Q: Why the big drop today? Results? Buy more?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hello, Thanks for your response to Bill's question on May 2nd. Just to add - If the Hedge fund mentioned is Blacksheep Fund Management Ltd. Between March 24-27, this hedge fund had already acquired 6.1 mln shares of Lumine Group (9.6% of subordinate voting shares) and on March 28, purchased additional 753k shares, in the market at an average price of $14.66, increasing their ownership to 10.79%, triggering a full public disclosure. It is possible that, during the initial 3 days of listing, while Vanguard and other ETF's were offloading LMN shares, Blacksheep was building up this position.
This situation, to me, looks similar to TOI, when another Investment Group AKRE Investment built a large position in TOI, during initial weeks of its trading ( $74 ). AKRE, I believe, continues to be the largest public Institution/Fund owner of Topicus.
The difference is that while AKRE is a very large Investment group, Blacksheep, appears to have a fairly modest AUM ( $500 mln appx ), so LMN position could be a significant holding for them. (13F for March 31, not verified)
Here is the NR from Blacksheep of April 6, 2023.
" DUBLIN, April 6, 2023 /CNW/ - Blacksheep Fund Management Ltd. ("Blacksheep") announced today that on March 28, 2023, Blacksheep, in its capacity as investment manager on behalf of Blacksheep Master Fund Ltd. (the "Fund"), acquired (the "Transaction") an additional 753,130 subordinate voting shares ("SVS") of Lumine Group Inc. (the "Issuer").
Immediately prior to the Transaction, Blacksheep, in its capacity as investment manager of the Fund, had control or direction over 6,114,274 SVS, or 9.60% of the issued and outstanding SVS (assuming 63,671,170 issued and outstanding SVS), all of which were beneficially owned by the Fund. Immediately following the Transaction, Blacksheep, in its capacity as investment manager of the Fund, had control or direction over 6,867,404 SVS, or 10.79% of the issued and outstanding SVS (assuming 63,671,170 issued and outstanding SVS), all of which were beneficially owned by the Fund.
The SVS purchased in the Transaction were acquired in market transactions on the TSX Venture Exchange at a price of C$14.66 per SVS for an aggregate purchase price of C$11,041,036."
This situation, to me, looks similar to TOI, when another Investment Group AKRE Investment built a large position in TOI, during initial weeks of its trading ( $74 ). AKRE, I believe, continues to be the largest public Institution/Fund owner of Topicus.
The difference is that while AKRE is a very large Investment group, Blacksheep, appears to have a fairly modest AUM ( $500 mln appx ), so LMN position could be a significant holding for them. (13F for March 31, not verified)
Here is the NR from Blacksheep of April 6, 2023.
" DUBLIN, April 6, 2023 /CNW/ - Blacksheep Fund Management Ltd. ("Blacksheep") announced today that on March 28, 2023, Blacksheep, in its capacity as investment manager on behalf of Blacksheep Master Fund Ltd. (the "Fund"), acquired (the "Transaction") an additional 753,130 subordinate voting shares ("SVS") of Lumine Group Inc. (the "Issuer").
Immediately prior to the Transaction, Blacksheep, in its capacity as investment manager of the Fund, had control or direction over 6,114,274 SVS, or 9.60% of the issued and outstanding SVS (assuming 63,671,170 issued and outstanding SVS), all of which were beneficially owned by the Fund. Immediately following the Transaction, Blacksheep, in its capacity as investment manager of the Fund, had control or direction over 6,867,404 SVS, or 10.79% of the issued and outstanding SVS (assuming 63,671,170 issued and outstanding SVS), all of which were beneficially owned by the Fund.
The SVS purchased in the Transaction were acquired in market transactions on the TSX Venture Exchange at a price of C$14.66 per SVS for an aggregate purchase price of C$11,041,036."
Q: KXS and DSG are both down around 4%.
Earnings, or something else? If earnings please comment
Sheldon
Earnings, or something else? If earnings please comment
Sheldon
- Microsoft Corporation (MSFT)
- NVIDIA Corporation (NVDA)
- Honeywell International Inc. (HON)
- Stuart Olson Inc. (SOX)
- FormFactor Inc. (FORM)
Q: Please comment on the review from a new book from Michio Kaku and how the coming of quantum computing would affect companies in the SOX index such as NVDA. Are there any public or private companies at the forefront of this advance?
"The runaway success of the microchip processor may be reaching its end. Running up against the physical constraints of smaller and smaller sizes, traditional silicon chips are not likely to prove useful in solving humanity's greatest challenges, from climate change, to global starvation, to incurable diseases. But the quantum computer, which harnesses the power and complexity of the atomic realm, already promises to be every bit as revolutionary as the transistor and microchip once were. "
Apparently the auto industry and medical research areas are already using it.
"The runaway success of the microchip processor may be reaching its end. Running up against the physical constraints of smaller and smaller sizes, traditional silicon chips are not likely to prove useful in solving humanity's greatest challenges, from climate change, to global starvation, to incurable diseases. But the quantum computer, which harnesses the power and complexity of the atomic realm, already promises to be every bit as revolutionary as the transistor and microchip once were. "
Apparently the auto industry and medical research areas are already using it.
