Podcasts about SOTP

Every month since October of 2022, Reverend Dr. Robert Turner has been walking from his home city of Baltimore to the White House, a journey he’s dubbed #40MilesFor40Acres. Whether rain, shine, alone, or with fellow advocates–Turner has been making the journey for nearly three years now. Angela Rye talks with him about his experiences and the success he’s had. PLUS, the Reverend Dr. recently added a stop on the march: the National Museum of African American History and Culture (The Blacksonian). The museum has come under attack from Trump for its “divisive, race-centered” exhibits that disparage the nation’s history. Imagine that! State of the People is coming to Baltimore on Juneteenth for The National Assembly. SOTP brings together organizers, cultural leaders, policy advocates, artists, and community members to co-create a vision for our future. Join us, it’s free and there will be food! Find out more @ https://stateoftheppl.com/ Welcome home y’all! —--------- We want to hear from you! Send us a video @nativelandpod and we may feature you on the podcast. Instagram X/Twitter Facebook NativeLandPod.com Watch full episodes of Native Land Pod here on YouTube. Native Land Pod is brought to you by Reasoned Choice Media. Thank you to the Native Land Pod team: Angela Rye as host, executive producer and cofounder of Reasoned Choice Media; Tiffany Cross as host and producer, Andrew Gillum as host and producer, and Lauren Hansen as executive producer; Loren Mychael is our research producer, and Nikolas Harter is our editor and producer. Special thanks to Chris Morrow and Lenard McKelvey, co-founders of Reasoned Choice Media. Theme music created by Daniel Laurent.See omnystudio.com/listener for privacy information.

This week hosts Tiffany Cross, Angela Rye, and Andrew Gillum host a special guest from the State of the People Tour. Ray Lewis went viral after delivering a fiery speech during a Q&A session at an SOTP town hall. “The only person who can save the streets is someone who comes from it,” he said. We agree–it’s exactly voices like Ray’s that we should be paying attention to in this political moment–and that’s why we’re having him on. Ray Lewis is a former street figure turned powerful voice for transformation and empowerment. He’s built a reputation as a fearless advocate for the hood, the communities he came from. Along with the folks at the Offenders Alumni Association, Ray uses his formidable energies to guide people—especially the youth—away from the path he once walked. We felt his energy when he spoke from the audience on the SOTP tour and had to bring him on the show. Follow @Ray_lewis2 on Instagram. The interview with Ray leads to a larger conversation about empowerment, political engagement, and the need for lived experiences to be at the forefront of driving change. To spark a mass movement, we need to reach the disaffected and forgotten; that’s just the kind of work that Ray does every day. Ray Lewis speaks from the SOTP tour: https://www.instagram.com/p/DJSHvqGS6lp/?hl=en Learn more about the Offenders Alumni Association: https://www.offenderalumniassociation.org/ And of course we’ll hear from you! If you’d like to submit a question, check out our tutorial video: http://www.instagram.com/reel/C5j_oBXLIg0/ and send to @nativelandpod. Find out more about the State of the People tour: https://stateoftheppl.com/ We are 544 days away from the midterm elections. Welcome home y’all! —--------- We want to hear from you! Send us a video @nativelandpod and we may feature you on the podcast. Instagram X/Twitter Facebook NativeLandPod.com Watch full episodes of Native Land Pod here on YouTube. Native Land Pod is brought to you by Reasoned Choice Media. Thank you to the Native Land Pod team: Angela Rye as host, executive producer and cofounder of Reasoned Choice Media; Tiffany Cross as host and producer, Andrew Gillum as host and producer, and Lauren Hansen as executive producer; Loren Mychael is our research producer, and Nikolas Harter is our editor and producer. Special thanks to Chris Morrow and Lenard McKelvey, co-founders of Reasoned Choice Media. Theme music created by Daniel Laurent.See omnystudio.com/listener for privacy information.

Can women wear "men's" watches? Heck yeah! That's the topic for this episode. Matt is joined by Sara Wiley, the better half of SOTP alum Zac Wiley (from the Anti Watch Watch Club episodes) to discuss this trend and do a bit of brainstorming on a list of men's watches that can be ideal for women. Thanks for listening!

Derivates will begin trading on the EGX in 2Q 2025, Financial Regulatory Authority Deputy Chairman Islam Azzam said. Azzam highlighted futures contracts for indices as being among the incoming additions.The FRA is also considering offering financial leasing loans for industrial lands from the Industrial Development Authority (IDA) for the first time, Financial Regulatory Authority Deputy Chairman Islam added.The government committee tasked with reforming state economic authorities has completed studies on 40 of the 59 authorities, according to a cabinet statement.Egypt has reportedly chartered a third floating storage regasification unit to process LNG imports to dock at Ain Sokhna by June 2025, according to an unnamed government official.Egypt's imports from Israeli gas increased by c.8% during the first week of this December, reaching 970 million cubic feet per day, compared to an average of 900 million cubic feet per day in the last two weeks of November.The Finance Ministry is mulling letting industrial projects pay customs taxes in installments in a bid to increase liquidity in the sector and support its growth, unnamed government sources said.The government is set to finalize its charter outlining strategies and recommendations for supporting startups in 2025 as part of the government's new Entrepreneurship Ministerial Committee, Planning and International Development Minister Rania Al Mashat said.Delta Insurance, 63.39% owned by EKHO received two bids for acquiring not less than 75% and up to 100% of the company's shares at an indicative price of EGP50/share. This indicative price translates into USD0.06/share of EKHO's outstanding shares, using an exchange rate of EGP50/share. We remind you that in our latest update published on 28 November 2024, we valued EKHO's stake in Delta Insurance at USD0.06/share of EKHO. Our FV for EKHO using SoTP valuation method was USD1.19/share.EGCH released 1Q24/25 unaudited financial indicators posting net profits worth EGP28 million during 1Q24/25, an 89% YoY decline (-98% QoQ) as compared to a net profit of EGP350 million in 1Q23/24 and EGP2.4 billion in 4Q23/24 which included EGP2 billion in real estate revaluation gains. EGCH is currently trading at a 2024/2025e PE of 26.6x and EV/EBITDA of 9.2x.United Bank's shares will debut on the EGX today under the ticker UBEE.CA, at a price of EGP 13.85 per share. The stock will trade with expanded price limits of ±40% on its first day, with no temporary suspensions, and a 30-day stabilization period beginning today until 8 January 2025, during which shares from the public offering can be sold back at the IPO price.ATLC is officially licensed for mortgage financing from the FRA. BTFH signs a joint venture agreement with an Italian company, CRIF to support the launch of a new entity that will offer a set of credit ratings services primarily in the Egyptian market, potentially expanding to MENA region. ESRS confirmed, in a release to LSE, that the company is not tendering for the GDRs in the planned buyback and, if a holder of GDRs wishes to tender the underlying shares, the holder must first surrender the GDRs and receive delivery of the underlying shares.Abu Dhabi-based Electra Investment Holding has acquired some 8.3 million additional shares of SWDY, some 0.39% of the company, for EGP88.15/share, bringing Electra's stake in SWDY to 20.37%. Naguib Sawiris plans to list his real estate development company, Ora Developers, on a stock exchange within three years.RACC will buy back up to 7.1% of its shares between 9 December and 9 January. The company has already purchased some 5.9 mn treasury shares, equals to 2.9% of the total shares, between March and April of this year.

Gregg and Matt met live at Ogopogo Brewing in San Gabriel to record their installment of the WatchPodCollective "Doppelgänger" series. (the WatchPodCollective is the unofficial consortium of pods consisting of "Wrist Cheese Radio", "SOTP", and "Whiskey and Watches", FYI...) The idea here is that we each imagine alternatives for actual stalwarts in our individual respective watch collections, based on aesthetics and use-case. It's a fun thought experiment, and we bet that most of you have done this in your head at one point or another. Thanks for listening!!

