Watching Nestlé’s management shoot themselves in the foot by explicitly committing to keep increasing dividends in Swiss francs, while their free cash flow available for such payouts is, at best, not growing. A quote from Nestlé’s CFO on their FY 2023 earnings call: “We are committed to maintaining our practice of increasing the dividend every year in Swiss francs … this will be the company’s 29th consecutive annual dividend increase, in line with our practice of increasing our dividend in Swiss francs.” Dividend payments are already close to 100% of free cash flow (see chart below), so we can pretty much guess what happens next. With high probability, management will try sticking with the policy until they no longer can. The market will force them to admit reality and cut the dividend for the first time in sixty-something years. That will be a big blow to Swiss investors who rely on Nestlé’s “stable” dividend.

Creating interactive charts with @v0 is so much better than Excel / Google Sheets. It’s also much quicker to give instructions in a chat format than keep searching through thousands of Excel chart settings to get what you want. Probably can be a separate product on its own.

@nextofficial is still probably one of the most misunderstood public companies. Back in 2017, when I first invested in the company, my variant perception was that Next was already the biggest online clothing retailer in the UK (ahead of ASOS, Boohoo, etc.), while most people saw it as a declining bricks-and-mortar business. Now in 2024, it’s still the largest online UK clothing retailer, but it’s also transforming into an investment/infrastructure platform, taking majority ownership in companies like @REISS. Roughly 10% of the group’s sales and 8% of the group’s profit already come from this segment. Overall, I can’t recommend Next’s annual and half-year reports highly enough. I learn so much from every report I read. I love their no-nonsense, direct approach.

Don't believe everything you see on social media, that every #startup is successful and loads of money is being ploughed into early stage investments. Here is Thomas Vosper, Co-Founder and #CEO of #aisle3, on what it’s like to raise investments as a first-time #founder!

Do you agree with this advice? #foundershack #startups #startup #founderstories #entrepreneurs #entrepreneurship #entrepreneur #techunicorn #founderadvice #startupadvice #podcast #quotes #entrepreneurquote #businesspodcast

🚀 Take matters into your own hands - @ThomasVosper founded his #eCommerce #startup aisle 3 after being made redundant at the beginning of 2020. Thomas has now shared his entrepreneurial journey with Founder's Hack (YouTube link in bio) #podcast #founderstories

💡It's not about the idea or funding, it's all about your conviction and motivation. The 2nd part of the #interview with #enterpreneur Martin Magnone, Co-#Founder & #CEO at @TymitApp, is NOW out (link in bio)! #fintech #founderstories #startupadvice #podcast

Another great #quote from our interview with Philip Belamant, the #Founder and CEO of Zilch! Philip then added that he prefers trying out all of the existing products and learning from the competition instead #startups #fintech #podcast #founderstories

Our 1st in-person episode is on YouTube (link in bio) now! Martin Magnone, Co-Founder & CEO at @TymitApp, shared his #entrepreneurial story of launching a #fintech #startup! Getting conviction to start a business, MVP in FinTech, fundraising and much more! #businesspodcast

If you haven’t already, we highly recommend you to read Fooled by Randomness by Nassim Nicholas Taleb! The book would give you a framework on how to think about #uncertainty and #randomness in business and life! #NassimTaleb #quotes

Only one of many great thoughts shared by Paul Newman, Co-Founder and CTO of Oxbotica, in our interview! Check out the full chat on YouTube (link in bio)! #startups #entrepreneurship #podcast #startupadvice #founderstories

Our 2nd episode was with Paul Newman, Co-Founder and CTO of Oxbotica. Check it out on YouTube (link in bio) to learn about #driverlessvehicles software market, being pathologically positive as a #founder and challenges of capital raising for a #startup! #podcast #founderstories

"Zero to One" by Blake Masters and #PeterThiel is still one of the best books ever written on #startups and #entrepreneurship. Here is our favourite #quote from the book! #founderstories #startupadvice #founderinterview #podcast

One of the best #quotes from our interview with Philip Belamant, the #Founder and CEO of Zilch! Many people are afraid to share their #startup ideas as they believe others might “steal” them. Most successful #entrepreneurs agree it's all about execution! #podcast #founderstories

In our 1st episode Philip Belamant, the Founder and CEO of Zilch, told the full story of how @PayZilch came about! Check it out (link in bio 🔝) to learn about bnpl business model; pivoting a startup; MVP; product-market fit; challenges of raising seed round! #startups #fintech