Q: How do you feel at the moment about adding to Perion after it reported today?
Thanks. Lesley
Thanks. Lesley
Q: How do you feel about qcom after their earnings today? Not much to get excited about. Would you continue to hold? Thanks.
- Broadcom Inc. (AVGO)
- QUALCOMM Incorporated (QCOM)
- Advanced Micro Devices Inc. (AMD)
- VMware Inc. Class A (VMW)
Q: Does the earning real ease by Qualcomm suggest that there may be a slowdown with Broadcom that reports later? Do you view Broadcom as a hold, buy or sell? And, would you consider a switch to AMD that had a significant drop is it’s share price today? Which semiconductor stock (Broadcom or AMD) is a better buy right now especially given potential growth in the future due to AI?
Q: I have recently acquired shares of Constellation Software and done some reading about this company. I looked at it a number of years ago and didn't buy it because of the "frightening" P/E ratio. Every time I looked at it or read analysts reports about it they would say the same thing "great company with terrific growth but too expensive. Wait for a better entry point. We can see how that has turned out. 10 years ago it was trading at about $130 now it's $2700. There is an article in the globe today about Topicus. To paraphrase it says that Topicus is the size CSU was 10 years ago and looks good but it's too expensive.
Is there a good reason to think that there might be an opportunity here that I missed 10 years ago with CSU?
Thanks for your ever helpful insight!
Is there a good reason to think that there might be an opportunity here that I missed 10 years ago with CSU?
Thanks for your ever helpful insight!
Q: Dear Peter et al,
May I ask you to give me 3 solid companies in Cyber security field with NO debts, Good Growth track record and Dividends. Dividends not as important as zero debt and growth potential. Lastly if they are US based and not in other countries that would be a bonus.
You can add the names of the stocks in the stem of my question.
Many thanks.
Mano.
May I ask you to give me 3 solid companies in Cyber security field with NO debts, Good Growth track record and Dividends. Dividends not as important as zero debt and growth potential. Lastly if they are US based and not in other countries that would be a bonus.
You can add the names of the stocks in the stem of my question.
Many thanks.
Mano.
Q: Does D2L compete with Docebo? Could you elaborate the differences between the two.
Tks
Tks
Q: What is your view of ATVI as a long term hold for safety and growth? Are there any companies with better prospects that you would rather hold? If you were to sell ATVI to invest in these better prospects, would you do so now or wait until the MSFT acquisition is officially dead?
- NVIDIA Corporation (NVDA)
- NextEra Energy Inc. (NEE)
- Magna International Inc. (MG)
- ChargePoint Holdings Inc. (CHPT)
Q: I do believe that our future will be elecrified, though it will take more than a decade to make real progress. Copper will be a key raw material but we will also need motors, batteries and control systems. Renewable power producers will also be needed of course, but I am more interested in the device side rather than the power production side.
If you wanted to start a mini-portfolio of companies that are likely to be key to an electrified world, how would you begin and can you suggest a few companies that will likely be key players?
If you wanted to start a mini-portfolio of companies that are likely to be key to an electrified world, how would you begin and can you suggest a few companies that will likely be key players?
Q: Good Morning,
Can I please get your opinion on Sprout's earnings? Do you see it as a buy, hold or sell within a three-year horizon? Thanks. Brad
Can I please get your opinion on Sprout's earnings? Do you see it as a buy, hold or sell within a three-year horizon? Thanks. Brad
Q: Hi,
NVDA has had such a terrific run. One of those stocks that makes me say could have would have and should have!
What is your take on NVDA going forward?
What would be a good entry point IF a big IF it corrects! Worth Selling a cash covered put?
Many thanks.
Mano.
NVDA has had such a terrific run. One of those stocks that makes me say could have would have and should have!
What is your take on NVDA going forward?
What would be a good entry point IF a big IF it corrects! Worth Selling a cash covered put?
Many thanks.
Mano.
Q: i am disappointeed with pypl turn around . i like to sell it and add to the small position i started in LMN
Q: Hi 5i
I like the (relative) stability of CSCO but I like the growth prospects of QCOM. I own both at near enough equal weights in an over-diversified portfolio.
Would you leave well enough alone at this time with these two or would you tilt the scales to increase QCOM and decrease CSCO a little?
Thanks
I like the (relative) stability of CSCO but I like the growth prospects of QCOM. I own both at near enough equal weights in an over-diversified portfolio.
Would you leave well enough alone at this time with these two or would you tilt the scales to increase QCOM and decrease CSCO a little?
Thanks
Q: XMTR Good upside potential? Is there another company in the same industry that you prefer?
Thanks
Thanks
Q: what's your current opinion on DND ? Thank you.
Fooklin
Fooklin
Q: shop reports Thursday. what are general expectations. what does 5i expect. last guidance seemed conservative. any issues that might surprise either good or bad
Q: What are the expectations for eps & revenue for Q on May 3.Is this a good time to buy and what is a good enty point? Txs for U usual great services & views