17 🫡

[Jarratt Davis @JarrattDavis]

Been reading up on the infrastructure spend and I believe they are right to be very concerned...

[Jeremy Raper @puppyeh1]

I think this is a very important point. Big 7 management are clearly not “retards”, they see the way the puck is going and AI represents an existential threat - imminently - to huge chunks of their businesses (esp Google).

That is obvious and means endless capex to win AI race is not optional - it’s almost like maintenance capex at this point - but given it’s forced there is a huge chance it’s malinvestment/just a massive waste of money.

Obviously, in this scenario all the CEOs will tell you it’s not a woodchipper, it’s actually got amazing ROEs to it attached. Internally I bet you there are SOS emails going back and forth (“we have to spend the money Sergey otherwise we fucked anyway”).

It’s just another technology transition where the incumbents are petrified their current businesses are the horse and buggy. They will obviously spend anything, anything, to try to avoid that fate.

[Jarratt Davis @JarrattDavis]

@canemo17 I don't miss Forex 😅

[Jarratt Davis @JarrattDavis]

@activistinvestr It's amazing how detached management can become from owners of the business..

[Jarratt Davis @JarrattDavis]

@puppyeh1 Enjoyed this one. Thanks

[Jarratt Davis @JarrattDavis]

https://t.co/Iu42mgfBLL

[Jarratt Davis @JarrattDavis]

https://t.co/M3KodnYcH7

[Jarratt Davis @JarrattDavis]

https://t.co/Sg46kBmahR

[Jarratt Davis @JarrattDavis]

Going to start posting some of our highest-conviction ideas here.

Would be interested to connect with other deep-value or special situation investors.

I'm particularly interested in nano/micro caps in Japan and the UK, but will consider anything globally.

[Jarratt Davis @JarrattDavis]

@sigmazerocap Could go either way...

[Jarratt Davis @JarrattDavis]

@InvestTortoise The operating business is essentially being priced at zero here.

[Jarratt Davis @JarrattDavis]

@InvestSpecial This is my highest-conviction position for 2026/27.

Currently trading pretty much at net-cash, which is absurd for such a high quality business.

[Jarratt Davis @JarrattDavis]

@choppique Sorry Kenny, I only just saw this, but I think you got it sorted in the end. Let me know if you need anything else.

[Jarratt Davis @JarrattDavis]

@dirtcheapstocks What do you think is the max amount of capital that would allow you to keep shooting fish in a barrel without becoming an activist?

[Jarratt Davis @JarrattDavis]

@everynetnet Yeah that's true. There is also something comforting about using a few different sources to make a decision. I love your focus on NCAV and TBV ( I use both)

[Jarratt Davis @JarrattDavis]

@PiQSuite I won't ask 🤣

[Jarratt Davis @JarrattDavis]

@bondj008 Or a really engaging hobby that keeps you distracted 😂

[Jarratt Davis @JarrattDavis]

@bondj008 I agree with this. Unless it's ridiculously predictable, like a utilities co. or something (maybe)