Fresh off of a MidWeek National Title and Victory Parade, the RR Guys are back to discuss the week that was in Baseball, Matt Deggs Plan H for the pitching staff, Theut returns, the elation of winning a MidWeek crown, Bryan Maggard's State of the Program interview with Dave Schultz, Baton Rouge media losing their freaking mind about losing to the Cajuns and our name, Cajuns Golf in the SBC Tourney, Softball continues to roll, update on Men's and Women's Tennis in the SBC Championships and several important announcements at the end of the show! Thanks for joining us on a morning edition of the Pod! Cajuns Golf | Men/Women Tennis in SBC Championships [2:36]Softball Continues to Roll [5:18]Dave Schultz' Interview with Bryan Maggard [14:59]World (midweek) Series [37:08]TSAB Media (Scarborough, Chris Blair & Cullota) Unhinged [42:27]Track the Pack: JMU Dukes [01:14:37]Theut Returns / Deggs' Pitching Pivot [01:39:30]Looking Ahead [01:56:01]Announcements! [02:03:35]

欢迎收听雪球和喜马拉雅联合出品的财经有深度，雪球，国内领先的集投资交流交易一体的综合财富管理平台，聪明的投资者都在这里。听众朋友们大家好，我是主播匪石-34，今天分享的内容叫阿里价值大解锁，来自陈达美股投资。阿里巴巴是个组织架构调整大王，七年来做过超过二十次组织架构调整，平均每年调三次，比我度假都频繁。但这次组织架构的调整不一般，市场反应也颇热烈，盘前美股已经涨10个点，我快速说一下我的看法。首先对于一个复合业务的巨无霸公司而言，在股东层面去解锁价值是个世纪难题；比如百度的估值倍数为啥就不如寒武纪那么让人愤怒，因为后者100%是在芯片/AI领域的，而百度只有一部分是在AI/ChatGPT的辐射范围内。虽然我们在估值的时候，对大型控股集团，常识是会用各业务分部加总法；但在市场行云流觞的时候对其不停调整预期与动态估值，无非也就大体上感受一下市盈多少啊云云，很整体也很粗糙，而不同业务之间彼此拖累很藕断丝连。阿里巴巴也一样，我经常开玩笑就是阿里肯定被低估，因为阿里只有一块业务是芒格嘴巴里所说的零售商。阿里是一个平台公司，其大中台就是为了让前台业务自顾自翱翔，然后航母在后面不停奶他们；阿里曾经是大中台，小前台；而未来的思路应该是做强前台——大中台+快中台+ 强前台。如果我没记错的话，这次变革应该是阿里历史上最彻底最颠覆的一次，一个集团=六大业务集团+N家业务公司。六大业务集团是阿里云智能、淘宝天猫商业、本地生活、菜鸟、国际数字商业、大文娱，而且你看业务划分的边界就知道，所有六个业务集团在各自领域几乎都是标杆与旗帜，都保有独立上市的可能，甚至这里都不用去算看起来是“股权投资”的蚂蚁。至于不同业务的估值方法，由于时间关系，我这里引用一下国金证券之前的一篇研报，曾经将给阿里巴巴业务的分部估值做了如下梳理：1. 核心商业交易市场（淘宝天猫+国内批发）：业务具备较强竞争力，盈利能力较为成熟，是公司现金牛，因此采用企业价值倍数进行估值，预计核心商业交易市场经调整税前利润同比增加20%，给予20倍估值，得到估值38781亿元。2. 新零售：主要包括盒马、银泰等，业务处于培育期，采用市销率，并参考高鑫零售、永辉超市等估值，给予1倍，得到估值842亿元。3. Lazada（国际数字商业）：培育期国际零售，根据公司最新投资得到持股估值377亿元。4. 本地生活（饿了么+口碑）：投入期业务，参考竞争对手美团估值，给予4倍市销率，得到估值1011亿元。5. 菜鸟：投入期业务，根据公司最新投资得到阿里持股估值1223亿元。6. 阿里云：云计算行业高成长，公司龙头地位稳固，参考云计算行业估值水平，给予7倍市销率，得到估值2836亿元。7. 优酷&创新业务：优酷为公司生态协同业务，根据公司最新投资得到估值435亿元；创新业务处于培育期，参考竞争对手估值给予2倍，得到估值118亿元。8. 重要投资：蚂蚁金服、阿里健康、阿里影业、苏宁易购、高鑫零售等，按照最新一期融资和上市公司最新市值得到持有所有权部分的估值。凭常识也知道如此使用分部式的SOTP估值方法，阿里巴巴的内在价值会比现在市场给他的对价——市值要高出几个头。目前阿里作为一家集团目前市值大概是拼多多两倍，但我认为实际上阿里巴巴仅仅电商业务的价值就应该可以至少抵得1-2个拼多多的估值水平。当然，市场给了阿里一个硕大的集团公司估值折扣。比如阿里云，很早之前给到的估值就是千亿美元以上。早在2020年，上半年阿里云营收245亿，然后高盛、摩根大通就直接给了1200亿美元的估值。当然2020年是中国互联网的估值高点，现在肯定要打折；但多年后业务一直在成长、膨胀的阿里云，打个折能有个600亿美元不过分吧？——而阿里现在全部市值只有2200亿。还有全球最大二手交易平台闲鱼，还有全球最大企业通信平台钉钉，还有蚂蚁的股权投资。如果未来闲鱼、盒马、钉钉、阿里云，这些长大了的小胸弟都能单独上市，阿里集团本身的价值解锁想象空间，无远弗届。阿里原来是怎么算都低估，但市场就是不知道要怎么样才能将其价值解锁。而这个时候管理层送来了温暖。而更重要的是，除了资本市场的想象力，各个业务板块独立运行之后，本身也获得了更大的战略灵活性，能根据各自需要响应市场变化和需求，发展的空间与想象力直接升维突破。我很欢迎这种把一个面团做成一碗碗面汤的做法。回顾之前的组织架构变化，我基本的判断是无论业务做得有多大，阿里仍然是流动的、不僵化的、善于应对的、可以变形的。你别看他七年变形20下，但除了淘系以外其他盘子也一直在膨胀，作为一个年活跃买家数超13亿、GMV超8万亿生态体，还能折腾还能变形金刚，我认为是个大利好，股价也先别扯别的来个涨停再说

I've taken a couple of weeks off but it's time to get back on the airwaves. We'll talk 2022, State of the Podcast (SotP) and human connections. It'll be a real treat. www.embellishpod.comwww.instagram.com/embellishpod/https://www.youtube.com/@embellishpodcast

This is a good one, folks! We are joined by VJ Geronimo ( head of Oris in North America ) to talk about the role of watches in philanthropy, and the value of doing good. Oris is a leader in humanitarian and environmental social responsibility, and 2022 saw the release of Oris watches that support their pursuits in both of these philanthropic arenas: the "Wings of Hope" LE as well as the Aquis "New York Harbor" LE. Both of these pieces are pretty fantastic, in our humble opinion(s). We also discuss the brand's outreach and accessibility efforts, VJ's newfound appreciation for good brown booze, and our desperate desire for more Oris models in precious metals! We think you'll enjoy this one. Thanks for listening...

In this episode Dan (@timely_moments) sits down with Matt from The Spirit of Time Podcast. They have a catch up and look at everything from Beachmaster to Bremont H1 releases, right through to the Bond 60th Anniversary SMP300. References through out the episode are below. The Spirit of Time Podcast - @spiritoftimepodcast Elliot Brown Beachmaster - https://elliotbrownwatches.com/collections/beachmaster Beachmaster Journal - https://elliotbrownwatches.com/blogs/journal/beachmaster-blog Omega Bond 60th Anniversary - https://www.omegawatches.com/en-gb/watches/seamaster/diver-300-m/james-bond-60th-anniversary/product Bremont H1 Collection - https://www.bremont.com/pages/h1-generation Penderyn Distillery - https://www.penderyn.wales

The Rolex Certified Pre-Owned news has been flogged to death, so we will move directly into stuff that's more fun. Matt has a cool "new watch alert" and a brief breakdown of the Pan Am World Timer LE from Zodiac. We also talk a bit about the soon-to-be-released "Essence Space Rock", a meteorite dial offering from Formex. The main topic, however, is holiday boozing! We offer up a series of drink options to spice up your household festivities, office parties, and yuletide shenanigans. Thanks for listening.

BTG Outperform tp Bt 46 SOTP feed Bt 13/farm Bt 7/Food Bt 26 ***Food sector 1 mth underperform -7% Prefer CPF / Today SVH last day trading / UBA Ipo Bt 1.70 listing in Mai ***Bi weekly Strategy Prefer SCGP IVL TISCO GULF AU

In this episode, we sit down live for a chin-wag over a plate of Pasadena's finest tacos. We share our impressions on the newest drops from Oris, Hanhart, and the Mido x Hodinkee LE. The jumping hour GMT in a 40mm format is a winner, in our view (duh!). Also, since Black Friday is upon us, we decided to share an impromptu gift guide. What do you get for the watch nerd who has everything? Listen, and find out!

