Roderick van Zuylen
@roojoo3
Roderick van Zuylen. CIO at Night Watch Investment Management. Reach out if you want to discuss stocks or triathlon / cycling.
Q2 was a great quarter for Night Watch, with performance of 23.31%, bringing YTD performance to 20.71%. Results were helped by stock specific investments, including $HAYPP, $XFAB, $MRX, $GOGO, $1126.HK and $COOP. nightwatchim.com/s/Q2-2025-Upda…
Special edition KEDM this week as our good friend @roojoo3, jotted down a NEW THEME. Worth reading this week’s issue, or taking KEDM for a free spin: kedm.com/subscribe/
The outcome of the trade negotiations has been completely different from what I'd anticipated 3 months ago. Time to reposition the book. I'd already sold most European exporters. A 15% adverse move in eurusd plus now tariffs is a big hit to earnings for most companies. I used…
This might have been the first time in my life where the EU could have served a purpose. The scale they have as a trading bloc could have been used to negotiate deals with CN or Canada. They could have threatened taxes on US big tech. Instead, they got nothing.
This might have been the first time in my life where the EU could have served a purpose. The scale they have as a trading bloc could have been used to negotiate deals with CN or Canada. They could have threatened taxes on US big tech. Instead, they got nothing.
49% of America is going to have a very difficult time processing this.
I was surprised to learn that the 0.5% stamp duty that the UK charges to buy stocks originates from 1694. Feels outdated, in a time where broker fees are a few bps. People already don't buy UK stonks because they only go down. Has anyone thought of removing this disincentive?
I'm beginning to understand Bessent's performance as a macro hedge fund manager.
The Fed is losing $100 billion a year. Now, it is blowing even more taxpayer money on out-of-control building renovations. Time for an internal review.
My favorite question was about when they will finally put a stop to all the hotel guests coming to the St Joe Club pool facilities.
$JOE holding its first public earnings call in decades. Some shareholders have clearly been sitting on their questions for years... lots of good questions.
$JOE holding its first public earnings call in decades. Some shareholders have clearly been sitting on their questions for years... lots of good questions.
Btw, this is even more silly. Everyone is quoting the reporting 60% short interest. But that's based on the free float before RKT's Up-C collapse which was finalized on June 30th, which 13x'ed the free float. Short interest is 3.5% of total shares.
So retail is buying 0DTE options on $RKT thinking they'll create a short squeeze... meanwhile the short interest is due to M&A arbs who are long $COOP??
A quick reminder and a new theme this week! Before we jump in, a quick reminder that we will be hosting our KEDM “Financials” Happy Hour on August 1 at 4:15 with Derek Pilecki, the absolute ax in this niche. Trump will ultimately get his way and smash Fed Funds to 1%. This will…
So retail is buying 0DTE options on $RKT thinking they'll create a short squeeze... meanwhile the short interest is due to M&A arbs who are long $COOP??
Hearing CFAs having problems voting through the Institute website, difficult obtaining election validation #s. You should have received an email from the Institute on Thursday July 17 with a portal link NOT REQUIRING an ID or password. Please🙏resend/retweet my message below.👇
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
Tiger Brokers $TIGR 🐯 Q1: ▪️Revenue: +68% ▪️Operating Profit: +203% ▪️Operating Margin: 38% (⬆️17 p.p.) ▪️OPEX-to-Revenue: ATL (and declining) ▪️ARPU: +35% 📊Trading Volume: +155% 👪Customers: +24% 💷Customer Assets: 40% P/E 12x NTM is probably too cheap. A short 🧵👇
The CFA Institute is no longer the outstanding organization it was when I joined upon earning my charter 31 years ago. If you are a CFA charterholder and have not yet voted your proxy (deadline this Monday the 21st at noon Eastern) or may consider changing your vote, or are…
Pitch of the Day : HAYPP Group AB $HAYPP.SS by Liberty Park Capital Management M/cap: SKR 4.7b forward P/E: x33.0 Nicotine pouches, especially newer white snus products like Zyn, are changing how people use nicotine. They’re affecting the use of cigarettes, vapes, and…
After the recent rally, this earnings season will be brutal. A cheat sheet: "Guidance reiterated": shares -10% "Negative FX translation": -20% "Tariffs have caused our customers to postpone decision making": -30% "Eric Trump appointed to the BoD": +100% "Bitcoin treasury…
To their credit, CFA Institute did inform all its members by email. Now if they can terminate all their new bs certificates and reduce the # of overpaid MDs by 80%, they're back on track.
Maybe the @CFAinstitute owes its members some clarification on how much of their members' money has been embezzled and how they can pay (what sounds like) millions of dollars for consulting services without noticing they don't get anything in return.