Investment related books I’ve read over the last 18 months, with ratings

Should I make a video on Tobila Systems $4441.T talking through how I see it and answering common investor pushbacks I get? Or would someone like to have me on their podcast? 😅 I’m keen to boost my online profile and share some great ideas. I’ve been getting more and more people signing up to the fund I run, and have got to a stage where I’m happy with the process and want to grow it beyond just word of mouth Anyone interested in helping give me a leg up? Very grateful for the support I have here on X, Substack and within the fund itself Been an awesome journey so far ☺️ 🙏✌️❤️

42% CAGR over 7 yrs. My ideal investment is a high-quality business run by owner-operators, with a strong balance sheet, operating in a growing niche, and trading at a valuation that assumes very little future growth. When I find that combination, I am willing to invest heavily and hold patiently while the market gradually recognises the value. Recent examples include: $QLTU.TA, bought in February 2024, up around 700% $6777.T, bought in May 2025, up around 500% $4441.T, Tobila Systems, bought in November 2025, up around 29% When the pitch is exceptional, I am prepared to swing big. I can allocate up to 30% of capital at cost to a single position. Not investment advice. See writeups (link below)

$4441.T Tobila Systems. Project they earn their entire EV in FCF in less than 4 years. Due to big growth in their Solutions Segment. Market missing the high margin growth as FCF = 2x Earnings. Not coming through the income statement but FCF is real and cash is piling up reducing EV. Big tailwinds for the growth driven by new gov legislation Excellent aligned Managment, strong balance sheet, high margins, FCF growing c 26% Pa. It’s same as QLTU.TA in 2024, exceptional business with tailwinds and with the growth simply given away for free

The cash is not needed to provide the service. The capex - hiring more engineers is for new lines of products / services not for scaling Tobila Phone Biz. So it’s just what do they do with the cash? I spoke with the founder / ceo and he is looking at special div / buyback and weighing up options. He was interested why I and other international investors were keen on buybacks over dividend - I think he’s taking it on board. I think he realises something needs to be done with the cash. And he seems much more focused on investor returns that using cash for business acquisitions He is 40% shareholder so very aligned

Thank you! 🙏 Yes, I spend months of deep research on such positions. I tend to trim aggressively after a decent appreciation and let it run from there, to manage the risk of the portfolio. So I’m 30% when the risk reward is best and gradually reduce. I don’t see anyone else talking about this kind of approach but I believe it adds to my edge

E278: Greggs, Burberry, Imperial Brands, Premier Foods, TUI & Nvidia $grg $brby $imb $pfd $tui1 $nvda #grg #brby #imb #pfd #tui1 #nvda open.spotify.com/episode/3GH…

I call that cheap entertainment 😂

Still my fav idea currently: Great recent earnings report too!

Many are asking why is SpaceX, $SPCX, NOT trading yet? Here's exactly how the IPO process works and when the shares will be available to trade (Bookmark this): The IPO was quoted at 9:50 AM ET and was expected to begin trading at 10:00 AM ET, but that does NOT guarantee shares will trade at that time. Before trading begins, Nasdaq must complete a price-discovery auction where buy and sell orders are collected and matched. At around 9:50 AM ET, "first indications" came out which are essentially a "gauge" of where the stock will open. The first indications on $SPCX came in at $175/share, or a ~30% premium to the $135/share IPO price. During this process: 1. Orders are entered, but no trades occur yet 2. Nasdaq continuously updates the indicative opening price 3. The opening price is adjusted until supply and demand are balanced 4. Only then does the opening auction occur and the first trade print For major IPOs, delays are common such as Google in 2004 and Meta in 2012 which saw their first trades over 2 hours after the US market opened. We expect the SpaceX IPO to open for trading within the next 60 minutes. Buckle up for a historic day.

I created this full animated video from a single image in minutes. Here's the 2 step workflow 👇

【note更新のお知らせ】 2026年10月期第2四半期の決算について、決算サマリー記事を投稿しました。 note.com/tobila4441/n/nd2014… #note #IRnoteマガジン

If nothing else he’s a great showman And the show continues As well as all the insider trading and grift

RETAIL TRADERS SELL TECH TO FUND SPACEX IPO Retail investors are reducing exposure to semiconductor and AI-linked stocks as enthusiasm builds for SpaceX’s upcoming IPO. Data from Vanda Research shows three consecutive days of net selling, with flows concentrated in recent tech winners, suggesting traders are raising cash or “dry powder” for the listing. Analysts say the shift could increase volatility in equities as investors rebalance portfolios ahead of multiple large IPOs.