SOTP Postgame Show following Tonight's 4-2 Edmonton Oilers Win versus the Florida Panthers. The Edmonton Oilers were in Sunrise Florida to take on the Panthers. A solid showing by Stuart Skinner leads the team to a 4 - 2 win to complete the four game road trip on a high note. Tonight's Guests are Ryan Lotsberg (@LotsRy) and Kirk Morris (@KMWrites1) both senior writers for Heavy Hockey Network. Make sure you check out www.heavyhockey.com for more editorials.

Dr Kirk Honda interviews an expert on sex offender treatment, Casey VanHoutan, LPC, SOTP. You can contact her at casey@iceprogrampdx.com.00:00 Becoming a specialist with sexual offenders 06:03 Myths about sexual offenders 14:35 A potential profile17:48 Sex education25:19 Treatment & the registry41:59 Working in the field48:27 To Catch a PredatorFrom our sponsor, Policygenius: Need an insurance policy? Try Policygenius at https://www.policygenius.comFrom our sponsor, BetterHelp: Need a therapist? Try BetterHelp! https://www.betterhelp.com/kirkGet started today and enjoy 10% off your first month. Discount code “KIRK" will be automatically applied.Become a patron: https://www.patreon.com/PsychologyInSeattleEmail: https://www.psychologyinseattle.com/contactMerch: https://teespring.com/stores/psychology-in-seattleCameo: https://www.cameo.com/kirkhondaInstagram: https://www.instagram.com/psychologyinseattle/Facebook Official Page: https://www.facebook.com/PsychologyInSeattle/TikTok: https://www.tiktok.com/@kirk.hondaThe Psychology In Seattle Podcast ®Trigger Warning: This episode may include topics such as assault, trauma, and discrimination. If necessary, listeners are encouraged to refrain from listening and care for their safety and well-being.Disclaimer: The content provided is for educational, informational, and entertainment purposes only. Nothing here constitutes personal or professional consultation, therapy, diagnosis, or creates a counselor-client relationship. Topics discussed may generate differing points of view. If you participate (by being a guest, submitting a question, or commenting) you must do so with the knowledge that we cannot control reactions or responses from others, which may not agree with you or feel unfair. Your participation on this site is at your own risk, accepting full responsibility for any liability or harm that may result. Anything you write here may be used for discussion or endorsement of the podcast. Opinions and views expressed by the host and guest hosts are personal views. Although, we take precautions and fact check, they should not be considered facts and the opinions may change. Opinions posted by participants (such as comments) are not those of the hosts. Readers should not rely on any information found here and should perform due diligence before taking any action. For a more extensive description of factors for you to consider, please see www.psychologyinseattle.com

The CCM Power Hour is a live-streamed show every Thursday at 3:00 pm EST. On the show, Ryan, Brett, and a rotating list of guests have an unscripted discussion on a variety of investing topics. You can watch the show on our YouTube channel here: https://www.youtube.com/c/ChitChatMoney Follow the show on Twitter: https://twitter.com/chitchatmoney ****************************** This episode is sponsored by Stratosphere. Get started for free at stratosphere.io to get access to powerful data visualizations, specific company KPIs, and much more. ***************************** This episode is sponsored by Quartr, the new way of doing company research. Access conference calls, presentations, transcripts, and more for FREE on your mobile device. Download Quartr on the App Store here: https://apps.apple.com/us/app/quartr-investor-relations/id1552412128 Download Quartr on the Google Play Store here: https://play.google.com/store/apps/details?id=se.quartr.android ***************************** Access our “Not So Deep Dive” episodes by signing up for CCM+. Sign-up directly through Spotify or Apple Podcasts. If you listen on another podcast player, use this link and create a private RSS feed: https://anchor.fm/chitchatmoney/subscribe Need more information? Check-out our launch newsletter: Here ******************************

In this episode, we are joined by none other than Serge, aka @thewristplorer. Serge is a master of contextualizing watches through the examination of period photos of historical events and people, where watches are worn prominently by the photo subjects. His feed features images depicting conflict history, political figures, the space race, Formula 1, classic action films... you name it and Serge has posted it. Serge's content tends to be quite Seiko-heavy, and we are definitely okay with that! His wrist check on this episode was pretty epic, actually. We talk about his feed, sure, but the REAL subject of this chat is Serge's unbridled curiosity about watches in history. That deep-seated curiosity is surely the foundation of his amazing work. Give this one a listen!

Jon Boyar returns to the podcast to talk about his investment thesis for MSGS and MSGE, including why he thinks investors are underrating James Dolan and just how wide their discount to asset value has become.You can find more on the Fresh Looks here: https://boyarresearch.myshopify.com/products/2022-opportunity-issue-edition-with-bonus-content?utm_content=216760092&utm_medium=social&utm_source=twitter&hss_channel=tw-963533512887406593Chapters0:00 Intro3:45 MSG History8:10 Do the Dolan's actually create value for minority shareholders?13:15 MSGS SOTP15:55 Can someone actually write a check for the Knicks21:15 What happens when the NBA rights renew?24:20 Could the Knicks and Rangers backstop a new Garden at some point?29:30 MSGE spin overview31:10 Why not do a full spin at MSGE?33:20 MSGE bull thesis (SOTP) versus bear thesis (Sphere)37:00 How bad was the MSGN deal40:15 Sports betting47:00 What are the Rockettes worth?49:20 Will James Dolan actually sell the team?53:30 Please don't trade for Donovan Mitchell

(Sorry about the audio! I recorded this on a shitty computer mic. We have better mics but I didn't have them on me at the time)This is the recording from the live episode I did to explain what is going on with the podcast going forward. I answered some questions from the live chat. We should be back to start recording episodes in September. Thank you to everyone that have shown the show support. Follow us:Instagram @Con_Men_Podcast,Twitter- @Conmenpodcast1Facebook- Con Men PodcastDiscord- https://discord.gg/ppyGMej6x3Subscribe to our Patreon here https://www.patreon.com/conmenpodcasthttps://linktr.ee/conmenpodcast

Duuhhh maaf banget episode kali ini kepotong karena masalah teknis pasa saat rekaman, jadi beberapa bulan yg lalu stocast sempet vakum beberapa bulan karena Martha sakit, sempet divonis kista di hidung ternyata bukan, alhasil hidung nya harus dioperasi. nah apa yang terjadi jika operasi plastik menggunakan BPJS ? --- Send in a voice message: https://anchor.fm/story-podcast/message Support this podcast: https://anchor.fm/story-podcast/support

Egypt has again appealed to the UN Security Council to intervene in the dispute with Ethiopia over the Grand Ethiopia Renaissance Dam (GERD). The distribution arm of Abu Dhabi National Oil Company (ADNOC) has agreed to acquire 50% of Total Energies Egypt for USD 186 mn. Total Energies represents EGP2.52/share out of BINV's total SoTP valuation of 17.67/share. 315 Egyptian contractors registered to participate in El-Dabaa nuclear power plant as part of the local component of the project. The first phase of high-speed rail line that will ultimately link Ain Sokhna to Marsa Matrouh will be inaugurated on 7 November. (Siemens, ORAS, and Arab Contractors)AMIC: Passenger car sales dropped in June 22 to record 12k vehicles (-35% YoY), I H22 sales is 92k vehicles (-8.7% YoY). June is the first month to record a positive MoM change of 4.4%.AUTO raised its selling prices for its Hyundai and Cherry models offered in the "Go Green" program by an average of EGP30k-35k per car.The car manufacturing strategy has been finalized by the cabinet and will be presented to the parliament by October 2022 for approval. EGTS lawsuit concerning the 20.0 million sqm third phase Sahl Hasheesh land plot, the court had reserved the case for ruling for today, 31 July 2022.ORHD plans to launch two residential phases and start construction of the administrative area in 4Q22 in O West.EMFD launched the North Coast project, Soul, which is the partnership project between Eagle Hills Egypt (25% stake for EMFD).ZMID reported a 21.8% y/y increase in 1H22 net profit to EGP109.7 million.Banque Misr's acquisition of CICH's consumer finance arm, Souhoola, went through last week in a transaction valued at EGP 173 mn, or 43x P/B. HRHO has settled on listing Valu on the Egyptian Stock Exchange over the next two years.Amendments to the Telecommunication Regulation would toughen penalties for the use, operation, installation, or importation of any mobile device or telecom equipment not approved by NTRA.FWRY signed a strategic partnership with zVendo.com, an e-commerce platform. Under the agreement, FWRY will provide different digital payment solutions for zVendo customers.The government is engaged in serious discussions with investors and major players within the healthcare sector, aimed at higher participation of the private sector in the management of government hospitals.

