Podcasts about viceroy research

For the last six months, Arbor Realty Trust has been the target of a prominent short seller, Viceroy Research, which claims that a huge chunk of its collateralized loan obligation, or CLO, portfolio is in trouble. Arbor, though it denies the short seller's numbers, said it is experiencing challenges and delinquencies are set to rise. And the company is not afraid to go after non-performing borrowers. Deconstruct sat down with Gabriel Bernarde, one of the individuals behind Viceroy, to chat about the reports, and then dug into Arbor's fourth-quarter earnings.

We interview Gabe Bernarde of Viceroy Research. The fraud hunting kings. We talk all things frauds, research, short selling strategies, and unexpected consequences of being a fraud hunter. Very interesting chat, learnt a lot. --- Send in a voice message: https://podcasters.spotify.com/pod/show/riskbiscuits/message

Digest this stark statistic: a Collateralized Loan (CLO) portfolio with over 300 loans is showing a weighted average debt service coverage ratio of just 0.63. It is basically a disaster and one that my guest today is shorting – heavily. Gabe Bernarde is co-founder of Viceroy Research and has written a report called “Slumlord Millionaires”, that covers a well-known bridge lender who has been doing a lot of lending to multifamily sponsors. The report reveals an entire portfolio of multifamily loans that appear to be underwater and that are wrapped up in CLOs. In theory, CLOs are bullet proof because the lender who owns/manages them can swap out poorly performing loans for better performing ones, protecting the integrity of the entire portfolio. It's a bit like having a fund with apartment buildings in it where the sponsor can swap out sub-performing assets for others to keep the funds' finances healthy. What Gabe's research concludes is that this structure is fine until all the loans in a portfolio, or a substantial majority of them, are bad. Then you have nothing good to replace the bad. I've been researching CLOs ever since I spoke to James Eng of Old Capital for the podcast a few weeks ago. He reported having brokered $2 billion and told me 90% were underwater. Then I spoke to Dan McNamara at Polpo Capital, who is famous for having successfully shorted malls in 2020 who also thought that some CLOs were in dire straits and ripe for shorting. Look, there are multiple ways to make money in a real estate downturn. You can buy discounted assets from sponsors who are forced to sell or buy non-performing loans or REO from banks. You can provide rescue capital or set up a debt fund. Or you can short the stock of real estate companies you think are overvalued and that is exactly what my guest today, Gabe Bernarde at Viceroy Research, is doing. Learn what he is doing, how he's doing it, what he sees, why he thinks there is a very significant likelihood that multifamily real estate assets are going to hit rock bottom in the next few months, and discover his angle to making money in this market. **** In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in. You'll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype. You'll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn. Subscribe to our free newsletter here. 

Dagens gäst är Fraser Perring från Viceroy, kanske mest känd för deras blankning i SBB och flera andra svenska bolag. Avsnittet är på engelska, och förutom historien kring SBB så går vi även igenom Viceroys tunga blankningar i Hexagon, Hexatronic, och Truecaller. Som alltid så ska du göra din egen research och ta dina egna beslut när du investerar. Häng med i flödet på: 👉 TikTok - https://www.tiktok.com/@nordnet.sverige 👉 Instagram - https://www.instagram.com/nordnet/ 👉 Twitter - https://twitter.com/NordnetSE 👉 Facebook - https://www.facebook.com/nordnetsverige/ 👉 Ara Mustafa - https://twitter.com/NordnetAra Disclaimer: Finansiella instrument kan både öka och minska i värde. Det finns en risk att du inte får tillbaka de pengar du investerar.

