Secure Trust Bank Research Report
Small UK bank with an excellent lending history, long runway for growth, and dirt-cheap valuation.
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Firm Returns Weekly - Aviva to acquire Optiom, David Zaslav interview, Arkham trilogy switch release
Aviva to acquire Optiom
On Monday (27 Nov), Aviva announced the acquisition of Optiom O2 Holdings Inc - a leading provider of vehicle replacement insurance in Canada - for total consideration of c.£100m (c.CAD$170m).
This should bolster Aviva's existing Canadian operations, and move them closer to their
Firm Returns Weekly - tinyBuild (TBLD), Warner Bros Discovery (WBD), Aviva (AV), and Fuller, Smith & Turner (FSTA)
tinyBuild
Broken Roads release delay
Broken roads was scheduled to release on 14 November, but on the 8th they announced it would be delayed until early next year.
There was still some confusion because they forgot to change the release date on Steam, which resulted in the game appearing in
Firm Returns Weekly - WBD Q3 earnings, SAG-AFTRA strike ends
Q3 earnings
On Wednesday (8 Nov) WBD published their Q3 earnings, covering the period ending 30 September. Overall I came away pretty positive, but the market may have disagreed.
There's been quite a lot of talk about fears of a weak advertising market in 2024, but as far
Portfolio changes 09/11/23
Firm Returns Weekly - TBLD, Investing Approach
tinyBuild
Slime 3K
On Thursday (2 Nov), Slime 3K launched in Steam early access for $4.49, including a 10% launch discount. There was also cleverly an additional 20% discount if you owned Despot's Game, which has helped to drive up sales of the original entry in the
Firm Returns Weekly - ECOR, TMI, TBLD
Ecora Resources
Ecora Resources released their Q3 trading update this week. Portfolio contribution was down significantly at $5.8m vs $14.7m in Q2, due primarily to low production volumes at Kestrel and Voisey's Bay.
The lower volumes at Kestrel were the result of operations moving outside Ecora&
Portfolio changes 23/10/23
Firm Returns Weekly - AV, TMI, WBD
Aviva
Takeover rumours
Aviva has been subject to some takeover rumours that sent the share price up to over 420p earlier this month (the shares have since come back down to below 400p).
The following excerpt from a Shares Magazine article lists some of the companies said to be considering
Firm Returns Weekly - TBLD
Asterigos anniversary update
On Wednesday (11 Oct) Asterigos received a free anniversary update and featured as a daily deal on the Steam homepage.
There was also a developer Q&A livestream which got a good number of concurrent viewers - when I took the screenshot below there were 1,767.
Firm Returns Weekly - TMI, TBLD
Taylor Maritime Investments
Grindrod will be carrying out a capital reduction and cash distribution of US$32.44m in two tranches: the first distribution of US$1.01598 per ordinary share will be payable on 26 October 2023, and the second distribution of US$0.63193 per ordinary share on