In this episode we bring you up to speed on SOTP's recent doings, including our attendance at Bremont's recent event with Bike Shed Moto Co. in Los Angeles. The watch spotting was pretty epic, and so was the venue! If you're into Moto culture and live in LA, you've got to check it out. On a related note (it involves cool pilot watches, after all...), Matt scored an invite to "The Fighter Pilot Podcast" private screening for the premier of "Top Gun: Maverick". Most of the attendees were TOPGUN alums and instructors, along with a sprinkling of folks associated with the making of the film(s). The watch spotting at this event was also pretty extra. Check out FPP's youtube channel to watch Vincent Aiello host the most legit "fighter pilots react to Top Gun" video ever made! lol Thanks for listening. https://www.bremont.com https://instagram.com/bremontwatches https://www.fighterpilotpodcast.com https://instagram.com/fighterpilotpodcast https://bikeshedmoto.com https://instagram.com/bikeshedmotoco

MSCI Egypt Index Changes: HRHO replaced FWRY in the Standard Index; EFIH and FWRY got included in Small Cap Index; PHDC and HELI have been excluded from the Small Cap Index. The execution date is May 31. A press conference to announce new details of the state's response to the economic turmoil fallout from Russia's war in Ukraine will take place this week. Might unlock IMF funding.  The EGP continued to strengthen against the USD on Thursday, jumping to USD 18.38 from EGP 18.44 on Wednesday. Egypt is in talks with India for exemption from the wheat exporting ban decision. Egypt is considering the purchase of wheat from Pakistan and Mexico.More than 40 US companies arrive for three days of meetings to discuss business partnerships in energy, healthcare, agriculture, aviation, construction, and water resource management. Amazon has agreed to purchase USD 10 mn worth of HRHO's GDRs (c.10% stake in HRHO) with an option to convert the investment into a 4.255% equity stake in EFG's consumer finance arm valU (valued at USD 235 mn).  This translates into SoTP valuation for HRHO at EGP 21.53/share FV for HRHO, out of which EGP 4.49/share is for Valu. HRHO is currently trading at 0.9x P/B22 and 9.3xP/E22.ATLC reported positive 1Q22 financial results where the net income recorded EGP26 million (+57% q/q, -64% y/y). The decline is attributable to the one-off securitization gain of EGP65 million that was booked in 1Q21. Outstanding lease portfolio to EGP4.3 billion as of March 2022 (+10% q/q, +39% y/y). ATLC is currently trading at P/B22 of 0.9x and P/E22 of 3.9x, on an ROE of 28%.CBE is getting ready to hand out its first digital banking licenses during the next few weeks. Applied: NBE, Banque Misr, Emirates NBD, QNBA, and Bank ABC. Interested: EFIH, COMI, SAUD, and CANA.Egypt will sign contracts for the second and third phases of our high-speed railway with Siemens by the end of May, at an investment cost of USD6.0 bn. The total project cost is USD23 bn. Urea Indian Index prices dropped to reach USD800/ton. Egyptian producers are reporting that this is similar to their current average export prices.Ministry of Transportation approved the license for ABUK to operate and manage Abu Qir marine port to export its surplus ammonia production for three years starting February 2022.RMDA reported 1Q22 attributable net profit came in at EGP71.8 million in 1Q22 (+138% YoY, -3.0% QoQ). Results were driven by revenue growth and better margins. RMDA is currently trading at 2022f P/E of 9.7x and EV/EBITDA of 6.9x. New Administrative Capital Company is considering allowing land payments by developers to be postponed by a year.There is an expected upcoming meeting between real estate development companies & Egyptian Real Estate Finance Federation representatives to study real estate financing for units under construction.

SOTP Mike Dirsa with guest host Michael (@Oilerslive) interview Rob Schremp. Rob is an NHL Alumni currently living overseas and mentoring young players on how to be successful in hockey. Rob's insights are amazing and his ability to look at the game from a place of skill and experience are one of a kind. SOTP is hosted by the Heavy Hockey Network. Home to some of the best NHL, Hockey, and Edmonton Oilers podcasts from around the league. Check out our editorials at www.heavyhockey.com

Definitely be talking trade deadline and potential moves for the Edmonton Oilers. National Hockey League Trade Deadline Talk SOTP is hosted on the Heavy Hockey Network home form some of the best NHL, Hockey, and Edmonton Oilers podcasts from around the league. Check out our editorials at www.heavyhockey.com Guests Ryan Lotsberg (Heavy Hockey contributor) and Michael Hebert (Host of Oilerslive). 

L'amour. Le grand, le vrai, celui avec un grand A. L'amour qui transcende, secoue, désarçonne et transporte. Cet amour véritable qui, depuis toujours, a nourri les artistes, de l'écrivain(e) au peintre, du/de la cinéaste au/à la musicien(ne). Et bien que personne ne remette son existence en cause, la notion du « vrai amour » reste ardue à définir. Car rien n'est plus personnel que le sentiment amoureux.Dans ce contexte, difficile donc de vous donner une signification de l'amour vrai, claire et objective. À la place, voici la définition - très personnelle - d'hommes et de femmes qui l'ont expérimenté.L'amour vrai et sincère, qui résiste au tempsPour Emma, architecte bordelaise, le vrai amour, c'est celui qui résiste au temps. Celui qui ne s'explique pas, mais qui chamboule tout sur son passage.« J'ai vécu une relation en pointillé pendant toute ma vingtaine. Lorsque je l'ai rencontré, j'étais en couple. J'ai eu une aventure avec lui, ai sérieusement songé à quitter mon compagnon de l'époque mais suis finalement restée, par crainte de faire une erreur. J'ai coupé les ponts et nous nous sommes retrouvés deux ans plus tard. Cette fois-ci les rôles s'étaient inversés : j'étais célibataire, il était en couple. La situation s'est répétée, puis c'est lui qui a, cette fois-ci, coupé les ponts.Puis, deux ans plus tard, l'histoire se répète à nouveau. Nous sommes alors tous les deux en couple. Il me propose de tout quitter pour partir avec lui. J'ai très sérieusement songé à le suivre, mais je n'ai pas eu le courage de renoncer à mon quotidien, mon confort. Il est aujourd'hui marié. Malgré tout, une partie de moi ne peut s'empêcher de penser qu'on finira un jour par se (re)trouver. Entre nous, c'est un amour qui ne s'explique pas, qui résiste au temps, à l'absence de l'autre. Et qui est toujours aussi fort quand on se retrouve, même après des années de silence. »Le véritable amour existe Marta, institutrice de 36 ans, estime que le vrai amour, c'est celui qui tient bon face aux difficultés de la vie.https://lesen.amazon.de/kp/embed?asin=B07DHTHDGG&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_9HM6ACQRTCMNYG4324V3&tag=storeup09-20☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆☆https://linktr.ee/jacksonlibon-------------------------------------------------------------------------------------------------#facebook #instagram #amour #couple #couplegoals #famille #relation #doudou #TotalEnergiesAFCON2022 #TeamTunisia #CAN2021 $BTC $ETH #cryptocurrency #Bitcoin #Ethereum #Avalanche#altcoins #Crypto #NFTs #Avalanche #innovation #CryptocurrencyNews #cashback #YieldFarming #TotalEnergiesAFCON2021 #TeamMali #TUNMLI #teamegypt #afcon2021 #TeamCameroon #youtube #twitter #tiktok #love #reeĺs #shorts #instagood #follow #like #ouy #oyu #babyshark #lilnasx #girl #happybirthday #movie #olive #garden #menu #deviance #autotrader #trading #khan #academy #carter #carguru #ancestry #accords #abc #news #bts #cbs #huru bluebook #socialmedia #whatsapp #music #google #photography #memes #marketing #india #followforfollowback #likeforlikes #a #insta #fashion #k #trending #digitalmarketing #covid #o #snapchat #socialmediamarketing #bhfyp

SOTP Postgame show following the Edmonton Oilers third game of their Eastern road trip versus the Carolina Hurricanes. SOTP is hosted by the Heavy Hockey Network. Home to some of the best NHL, Hockey, and Edmonton Oilers podcasts from around the league. Check out our editorials at www.heavyhockey.com

Bill Chen, an institutional real estate investor, goes through his thesis for FRPH. FRPH is a conservatively managed real estate company with a great management team and a history of growing NAV and monetizing assets at opportunistic times.You can find all my writings here: https://yetanothervalueblog.substack....My notes on FRPH: https://twitter.com/AndrewRangeley/st...A rough SOTP for FRPH: https://twitter.com/RhizomePartners/s...Chapters0:00 Intro1:20 FRPH overview3:30 Discussing FRPH's management team / majority shareholder8:00 Understanding the royalty business14:15 Valuing the royalty business21:20 FRPH's balance sheet and net cash22:15 FRPH's real estate value32:00 Pulling the SOTP together33:45 Opportunity cost and alpha at FRPH39:25 FRPH's history of selling assets40:30 How is FRPH still acquiring warehouse plays?43:00 Why FRPH versus other REITs under NAV?47:10 FRPH versus SRG52:00 Why isn't FRPH buying shares right now?57:00 What keeps Bill up at night for FRPH?1:02:30 Closing thoughts

Hati terasa sakit, masih tetap disakiti lagi dengan mempermalukan seorang wanita. --- Send in a voice message: https://anchor.fm/story-podcast/message Support this podcast: https://anchor.fm/story-podcast/support

Tonight's guests are Edmonton Comedian Lars Callieou and Australian Comedian Chris "BLOKE" Franklin. Along with Dirs and Dash prepare to talk Edmonton Oilers hockey after a big Oilers win over the Calgary Flames.

