Appreciate it, Mahad Ahmed! Totally agree. When you combine the attractive valuations with some solid business models in the U.K., there’s definitely some interesting stuff to dig into.
To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing poetic take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
Built to Be Left.
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
NEDAP has a very high payout ratio to the extent that it resembles a high yielding asset more than an equity. It is more about income than capital growth. While this suits some investors, it doesn't work for me.
GREGGS (GRG) is a great business and while it has been vastly over priced in the past, the valuations are looking far more attractive now. It is just so British, prioritizing dividends over other capital allocation levers which I don't like to see - dividends should always be the last resort. https://rockandturner.substack.com/p/how-dividends-destroy-shareholder-value
Great analysis, Dutch!!! (specially about Greggs)
Thanks for highlighting these.
Thank you for reading along!
Thanks for Nedap's review.
Enjoy!
Great post! The UK equity markets are comparatively undervalued but there's too much doom and gloom
Appreciate it, Mahad Ahmed! Totally agree. When you combine the attractive valuations with some solid business models in the U.K., there’s definitely some interesting stuff to dig into.
Hello there,
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To seed, build, and nurture timeless, intangible human capitals — such as resilience, trust, evolution, fulfilment, quality, peace, patience, discipline, relationships and conviction — in order to elevate human judgment, deepen relationships, and restore sacred trusteeship and stewardship of long-term firm value across generations.
A refreshing poetic take on our business world and capitalism.
A reflection on why today’s capital architectures—PE, VC, Hedge funds, SPAC, Alt funds, Rollups—mostly fail to build and nuture what time can trust.
Built to Be Left.
A quiet anatomy of extraction, abandonment, and the collapse of stewardship.
"Principal-Agent Risk is not a flaw in the system.
It is the system’s operating principle”
Experience first. Return if it speaks to you.
- The Silent Treasury
https://tinyurl.com/48m97w5e
NEDAP has a very high payout ratio to the extent that it resembles a high yielding asset more than an equity. It is more about income than capital growth. While this suits some investors, it doesn't work for me.
EVS is interesting, but if you like this, check out Haivision on which I did a deep dive - I believe it to be a hidden gem: https://rockandturner.substack.com/p/haivision-a-high-potential-vision
GREGGS (GRG) is a great business and while it has been vastly over priced in the past, the valuations are looking far more attractive now. It is just so British, prioritizing dividends over other capital allocation levers which I don't like to see - dividends should always be the last resort. https://rockandturner.substack.com/p/how-dividends-destroy-shareholder-value