10 Comments
Jun 30Liked by Sebastian

Looked at the net-net company w/ a minus EV in the weekend. But still have some margin of safety concerns.

#1 Performance highly related with performance at the box office, which is not predictable.

#2 There was a consecutive 3yrs loss from FY18-20, which made dividends pended with stock price plummeted by 90%.

#3 YoY growth of FY24 would probably at LSD-LDD, with a possibility of negative growth. With a rigid administration expense, bottom line drops morr significantly to sales.

At HK market, a certain stock could be wipe out by 50% or more market capitalization within one day.

Just wonder do you see any solid catalysts for FY24H2?

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author

Hey, thanks for your comment. For H2 they will definitely be facing some tougher comps. However, I do have the feeling that the market is expecting this. They recently won the licensing agreement for Power Rangers and the "Winx Club" series. So some comments about those projects could help the stock, despite weaker H2 results.

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Jul 11Liked by Sebastian

Thanks, Sebastian🤝

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Feb 21Liked by Sebastian

Hi Sebastian, have you done any work on the listed parent Playmates Holdings (635 HK)?

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author

No but Michael over at https://www.asiancenturystocks.com/ has

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Thanks!

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Nov 21, 2023·edited Nov 21, 2023Liked by Sebastian

Wow, TMNT, one of my childhood classics!

Interesting business and great writeup👍Thx🙏

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author

Thank you very much for the kind words!

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Very interesting the information about Funrise (unknow for me). I track Amazon´s top seller in EEUU too and MTNT are the top 1 in action figures category since several weeks ago.

Do you know importyeti.com??, you can track the import of goods of the company. I wrote about it in Twitter (https://x.com/ValueInvest72/status/1733211246256648620?s=20). I suppose you know AGL thesis in Momentum´s Youtube Channel of last August

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author

Thanks for your comment. No I didn’t know this tool, but I will take a look.

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