Saat janji untuk bersama selamanya, tapi janji itu hanya sampai bibir saja.  --- Send in a voice message: https://anchor.fm/story-podcast/message Support this podcast: https://anchor.fm/story-podcast/support

episode ini direkam di tahun 2021. di episode ini gue ngobrol sama temen kuliah gue tentang perjalanan dia yang berawal dari pegawai starbucks sampai jadi pramugari Garuda, bagaimana story nya ? dengankan episode ini dan mohon maaf jika terdengar suara tangisan bayi hehe --- Send in a voice message: https://anchor.fm/story-podcast/message Support this podcast: https://anchor.fm/story-podcast/support

In Part 2 of this two part podcast, Jacob Rubin discusses his thesis for GLNG, including why the company trades at a huge discount to its SOTP and why an upcoming spin can delever the core business and serve as a catalyst for the company.Part 1 of the podcast on FTAI: https://yetanothervaluepodcast.substack.com/p/podcast-87-jacob-rubin-is-flyingMy notes on GLNG: https://twitter.com/AndrewRangeley/status/1471134280906682371?s=20Jacob's research on GLNG: http://philosophycap.com/research.htmlChapters0:00 Intro1:35 GLNG overview5:55 GLNG's different pieces10:30 Discussing GLNG debt and convert maturity13:10 Focusing on the main value driver, FLNG22:00 GLNG's growth asset, Gimi24:45 GLNG SOTP math27:05 Why is the market sleeping on the current environment for GLNG?29:45 Capital allocation and GLNG's lack of share buyback34:55 Historical issues with shipping in general37:30 Closing thoughts

In our latest episode, we reach WAAAAAY out over the Atlantic to catch up with our #watchfam pal, Dan C. ( aka @timely_moments ) of the ZuluTime Podcast. Dan was in attendance at Bremont's Longitude/ENG movement launch, so we get the details on that and speculate a bit on where the new movement will make its next appearance in their lineup. We also have a bit of an update on 2021's SOTC, and share a round-robin of gift ideas for watch nerds and fans of the adult beverage scene. Dan is a cool guy and we were glad to do a shared episode for the holidays. Thanks for listening!

In this episode Dan (@timely_moments) sits down with Matt and Gregg, the hosts of The Spirit of Time Podcast. They discuss 2021 watch releases  and how their collections have changed over the year, with a Bremont Longitude debrief and some Christmas drinks and gift suggestions. References through out the episode are below. The Spirit of Time Podcast - @spiritoftimepodcast Matt - @mattmcd_gmt / @sgv_wis Gregg - @time_and_tequila Bremont Watches - @bremontwatches Bremont Military - @bremontmilitary Elliot Brown Watches - @ebwatches Timor Watch Company - @timorwatch Nims Dai - @nimsdai  14 Peaks - https://www.netflix.com/search?q=14&jbv=81464765 Wingback Hip Flask - https://wingback.co.uk/products/100ml-hip Elliot Brown Hydro Flask - https://elliotbrownwatches.com/collections/coffee/products/eb-hydroflask-16oz-bottle-wide-mouth-flex-sip-lid-stone-grey Victorinox - https://www.victorinox.com/uk/en/Products/Swiss-Army-Knives/c/SAK?ScrollPosition=0&maxResults=60

Chris McIntyre returns to the podcast to discuss his belief that MSGE is a  cheap stock. Key topics include how to look at the Sphere, why the Dolans might not be as bad as you think, and why he thinks the company will gush free cash flow once the Sphere is completed.My notes on MSGE: https://twitter.com/AndrewRangeley/status/1469002333908606979?s=20Chris's website / presentation on MSGE: https://msgeisacheapstock.com/presi.htmlMy podcast with Jon Boyar on the awful MSGE / MSGN deal: https://twitter.com/AndrewRangeley/status/1379040448149356546?s=20Chapters0:00 Intro1:30 MSGE overview4:45 The elephant in the room: should MSGE get a "Dolan Discount?"9:30 Discussing The Sphere14:25 The cost escalation history of the Sphere27:10 What's the outlook for RSNs in general and MSGN in particular?30:30 Why was combining MSGN with MSGE the right move?33:30 Valuing MSGN given the turmoil in RSNs36:55 How does MSGN transition to a D2C world?41:50 More on MSGN's value50:05 What does the income statement look like as MSGN transitions?59:55 Valuing Tao and The Rockettes1:03:20 Valuing the Garden1:08:35 Closing thoughts and a quick SOTP

Ari Lazar, senior analyst at RGA investment advisors, discusses his bull case for KW. Ari believes KW trades at a material discount to NAV, and that discount should shrink as the company's growth starts to ramp up in the near future.My tweet thread on KW: https://twitter.com/AndrewRangeley/status/1465714725254307840?s=20RGA's Q3 letter w/ KW discussion: https://www.rgaia.com/commentary/q4-2021-investment-commentary-looking-inward-and-looking-westward/Chapters0:00 Intro1:25 KW Overview2:45 How KW fits into RGA's investment framework6:35 KW history8:30 Discussing the KWE / KW deal from ~201711:30 What's KW been doing since the KWE deal?18:35 Diving into KW's SOTP and their multifamily properties20:45 Slight technical difficulty21:25 Continued discussion of KW's SOTP / multifamily assets23:05 KW"s office assets29:45 How do you get comfortable when cap rates are this low?32:30 KW's development asset value40:20 Valuing KW's asset management business50:10 Don't all real estate companies trade at a discount to NAV?55:25 Is there financial engineering potential / could KW split into a REIT?1:02:00 Does KW belong on the Mount Rushmore of value traps?

Beers and watches and guests, oh my! We did another joint episode with The Outta Time Podcast fellas, and we were joined mid-recording by none other than watch pod OG Horology411! We get a lot of good feedback on these shared episodes. Honestly, it's a big part of why we started a podcast in the first place... we missed the live GTG atmosphere, and we figured you all did, too. Chase (Horology411) joins us with a pair of bonkers Universal Geneve watches that look VERY MUCH like a certain steel sports icon from Patek Philippe, Matt finds religion on Lorier, and we all learn a new way to pronounce Seiko: "SayKeeOh"!

Nitin Sacheti. CIO of Papyrus Capital and PM at ARS Investment Partners, breaks down his thesis for Innovate (VATE). VATE used to be known as HCHC. HCHC was a mishmash of interesting but disparate assets with a huge cost base. Following an activist battle in late 2019 / early 2020, a new management team was brought in and they have sold off noncore assets while dramatically reduing corporate overhead. Nitin believes the remaining assets are all uniquely valuable, and each could be worth more than VATE's current market cap on their own. With several looming catalysts and inflection points, Nitin thinks the next year or two could cause the market to rerate VATE closer to its intrinsic value.My thread on $VATE: https://twitter.com/AndrewRangeley/status/1452377035897200653?s=20Chapters0:00 Intro2:15 VATE Overview3:05 Segment #1: DBM Overview5:15 Segment #2: Life Sciences Overview7:15 Segment #3: Broadcasting Overview12:10 Discussing VATE's new management team21:45 Breaking down the Broadcast business30:00 Pushing back on the broadcast business plan35:50 How to value broadcast's spectrum37:55 Is broadcast spectrum still valuable in a 5G world?42:20 Discussing DBM's moat and value47:40 What does R2 (life science's main asset) do?53:20 Walking through VATE's SOTP value1:00:50 How to look at VATE's recent related party deals1:05:25 Discussing VATE's chairman and largest shareholder1:08:15 What's the endgame for VATE?Additional disclaimer: Today's discussion may contain forward looking statements all statements made that are not historical facts are subject to a number of risks and uncertainty; actual results may differ materially. Please refer to ARS's website for important legal and disclosure information: www.arsinvestmentpartners.com

"Flyer" GMT is better than "caller" GMT; Every *real* watch collector needs to own a Speedmaster; Never polish an old watch! In this episode, Gregg and Matt address WIS dogma. There is a great deal of received WISdom floating around out there in the watchosphere. How much of it actually stands up to scrutiny? Are the diehard Rolex fans right about anti-reflective coating being a bad idea? Listen to find out if we agree. Also, we chat for a moment or 3 about the latest developments with Bremont (Matt doesn't care much for the irrational haters, in case you've not heard! lol) and their ENG300 manufacture caliber. Thanks for listening!

