Street talk about one of the position in BTI

https://www.afr.com/street-talk/men-s-health-player-mosh-set-to-appoint-an-adviser-20231213-p5er6r

@Valueinvestor0909 I suspect what may have investors unwilling to drive up the BTI market cap in recent years is the longer term ups and downs of the business performance. I haven't followed the company closely and no doubt those that are have a better take on this and the future than I do.

If you look at the long term business performance it doesn't have the profile of a small cap that is really compounding upwards over time. Here is the snapshot of capital management, earnings per share and sales per share over the past 9 years -

And here is the growth in share count over the same period and total company earnings and sales each year -

So while I get the past is not the future for the business and I am sure those following it more closely than I am have a view on that, to potential new shareholders looking at the business performance, it's not a track record that screams out "buy" at the moment.

As Buffett has said long term the share price is likely to follow the earnings performance of the business and so far at least, the annual history has been up and then down again.

No doubt there are plenty of smart strawman members who might have a different view on Bailador, so I am hoping for a strong upward trend for you all from here!

Nothing as far as I can see @Valueinvestor0909

Private equity is always much harder to value, but surely their non-listed investments are more than $0..

Feels like a free kick to me, but likewise keen to hear if anyone has a different take.