Today this Substack has now been alive for six months, and it is a great pride to have reached 3,000 visits and 80 followers in this time, despite creating niche content somewhat erratically.
I recently sold Mbr due to 'long time no see' of significant sales and profits from eco bombs, thus lower profitability. And, acquisitions were formerly stated to be financed by (a good portion) of debt. Now it was equity financed and a reason for lower dividend payouts, which I did not like as much. Any take on it?
Eco bombs depends on public licitations and seems to be slower than expected.
At this ROIC invest money and take some debt have sense for me, the debt is insignificant with all the investments made. El Kajo agreement is a little burry to make some solid figures but makes sense with all the new net of public waste incinerators made in Poland. The dividend payout is the same as always, 50% of net income (minimun), close to 60% this year.
I find it reasonable to exit if there are more doubts than certainties, but given Poland's macroeconomic progress and Mobruk's ongoing projects doubling its processing capacity in tons for 2023, I want to stay active (with moderate exposure).
Not specially bullish the fact that the founder splitted the ownership between his three children. Will watch closely.
I recently sold Mbr due to 'long time no see' of significant sales and profits from eco bombs, thus lower profitability. And, acquisitions were formerly stated to be financed by (a good portion) of debt. Now it was equity financed and a reason for lower dividend payouts, which I did not like as much. Any take on it?
Eco bombs depends on public licitations and seems to be slower than expected.
At this ROIC invest money and take some debt have sense for me, the debt is insignificant with all the investments made. El Kajo agreement is a little burry to make some solid figures but makes sense with all the new net of public waste incinerators made in Poland. The dividend payout is the same as always, 50% of net income (minimun), close to 60% this year.
I find it reasonable to exit if there are more doubts than certainties, but given Poland's macroeconomic progress and Mobruk's ongoing projects doubling its processing capacity in tons for 2023, I want to stay active (with moderate exposure).
Not specially bullish the fact that the founder splitted the ownership between his three children. Will watch closely.