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Welcome to the Let the Money Talk podcast. In this episode, Phillip Securities Research's analyst, Natalie Ong, discusses the report on CapitaLand Investment Limited, which is charting new growth. We initiate coverage on CLI with an ACCUMULATE rating and SOTP derived TP of S$4.00. We like CLI for three main reasons. Firstly, CLI's stable and recurring revenues from fees income and real estate investments. Secondly, growth in fund management and lodging AUM will help to drive fee income. Lastly, its S$3bn divestment target will be channelled into new economy assets. Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

Mike Dashney (@dashinthepark) joined host Eric Friesen (@EricJFriesen) to discuss his Junior B playing days as well as the Oilers upgraded forward depth, dominant power-play and who will finish third in team scoring this season.

First half ended up with audio troubles. Here is the second half with Dirs and Jason talking some Flames and Oilers hockey.  Tonight's guest is Jason from Puck and Pigskin Podcast Join Dash and Dirs every Thursday for Straight Off The Pipe #SOTP on the Heavy Hockey Network. We're home to some of the top Oilers podcasts and Edmonton Oilers live streams.

Tim Weber, a private investor, discusses the bull thesis for $AMPY. We're in a period of heightened uncertainty, as the company's Beta asset was responsible for an oil spill last weekend. However, Tim think the market has shot AMPY and priced in a worst case scenario without factoring in lots of other factors (the likelihood a ship is responsible for the spill, that this spill is much smaller than precedent spills and damages shoudl thus be significantly lower, etc.).AMPY is a microcap oil and gas company with high leverage and ongoing risk from the oil spill. Investors should remember the extremely high degree of risk here, that nothing on this podcast is investing advice, and that everyone is encouraged to do their own work!Tim's AMPY write up: https://twebs.substack.com/p/ampy Chapters0:00 Intro1:55 Extra Disclosures3:10 AMPY Overview6:25 Diving into the spill9:40 The Plains All American (PAA) Precdent15:20 Does AMPY's small size mean they don't have the resources to survive the spill?20:00 Is there a chance the net liability to AMPY is ultimately zero?22:00 Discussing the current regulatory / fine envrionment22:45 AMPY's solvency and liquidity28:45 Could AMPY file Beta without impacting the rest of the company?30:30 Will the spill push AMPY to sell assets?33:30 AMPY's SOTP and PV-1039:10 Could regulators pull the Beta lease?44:50 Recovery risk if a ship is found at fault46:40 Could AMPY's hedge book be an issue?50:15 Is the delay from AMPY alerting regulators hurt them?56:00 Tim's closing thoughts

In this episode, we're live for the first time in 4 months, and we start as we mean to continue- with a sip of great mezcal from Sombra! We take a quick pass through 3 expressions of this agave spirit ( 1 blanco, 2 reposados ) and let's just say that Matt came away impressed. Once we put down the booze, we got into a discussion about heirloom watches. We looked at different watch options, strategies, and considerations for acquiring watches with the intent of passing them along to children. Is Rolex the best option..? Listen and find out.

Dash is hosting solo tonight, but has guest Ryan Peterson https://www.twitter.com/13Petey two good Saskatchewan boys talking Edmonton Oilers hockey and some old Junior hockey stories. Ryan is also a Sabres fan, so there will be lots of hockey to discuss tonight.   Join Dash and Dirs every Thursday for Straight Off The Pipe on the Heavy Hockey Network. We're home to some of the top Oilers podcasts and Edmonton Oilers live streams. If you want Oilers hockey and opinions, come here and tune in.

