Sorry if it isn’t clear! Weeks of work have gone into the longer write up (link at both the top and the bottom of the substack piece). I try to give a summary for those that want to figure out if a 35 page write up is worth their time. In future I might just post the full thing..

Not a stock write up this time, but my summary notes from a McKinsey textbook on pricing: feathertop.substack.com/p/pricing-effe…

Anyone on Fintwit, particularly the Aussies, across $BVS Bravura Solutions? Screens well, looks cheap now (down -72% from ath) especially for a software company. Even has a div yield 👀 CEO switchup in place, ex-CTO coming in. Could be a change in capital allocation.

A new write-up, but with a bit of a story behind it. feathertop.substack.com/p/cvent-holdin…

[ $DSW.L ] Go read this write-up from Tristan - it is a name I hold. Interesting idea and very similar to another holding of mine; Keystone [ $KEYS.L ] - a licence model in the professional services space.

New writeup: Dow Schofield Watts $DSW. feathertop.substack.com/p/dow-schofiel…

Q3 Nekkar results $NKR.OB $0TT.DB - my notes. You can watch recording/slides here: channel.royalcast.com/hegnarmedia/#!…

Short writeup: open.substack.com/pub/feathertop… Full write up: drive.google.com/file/d/1ZevbxS…

My finest piece of work yet feathertop.substack.com/p/2022-in-revi…

Ask and you shall receive. Writeup on $UG (United Guardian), which was Option 4 in the poll I just held. Read here: open.substack.com/pub/feathertop…

A quick look at Option #2: the translated reports are too hard to read, notwithstanding how good the screener suggests the business quality is. Also the governance/business structure looks confusing. Moving to option #3 next, $RGP.