2
Nov
2020
On value and information
My weekly comments are now available outside of the Sharescope paywall here: If you’d like to read the most up to date analysis, you’ll need to subscribe to Sharepad It is an irony in financial services, that frequently the best quality analysis is free. For instance: Warren Buffett’s shareholder letters Dan McCrum’s analysis of the... Read More
24
Aug
2020
A new role
At the moment I have several projects I’m working on all at the same time. Don’t worry, I haven’t decided to turn pro and become a full time beach volleyball player. Instead I have taken on a new free lancer role, writing pieces for sharepad. So it feels like this blog may go quiet for... Read More
7
Jul
2020
Remorseless
While every short seller is still celebrating the demise of Wirecard, I thought it might be worth writing about another financial institution that is in the 95% club – the share price has fallen 95% since the start of 2014. Incorporated under the laws of the British Virgin Islands, the bank I’m thinking of has... Read More
21
Jun
2020
A quick thought on Wirecard
On 18th June Wirecard announced: Wirecard AG’s auditor Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Munich, informed Wirecard AG that no sufficient audit evidence could be obtained so far of cash balances on trust accounts to be consolidated in the consolidated financial statements in the amount of EUR 1.9 billion (approximately a quarter of the consolidated balance... Read More