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This was a lot of fun @Patrick_Poke
livewiremarkets.com/wires/wh…
Harley Grosser retweeted
Been a while since my last write-up on a stock. Turns out adding a 4th kid to the mix doesn't leave you a lot of free time for hobbies...
Today's write-up is on Airtasker $ART.AX, it's my attempt at trying to understand the media deals.
amateurcapital.substack.com/…
$RDY receives NBIO at $2/sh via scheme from TSS, spin off from Constellation afr.com/street-talk/toronto-…
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Harley Grosser retweeted
Atlassian’s results surprised Wall Street, but it shouldn’t be a surprise. The simple heuristic for the future of software is that when there are 100X more agents than people, which parts of software will grow because agents are doing more work that the underlying software is tied to.
If the world generates more code, generates more leads, reviews more contracts, processes more invoices, creates more designs, transacts with more payments, and so on, what are the underlying systems that are managing that work? That will give you a hint as to what happens next.
These agents still need guardrails, security, compliance, workflows to be tied to, data stored, and so on. Those parts of the system of record ecosystem will only go up over time in a world of 100X more untrusted (and trusted) agents used in your workflows.
Harley Grosser retweeted
I would have expected the market to start discerning between SaaS that is impacted by AI, SaaS that needs to evolve, and SaaS that benefits from AI. Analytical SaaS, Creative SaaS is in category 1, System or Record, Human workflow and Engagement and Productivity are in category 2 and Infrastructure SaaS and Cybersecurity are in 3. This constant paranoid reaction of the market will continue to create buying opportunities for the discerning.
Harley Grosser retweeted
Be optimistic!
@GavinSBaker: “My best guess is that we would need roughly 1000x more compute for the unlikely hypothetical scenario described by Citrini to be remotely possible and the time it takes us to get there will give humans time to adjust and maximize the many potential benefits of AI. It took over 50 years after James Watts invented the rotary steam engine for locomotives to broadly replace horses. AI should be faster, but we will have time to adapt and adjust. And humans have the great advantage of only needing 20-30 watts to achieve “general intelligence,” which will remain an advantage in a watt constrained world. So a smoother for longer AI cycle is good for humanity, not just financial markets.”
Harley Grosser retweeted
Hard to poke a hole in $LBL result. Revenue up 13% despite some planned machinery replacements, record gross margin in core Services segment, PBT up 154% as opex normalised from last year.
Orderbook 70% higher than last year, $2.3m licensing deal with Komatsu underpins big 2H.
“AI is transforming every industry, and its most profound impact will be in life sciences,” said Jensen Huang, founder and CEO of NVIDIA. investor.lilly.com/news-rele…
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Worth paying attention to. May be the start of a trend.
$PPS leveraging the AI talent acquired via Technotia to pull off a Reed Hastings esque talent density move. Including redundancy costs in the acquisition price, they have removed $9m in costs for $10.8m investment. If capitalised at 10X the investment has delivered 8X MOIC in 1yr
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Great overview
Following on from last week, I thought I'd do a write-up on Motio ($MXO.AX). I've been a shareholder for a couple of years now, but hadn't written my thoughts down in a semi-coherent format. Here is my attempt:
open.substack.com/pub/amateu…
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Harley Grosser retweeted
At my kids gymnastics watching this screen for about 5min before realising it’s one of $MXO.AX. Very nice
Harley Grosser retweeted
A great piece from @CapitalHInvest on the $QOR.AX situation, and what happens to valuation narratives in bullish markets:
livewiremarkets.com/wires/wh…
And one addition to my thread: On the call, even the $QOR MD acknowledged the main issue was not ARR, but the balance sheet:
Smart move
$HUM.AX Humm Group update:
A third party investor, Akat Investments Pty Ltd, has filed a Takeovers Panel application regarding the BoD handling of the Credit Corp proposal; and the Chair’s trading in company shares after the proposal was disclosed.
Akat appears to be the family office of Anton and Alfred Tagliaferro.
announcements.asx.com.au/asx…
