Turning over rocks
@RocksOver
He who turns over the most rocks wins. Private investor.
Just quit my job to become a full time private investor. Reached escape velocity in net wealth finally in my mid-40s. That’s it for the corporate life for me. For anyone interested, a bit about my journey…
This is now one of my largest Japanese positions. Shin Maint is a great business. Essentially all recurring revenue. Check out @SimplerInvestor’s write up.
Shin Maint Holdings ($6086.T) starts FY 2026 with another great quarter: Rev 17 % YoY EBIT 30% YoY NI 32% YoY Acquired new customers in nursing care, retail and drug stores. AC Maint continues to be a strong driver of revenues. Trades at (LTM): 10x EV/FCF 9x EV/EBIT 14x EV/NI
Shoutout to Andy the Magic Bakery for writing-up Serverworks $4434 since that's how I found this stock. Here's my 2 cents on it 👇 open.substack.com/pub/ideadistil…
Niche question for anyone out there using IBKR in Australia. I thought I’d take advantage of cheap JPY margin to (slightly) leverage my Japan position. Discovered that my negative JPY position gets forcibly converted to AUD margin at the end of each business day. Was told by IBKR…
This is pretty striking. The stable policy backdrop that we all took for granted is a thing of the past. They’re coming after litigation finance providers like $BUR in the U.S. All it takes is one crazy senator. Hard to say what’s next.