欢迎收听雪球和喜马拉雅联合出品的财经有深度，雪球，3500万投资者在线交流，一起探索投资投资的智慧，听众朋友们大家好，我是主播匪石-34，今天分享的稿件名字叫做腾讯vs阿里： 令人智熄的市值战争，来自于陈达美股投资。 1.追涨杀跌真韭菜，只认市值是萌新 我持股时间最长是亚麻，第二是腾讯。因为在美国的时候没有港股账户，当年为了买港股王，颇费周章，结果发现腾讯ADR在粉单市场里流窜，五个字母的大块头，赶紧收入囊中。当时买入逻辑简单得令人心碎——如果在美国华人圈里微信无论频次还是时长都能遥遥领先其他APP，那在国内必须就是移动互联网宇宙中心的存在。逻辑虽直白，但投资难的不是买入，而是长期持股，无论魏晋。 所以可以说对腾讯颇有感情。作为国内最大的两家互联网公司，腾讯和阿里之间一直有所谓爸爸们的战争，而最近有个论调甚嚣尘上，说是阿里市值超过了腾讯，还不是一丢丢，而是一万亿港币，一个东了，于是说爸爸的战争已经有结果，腾讯已掉队，腾讯继续没有梦想，没有to B基因，BAT现在分三档啊，云云。 把我给看笑了。 短期内的动态市值不足以捕捉公司价值。原因很简单，价格不等于价值，市场是一个躁郁症患者，倾向于乐观时候涨过头，悲观时候跌过头，还容易起泡沫。如果动态市值足以论成败，则跟谁学应该是在线教育之王，拉总能吊打网易有道、新东方在线、猿辅导、作业帮之和。 也有人会认为阿里这波与腾讯拉开市值距离，与蚂蚁集团上市有关，毕竟阿里占股蚂蚁33%的股份，假设蚂蚁IPO发2500亿美元，则这一部分值833亿，已然超出阿里体量的10%以上。二级市场说不定还会再爆炒一下，翻一倍，阿里就该涨10%+。 有一定关系，但以投资市值来倒推母公司市值，许多情况下逻辑并不成立——比如新浪与微博，搜狐与搜狗，都是估值倒挂。简单的用SOTP（sum of the parts）估值法将所有业务与投资加总以求其价值，有其显而易见的缺陷。 而我认为这次阿里市值能够大幅超越腾讯，最主要原因其实是增发，也就是阿里在港股二次上市的行为。有人会说阿里增发融资了100亿美元，那市值最多涨100亿；但这是会计课本上的说法。 理论上定增会让市盈率升高，市净率降低，且稀释作用还应让股价下跌，但毕竟都是书本理论。同样是融了100亿，阿里融到100亿和宝钢融到100亿，会计上看都是现金与净资产增加了100亿；但长期来看，因为市场认为阿里手里100亿的盈利能力或增长要远高于宝钢手上的100亿，所以增发其实并不会对PE或PB有太大影响。阿里融了100亿，我们假设P/B不变，以6.4来算，给市值的贡献至少是640亿美元，也就是近5000亿港币。 把时间拉长，我们也能从阿里与腾讯市值的变迁上看出这一点。在二次上市之前，爸爸们市值你追我赶、非常接近，到了阿里二次上市，市值差距迅速呈现喇叭口拉大；疫情宅经济让腾讯追回了一程，但之后仍然恢复原状。 因此只要市场认可你资金利用能力与估值倍数，不停增发融资就可以做大市值，只要你确实知道该怎么样花这笔钱创造价值。而没有融资需求的融资我认为是耍流氓，因为这会成为你公司账上的excess cash，是100亿就是100亿，不应该给任何估值倍数，在做估值比较时应该砍掉。 最后从投资的角度来看（反正两个爸爸都不分红），投资腾讯，无论是从阿里刚上市到现在，还是三年回报，抑或是一年回报，对于个人投资者而言，都不输给投阿里。 因此，市值论可休，爸爸们的战争更多的是应该在业务对抗层面去聊天，阿里与腾讯各自优势明显（腾讯的社交与游戏，阿里数据库技术、云计算、甚至AI芯片等），一个大愚若智的市值对比并不能说明问题，市值短期差异这个历史数据，不应是看多、看空公司未来表现的依据。 2.阿里to B，腾讯to C? 再来说一说另一种论调，阿里to B强，腾讯to C强，所以疫情期间宅经济让腾讯市值超越阿里，而复工复产后的企业报复性加班加点，所以阿里市值就起来了。以此来印证一个观点：腾讯没有to B的基因。当然从吴军的口中说出来，这是一个已经唱了一年的老观点。 一年前的观点立不立得住，数据最真实，一年以来代表腾讯产业互联网实力的金融科技及企业服务收入一直维持同比高增长。即使在疫情下的Q1和Q2也不例外,而Q2收入更是同比增长30%，至人民币298.62亿元。这一块业务的规模接近于核心业务“游戏+社交”的一半，与后者一起膨胀。 根据瑞银数据，腾讯与微信已经帮助250万家企业、为2.5亿用户服务，为产业互联网业务建立超过100万服务器，与合作伙伴密切合作、改进行业解决方案。腾讯还宣布了100亿元人民币的投资计划，给中小企业建立100个SaaS解决方案。 只能说，从结果来看，腾讯产业互联网阶段性略有小成。 所有的模式本质都是to大C的，包括庞骗和金字塔模式。To B也好，To C也罢，甚至To G（政府主导，government），本质上都是To大C，这里的大C是指clients（用户）。当然侧重会有不同，B的用户重极致服务，C的用户重产品体验，而to G的关键是要搞懂G的用户需求到底是什么，所谓上心莫测。 无论To B/C/G，一侧做好了，向另一侧业务延伸，逻辑是通顺的，因为本质上都是伺候好clients，这是张磊所言的社会价值的内核。这也是腾讯一直在讲的B2B2C，甚至再加个2G也行，G就是一种另类的B。无边界本就是互联网的属性，没有基因是很lame的借口。 我一直在想，腾讯做第二个钉钉，与阿里做第二个微信，谁更难。当然有些人还有第二个困惑，为什么腾讯会既有企业微信，又有腾讯会议？有人说，这是腾讯用to C的赛马机制搞to B的在线办公，企业微信是张小龙的微信事业群，腾讯会议是汤道生的云与智慧产业事业群，打呗，谁打出来谁就去跟钉钉拼。于是一些人看到APP下载榜“1.钉钉2.企业微信3.腾讯会议”，就痛心疾首——2和3你们是一家人呐。 许多人以此为借口说腾讯没有弄清楚to B与to C的逻辑差别。问题是在疫情期间阿里也搞了一个阿里云会议，并没人批评阿里用赛马玩钉钉。腾讯会议本就是对企业微信补充，或者说是互相补充，产品矩阵永远要胜过单一产品。 小马哥喜欢《失控》，《失控》有一块内容是讨论一个大机器的内部，或者机器群落之间，应该以什么样的形式相处，应该采取什么样的方法去推进，最终目标是找到答案。失控本身就是去中心化的有机体自然生长的意思。其实这与哈耶克的思想也很接近，你过度控制的结果，就是生态崩塌。 最后我觉得你也不用过分追求To B或To C，别人说你没基因，你非要说我有我有我就有。能做成什么样的业务很多时候是市场赏口饭吃，哈耶克对于市场调节力量的敬畏就来于此，顺水推舟、水到渠成就对了。腾讯一直是产品型的企业，其to C最天然也最赚钱，而to B的基础设施，顺水推舟，一步步丰满。 当然敬畏市场、发挥所长经常会被人诟病为路径依赖；但我认为你有路径还不依赖，老想要头铁破圈，也不是脑回路正常的人的思维。你所依赖的路径或许就是你的竞争壁垒——换个思路想，护城河也可以理解为是一种路径依赖。 所以有人力、财力、技术、生态、用to C的赛马机制跑to B的业务，都没有必然的对错。至于基因论这种说法我觉得挺荒诞的，亚马逊一开始有to B基因吗，长出一个AWS来就有了。无论是to B/C/G，诞生不足一年的腾讯会议已经成为中国最多人使用的视频会议产品，深度服务于政务、金融、教育、医疗等行业和中小企业在线办公。沉迷于腾讯没有to B基因的人肯定搞不清楚为啥下面这件事会发生——在腾讯全球数字生态大会上，腾讯会议宣布完成了一个小目标，用户数超100,000,000；腾讯会议只用了245天，成为最快突破1亿用户的视频会议产品。 3.小结 以市值论成败，以市值论腾讯产业互联网to B的发展，都是不考虑实际情况的意淫，属于萌新萌语。 最后想再简单说几句微信。有人说微信之后再无惊艳，我认为这是对惊艳两个字期望过高。只要下面三个逻辑不怂，腾讯就值继续长期持有： a.微信的惊艳在于其0级流量入口的霸主地位，是一切移动端APP与SaaS的基建与底层；如果将微信称作惊艳，那全国就独此一家。 b.微信用户迁移成本极高，因此在移动互联网时代将有长期护城河。这个时代什么时候会结束，目前似乎没人知道答案。 c.投资腾讯的核心逻辑在微信，游戏常有，微信不常有；只要流量入口在，游戏就不会弱。 投资腾讯的基本盘好像很多年都一脉相承，而与小马哥所言的“没有一天不是如履薄冰”相反，持有腾讯从来就不曾困扰过我的睡眠。在一切质疑声中，无论是失控还是控制，腾讯总是在自我突破，满足多元需求。在TMT行业里，流量思维至今仍未过时；投腾讯或者跟着腾讯投，都是TMT投资一种靠谱的玩法。 利益披露：作者持有腾讯控股多头仓位。 作者：陈达美股投资链接：https://xueqiu.com/9598793634/159491951来源：雪球著作权归作者所有。商业转载请联系作者获得授权，非商业转载请注明出处。风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。

