I have mixed feelings about this. Raksul’s CEO has done a very good job balancing growth vs profitability in the last few years since taking over from Yasukane Matsumoto . That being said, Raksul has morphed from being a clean story (fabless paper printing marketplace with a few call

Bumping because this deserves more recognition for the small base of folks on X who are following the InPost/Allegro developments. Allegro's partnerships were an intelligent move towards capital light advancement of an alternative network, but how long will DPD, DHL, Orlen, etc.

A person with anxiety would read this as "9% of the hundreds of things that they worry about on a daily basis come true"

This strategy of exclusivity failed miserably for $SPOT and its bad for *literally* all participants. - Listeners are unhappy because now they have to go to Netflix to listen to a podcast. - The podcasters themselves significantly diminish their own podcast marketability and

38 books this year as well. See what I read this year and add me if you use Goodreads. goodreads.com/user/year_in_b…

This morning I published an interview that I held with Timee's CEO, Ryo Ogawa. Feel free to listen to it here. Spotify: open.spotify.com/episode/0qjkS8… Apple: podcasts.apple.com/us/podcast/tim…

I certainly hope that InPost isn’t taken private. There aren’t many equivalently high quality assets currently available in the world today.

This would truly be a steal if Advent is successful. Buying InPost today at €6.5 billion (27 billion PLN) values $INPST at 5.5x '26 consolidated EBITDA or rather, 13x '26 FCF of the Polish business standalone with the UK, France, and other businesses producing nearly half of the

If Raksul's ¥1,710 MBO price feels low; perhaps it can be explained by management sandbagging their FCF conversion rates in order to get a more lucrative take-private deal for themselves. Per the numbers given to KPMG, management estimates FCF to fall off a cliff going forward,

In Europe, generally, if a courier leaves a parcel on the doorstep and it is stolen or damaged, the seller is responsible for the loss because the courier did not fulfill the duty of delivering to a person. Which leads to this sort of courier behavior.

Very disappointing $INPST news today. A €7.8b purchase price values InPost at 6.5x NTM consolidated EBITDA, ~7-10x FCF, and 4x stand-still FCF. This is an absolute steal of a price for a world-class business and I encourage shareholders to vote no at the EGM.

What needs to happen for $INPST to close the deal is for 80% of shares to be tendered into the deal. 48% have already been tendered. Meaning the deal will pass or fail on the decisions of these shareholders. I have to think that institutions will accept the 50% “premium” despite

$wise Downloads & MAU of Jan26