You are not eligible to view 14 messages. To gain access to more recent message posts signup free for membership.
#
AUTHOR
DATE
SUBJECT
33
member
6/22/21 7:25AM
Re: Re: 4Q and 1Q results update
32
Certainly. MBR held a conference call post the ruling in which they disputed, in no uncertain terms, basically all the contentions made by the Marshal: the fee is inappropriate is scope; has no basis in law;... login to read the rest
MBR provided FY and 1Q results in very short order in the last few weeks. The business is still growing strongly (+57% topline in 1Q), driven by higher gate fees across most all business lines,... login to read the rest
i forgot to add earlier two things: 1) i want to reiterate how helpful it was/is that you raised these concerns, it was hugely value-additive and i really appreciated you bringing up these issues, so... login to read the rest
Avalon,
I have spent some time researching your claims; trying to corroborate the various accusations you made; and speaking to the company. My overall conclusion is most of your conclusions are highly circumstantial, and speak more... login to read the rest
avalon - many thanks for raising these (obviously) disturbing findings and sharing such thorough DD with me and the board. some of what you have alleged was at least partially disclosed in the pre-IPO prospectus... login to read the rest
they are being conservative (as am I) in assuming current 57% EBIT margins can't be sustained. this is Poland, there will be some deleverage through wages/contractor costs if profits stay up here. that said, i... login to read the rest
my pleasure. BFSA is a very good business, but it has also appreciated to earn the rating it deserves, and now frankly I think is fully valued. it is also quite levered financially, and is... login to read the rest
No questions. Simply wanted to say I appreciate everything you contribute to this community. The amount of legwork and digging you've done for situations like this one and the willingness you have to share that
hi Spring - this is the key question. specifically, there are two parts to your question: 1) why did insiders sell now (to your point)? and 2) why did they sell at such an optically... login to read the rest
thanks erst. you are right - there is no way to defend the business on a replacement cost/asset value basis. For a long time I thought this made MBR a tricky investment (at these prices).... login to read the rest
thanks Katana, I appreciate the kind words, especially from you, I've admired your work here for many many years. I do cast a wide net I guess - I have a global mandate (I just... login to read the rest
Hi Puppyeh - do you have a sense for why the private equity firm/managment were willing to sell shares/dilute at the IPO valuation of ~ 200 per share given all the potential you see? I know you... login to read the rest
Thanks for writing up what I would consider a very interesting idea.
I will do some more work on it, but at first glance I see it is trading at 6x price to book. I saw... login to read the rest
Are you sure you want to close this position Mobruk?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
Flag Mobruk for Removal
Are you sure you want to Flag this idea Mobruk for removal?
Flagging an idea indicates that the idea does not meet the standards of the club and you believe it should be removed from the site. Once a threshold has been reached the idea will be removed.
You Cannot Submit Message ... Yet
You currently do not have message posting privilages, there are
1 way you can get the privilage.
You can apply for full membership by submitting an investment idea of your own. Or if you are in reactivation status, you need to reactivate your full membership.