欢迎收听雪球和喜马拉雅联合出品的财经有深度，雪球，3500万投资者在线交流，一起探索投资投资的智慧，听众朋友们大家好，我是主播匪石-34，今天分享的稿件名字叫做腾讯vs阿里： 令人智熄的市值战争，来自于陈达美股投资。 1.追涨杀跌真韭菜，只认市值是萌新 我持股时间最长是亚麻，第二是腾讯。因为在美国的时候没有港股账户，当年为了买港股王，颇费周章，结果发现腾讯ADR在粉单市场里流窜，五个字母的大块头，赶紧收入囊中。当时买入逻辑简单得令人心碎——如果在美国华人圈里微信无论频次还是时长都能遥遥领先其他APP，那在国内必须就是移动互联网宇宙中心的存在。逻辑虽直白，但投资难的不是买入，而是长期持股，无论魏晋。 所以可以说对腾讯颇有感情。作为国内最大的两家互联网公司，腾讯和阿里之间一直有所谓爸爸们的战争，而最近有个论调甚嚣尘上，说是阿里市值超过了腾讯，还不是一丢丢，而是一万亿港币，一个东了，于是说爸爸的战争已经有结果，腾讯已掉队，腾讯继续没有梦想，没有to B基因，BAT现在分三档啊，云云。 把我给看笑了。 短期内的动态市值不足以捕捉公司价值。原因很简单，价格不等于价值，市场是一个躁郁症患者，倾向于乐观时候涨过头，悲观时候跌过头，还容易起泡沫。如果动态市值足以论成败，则跟谁学应该是在线教育之王，拉总能吊打网易有道、新东方在线、猿辅导、作业帮之和。 也有人会认为阿里这波与腾讯拉开市值距离，与蚂蚁集团上市有关，毕竟阿里占股蚂蚁33%的股份，假设蚂蚁IPO发2500亿美元，则这一部分值833亿，已然超出阿里体量的10%以上。二级市场说不定还会再爆炒一下，翻一倍，阿里就该涨10%+。 有一定关系，但以投资市值来倒推母公司市值，许多情况下逻辑并不成立——比如新浪与微博，搜狐与搜狗，都是估值倒挂。简单的用SOTP（sum of the parts）估值法将所有业务与投资加总以求其价值，有其显而易见的缺陷。 而我认为这次阿里市值能够大幅超越腾讯，最主要原因其实是增发，也就是阿里在港股二次上市的行为。有人会说阿里增发融资了100亿美元，那市值最多涨100亿；但这是会计课本上的说法。 理论上定增会让市盈率升高，市净率降低，且稀释作用还应让股价下跌，但毕竟都是书本理论。同样是融了100亿，阿里融到100亿和宝钢融到100亿，会计上看都是现金与净资产增加了100亿；但长期来看，因为市场认为阿里手里100亿的盈利能力或增长要远高于宝钢手上的100亿，所以增发其实并不会对PE或PB有太大影响。阿里融了100亿，我们假设P/B不变，以6.4来算，给市值的贡献至少是640亿美元，也就是近5000亿港币。 把时间拉长，我们也能从阿里与腾讯市值的变迁上看出这一点。在二次上市之前，爸爸们市值你追我赶、非常接近，到了阿里二次上市，市值差距迅速呈现喇叭口拉大；疫情宅经济让腾讯追回了一程，但之后仍然恢复原状。 因此只要市场认可你资金利用能力与估值倍数，不停增发融资就可以做大市值，只要你确实知道该怎么样花这笔钱创造价值。而没有融资需求的融资我认为是耍流氓，因为这会成为你公司账上的excess cash，是100亿就是100亿，不应该给任何估值倍数，在做估值比较时应该砍掉。 最后从投资的角度来看（反正两个爸爸都不分红），投资腾讯，无论是从阿里刚上市到现在，还是三年回报，抑或是一年回报，对于个人投资者而言，都不输给投阿里。 因此，市值论可休，爸爸们的战争更多的是应该在业务对抗层面去聊天，阿里与腾讯各自优势明显（腾讯的社交与游戏，阿里数据库技术、云计算、甚至AI芯片等），一个大愚若智的市值对比并不能说明问题，市值短期差异这个历史数据，不应是看多、看空公司未来表现的依据。 2.阿里to B，腾讯to C? 再来说一说另一种论调，阿里to B强，腾讯to C强，所以疫情期间宅经济让腾讯市值超越阿里，而复工复产后的企业报复性加班加点，所以阿里市值就起来了。以此来印证一个观点：腾讯没有to B的基因。当然从吴军的口中说出来，这是一个已经唱了一年的老观点。 一年前的观点立不立得住，数据最真实，一年以来代表腾讯产业互联网实力的金融科技及企业服务收入一直维持同比高增长。即使在疫情下的Q1和Q2也不例外,而Q2收入更是同比增长30%，至人民币298.62亿元。这一块业务的规模接近于核心业务“游戏+社交”的一半，与后者一起膨胀。 根据瑞银数据，腾讯与微信已经帮助250万家企业、为2.5亿用户服务，为产业互联网业务建立超过100万服务器，与合作伙伴密切合作、改进行业解决方案。腾讯还宣布了100亿元人民币的投资计划，给中小企业建立100个SaaS解决方案。 只能说，从结果来看，腾讯产业互联网阶段性略有小成。 所有的模式本质都是to大C的，包括庞骗和金字塔模式。To B也好，To C也罢，甚至To G（政府主导，government），本质上都是To大C，这里的大C是指clients（用户）。当然侧重会有不同，B的用户重极致服务，C的用户重产品体验，而to G的关键是要搞懂G的用户需求到底是什么，所谓上心莫测。 无论To B/C/G，一侧做好了，向另一侧业务延伸，逻辑是通顺的，因为本质上都是伺候好clients，这是张磊所言的社会价值的内核。这也是腾讯一直在讲的B2B2C，甚至再加个2G也行，G就是一种另类的B。无边界本就是互联网的属性，没有基因是很lame的借口。 我一直在想，腾讯做第二个钉钉，与阿里做第二个微信，谁更难。当然有些人还有第二个困惑，为什么腾讯会既有企业微信，又有腾讯会议？有人说，这是腾讯用to C的赛马机制搞to B的在线办公，企业微信是张小龙的微信事业群，腾讯会议是汤道生的云与智慧产业事业群，打呗，谁打出来谁就去跟钉钉拼。于是一些人看到APP下载榜“1.钉钉2.企业微信3.腾讯会议”，就痛心疾首——2和3你们是一家人呐。 许多人以此为借口说腾讯没有弄清楚to B与to C的逻辑差别。问题是在疫情期间阿里也搞了一个阿里云会议，并没人批评阿里用赛马玩钉钉。腾讯会议本就是对企业微信补充，或者说是互相补充，产品矩阵永远要胜过单一产品。 小马哥喜欢《失控》，《失控》有一块内容是讨论一个大机器的内部，或者机器群落之间，应该以什么样的形式相处，应该采取什么样的方法去推进，最终目标是找到答案。失控本身就是去中心化的有机体自然生长的意思。其实这与哈耶克的思想也很接近，你过度控制的结果，就是生态崩塌。 最后我觉得你也不用过分追求To B或To C，别人说你没基因，你非要说我有我有我就有。能做成什么样的业务很多时候是市场赏口饭吃，哈耶克对于市场调节力量的敬畏就来于此，顺水推舟、水到渠成就对了。腾讯一直是产品型的企业，其to C最天然也最赚钱，而to B的基础设施，顺水推舟，一步步丰满。 当然敬畏市场、发挥所长经常会被人诟病为路径依赖；但我认为你有路径还不依赖，老想要头铁破圈，也不是脑回路正常的人的思维。你所依赖的路径或许就是你的竞争壁垒——换个思路想，护城河也可以理解为是一种路径依赖。 所以有人力、财力、技术、生态、用to C的赛马机制跑to B的业务，都没有必然的对错。至于基因论这种说法我觉得挺荒诞的，亚马逊一开始有to B基因吗，长出一个AWS来就有了。无论是to B/C/G，诞生不足一年的腾讯会议已经成为中国最多人使用的视频会议产品，深度服务于政务、金融、教育、医疗等行业和中小企业在线办公。沉迷于腾讯没有to B基因的人肯定搞不清楚为啥下面这件事会发生——在腾讯全球数字生态大会上，腾讯会议宣布完成了一个小目标，用户数超100,000,000；腾讯会议只用了245天，成为最快突破1亿用户的视频会议产品。 3.小结 以市值论成败，以市值论腾讯产业互联网to B的发展，都是不考虑实际情况的意淫，属于萌新萌语。 最后想再简单说几句微信。有人说微信之后再无惊艳，我认为这是对惊艳两个字期望过高。只要下面三个逻辑不怂，腾讯就值继续长期持有： a.微信的惊艳在于其0级流量入口的霸主地位，是一切移动端APP与SaaS的基建与底层；如果将微信称作惊艳，那全国就独此一家。 b.微信用户迁移成本极高，因此在移动互联网时代将有长期护城河。这个时代什么时候会结束，目前似乎没人知道答案。 c.投资腾讯的核心逻辑在微信，游戏常有，微信不常有；只要流量入口在，游戏就不会弱。 投资腾讯的基本盘好像很多年都一脉相承，而与小马哥所言的“没有一天不是如履薄冰”相反，持有腾讯从来就不曾困扰过我的睡眠。在一切质疑声中，无论是失控还是控制，腾讯总是在自我突破，满足多元需求。在TMT行业里，流量思维至今仍未过时；投腾讯或者跟着腾讯投，都是TMT投资一种靠谱的玩法。 利益披露：作者持有腾讯控股多头仓位。 作者：陈达美股投资链接：https://xueqiu.com/9598793634/159491951来源：雪球著作权归作者所有。商业转载请联系作者获得授权，非商业转载请注明出处。风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。

"What IF" Women's Empowerment Conference Another Family Gathering, LLC presents our first annual Stilettos on the Pavement's "What IF" Women's Empowerment Conference. This conference is a continuation of the successful quarterly networking experiences--scheduled for Saturday, August 1, 2015 from 9 a.m. until 3 p.m. at the Mississippi e-Center at Jackson State University, located at 1230 Raymond Road, Jackson, MS 39204. A percentage of the proceeds will be donated to Cure Sickle Cell Foundation in Jackson, Mississippi.  Tickets can be purchased here.The Founder, coined this conference “What IF” with the hopes of challenging the status quo that believes women can not work together. Our desire is to change this perception. This conference is designed to EMPOWER, motivate, support, and encourage women to become the women “they” aspire to be. Oleta Garrett Fitzgerald, Director of Children's Defense Fund's Southern Regional Office, is the keynote speaker. Our award recipient is L. Sherie Dean, CEO and Founder of The L. Sherie Alert.Additional speakers are:Mrs. Rosalind Yarber, First Lady of JacksonDr. Sharon Slater, Executive Vice President of Research and Development of Educational Services for HOPEState Representative Kimberly L. Campbell, Esq. Mississippi's House of Representatives District 72 T2Q is a proud sponsor of SOTP! Hosted on Acast. See acast.com/privacy for more information.