venture

This is a follow-up note to yesterday's Venture issue. If you haven’t yet read it, you can access it here.

Issue 55; Japan offers four attractive things to investors: high-quality companies, low valuations, an undervalued currency, and momentum. Activists add a fifth ingredient and are pushing corporate Japan to a tipping point where shareholder value will receive more attention. Awareness of this trend has been growing in recent years, and

Issue 54; It has been a strong month for ByteTree Venture, with most stocks performing well. The modest recovery in AIM stocks is welcome, which have been sliding since the summer. Looking at the UK market, where 20 of the 29 current holdings reside, there has been a huge divergence

Issue 53; Japanese equities had a major peak in 1989 and have been sluggish ever since. That is brought home by comparing them to the world index. On that basis, Japanese equities have been lagging the world since 1988, making yet another relative low (red) last month. Yet, since 1970,

KLR was recommended in ByteTree Venture on 28 November 2023 at 809p. A year has passed, and with the price at 1542p, having collected 47.9p in dividends, the stock has returned 97% with an IRR of 93%. It was a fabulous opportunity. Keller Group The brokers’ consensus target price

Issue 52; The 2020/21 bull market in technology was followed by a spectacular bust the following year. Many stocks were propelled to unsustainable levels and have come back down to earth. The good ones have started to recover, such as Zoom (ZM), while the unlucky ones will fall by