Nejlepší je poučit se z chyb, které udělali jiní. V horším případě aspoň z těch vlastních. To platí v byznysu i investicích. V aktuální epizodě podcastu Ve vatě sdílí šest svých investičních či byznysových přešlapů zkušený investor a exšéf Raiffeisenbank Lubor Žalman. „Je důležité si říct, proč se chyba stala a co příště udělám jinak. Jinak je to promarněná příležitost,“ říká. Co se tedy v byznysové kariéře nepovedlo partnerovi v dluhopisovém fondu Encor Wealth Management a jaké poučení si z chyb vzal?1. Nikdy nejdi proti centrálním bankámPandemie vyškolila řadu investorů. „Každý si myslel, že přišel konec světa. V Číně byl zákaz vycházení, mezinárodní doprava kolabovala, jeden kontejner mezi Čínou a Evropou stál desetkrát tolik co dřív. I já jsem čekal menší ‚armagedonek‘.“A skutečně, akciové trhy začaly prudce padat. Ovšem už po dvou měsících se otočily nahoru. „Začal jsem spekulovat na pokles akcií, jenže ty šly do nebe. A já jsem na tom prodělal částku, která pro mě byla podstatná,“ vypráví Lubor Žalman.Od té doby nedá dopustit na zlaté pravidlo. „Nikdy na trhu nejdi proti centrálním bankám. Do roku 2008 byl jejich úkol hlídat inflaci, teď pod tlakem vlád zachovávat hospodářskou stabilitu. V covidové panice začaly pumpovat do ekonomiky peníze stejně jako v roce 2008,“ říká Žalman.Tenhle trend bude podle něj pokračovat i dál. A podle investora to není dobrá zpráva. „V dlouhodobém horizontu je potřeba vyndat tzv. zombie firmy z ekonomiky. Peníze mají mít svou cenu. Úvěr není něco, co má dostat každý a zadarmo. Pravděpodobnost, že by vlády sáhly k bolestivým opatřením a dopustily recesi, ale klesá,“ míní Žalman.2. Mějte v investicích pořádekWirecard byla německá finanční společnost, která platila za budoucí hvězdu evropského fintechového trhu. Jenže pak se ukázalo, že jí na účtu chybějí dvě miliardy eur. I na takových firmách vydělávají tzv. shortaři.„Hledají společnosti, které jsou masivně přeceněné. Firmu najdou, zanalyzují a otevřou si krátkou pozici. Když jde cena její akcie dolů, vydělají. A pak to oznámí to světu. Shortaři z Viceroy Research takhle třeba upozornili na jihoafrickou firmu, která chtěla být kopií IKEA. Přitom se sypala jako domeček z karet,“ vysvětluje Žalman.I Žalman takové firmy občas vyhledává a snaží se na jejich poklesu vydělat. „I morálně je to správně, plevel by se měl z trhu odstraňovat,“ myslí si. Na Wirecard mohl vydělat jmění, ale udělal chybu. Dokonce dvě.„Otevřel jsem si krátkou pozici, asi o týden později jsem na tom pár eur vydělal, a protože jsem ty peníze potřeboval, pozici jsem zavřel a na Wirecard úplně zapomněl. Když jsem o rok později dělal daňové přiznání, byl už Wirecard na prvních stranách ekonomických novin,“ vzpomíná.3. Pozor na monopolPoučná byla pro Žalmana taky investiční zkušenost se startupem na výrobu kyčelních kloubů. „Byl tam světový oligopol tří firem, měly 90 procent trhu, jenže jim končily patenty. Takže bylo možné ty klouby začít replikovat. Mysleli jsme, že ten oligopol rozbijeme,“ vypráví Žalman.Svůj první produkt uvedli na trhu ve Velké Británii a vypadalo to slibně. „Když jsme ale potřebovali schválit druhý produkt, začalo se to táhnout. Zjistili jsme, že jeden z těch oligopolistů sponzoroval knihu předsedovi komise, která měla o povolení rozhodovat,“ vzpomíná hořce Žalman.Do cizích startupů od té doby Žalman neinvestuje. „Když chce člověk jít do startupu, měl by mít celé startupové portfolio. Pak je větší šance, že objeví nějakou ‚garážovou‘ hvězdu,“ naráží investor na slavný příběh zakladatele Applu.Poslechněte si celý podcast. Ve vatě. Podcast novinářky Markéty Bidrmanové. Poslechněte si konkrétní rady investorů a odborníků na téma investic, inflace, úvěrů a hypoték. Finanční „kápézetka“ pro všechny, kterým nejsou peníze ukradené. Vychází každý čtvrtek. Poslouchejte na Seznam Zprávách, Podcasty.cz nebo ve všech podcastových aplikacích. V podcastu vysvětlujeme základní finanční pojmy a principy, nejde ale o investiční poradenství. O čem byste chtěli poslouchat příště? Co máme zlepšit? A co naopak určitě neměnit? Vaše připomínky, tipy i výtky uvítáme na adrese audio@sz.cz.

Die GRENKE Aktie ist eine der spannendsten Börsenstories, die wir auf dem Kanal bereits öfter begleitet haben. Nach einer Shortseller-Attacke von Viceroy Research stürzte der Aktienkurs ab und hat sich trotz weitgehender Entkräftung der Vorwürfe bis heute nicht erholen können. Warum nun Bewegung in den Kurs kommen könnte, erklärt CEO Dr. Sebastian Hirsch. ⌚ Timestamps: (0:00) Intro (2:10) -- Beginn der Präsentation -- (2:36) Wussten Sie schon? (6:25) Über GRENKE (8:28) Mehr E-Bikes - weniger IT-Produkte (10:57) Sechs Schritte zum Erfolg (14:18) Starke Position in Europa (15:59) Viel Potenzial in zukünftigen Kernmärkten (19:30) Viel Potenzial für Leasing (22:17) GJ 2022 Highlights (24:05) Entwicklung Leasingneugeschäft (28:07) Kennzahlen der GUV 2022 (29:14) Digital Excellence (32:36) Finanzierungsmix (35:16) Guidance & Ausblick (39:00) -- Beginn der Q&A-Session -- (39:33) Was ist eine hybride Cloud? (40:54) Was hat es mit dem Ziel der Erhöhung der Frauenquote in Führungspositionen auf sich? (41:57) Wo findet sich die Präsentation? (42:09) Was schützt GRENKE vor Buy Now Pay Later-Konkurrenz? (43:45) Wie ist der Vertrieb bei E-Bikes organisiert? (45:47) Wie viele Unternehmen nutzen GRENKE für E-Bike-Leasing? (46:44) Macht GRENKE in den USA noch Verlust? (48:05) Könnte man den Anteil der ABS-Programme ausbauen? (49:14) Wann könnte sich der Aktienkurs erholen? (50:45) Welche Konsequenzen wurden aus der Shortseller-Attacke gezogen? (52:43) Tragen die Kundeneinlagen bei der GRENKE Bank zur Fristenkongruenz bei? (54:10) Sind die Rahmenverträge händlerübergreifend? (55:14) Wurden zuletzt auch Factoring-Unternehmen erworben? (55:54) Wie steht es um die Profitabilität beim Factoring? (57:08) Sollte man die SdK an der HV abstimmen lassen? (58:20) Wie viele (externe) Mitarbeiter hat GRENKE? (1:00:20) Wie geht GRENKE als Daueremittent mit Anleihen um? (1:03:33) Wie ist die Wettbewerbssituation in den USA? (1:06:03) Welche potenziellen neuen Leasing-Objekte gibt es? (1:06:49) Schlussworte

Truecaller, a caller and spam detection app from Sweden has now been accused of tax fraud and breach of data privacy norms by activist short seller Viceroy Research. Its stock is down from its IPO price; the business model is under serious existential threat. What are the true colours of this Sequoia-backed company? Host Arijit Barman speaks to Fraser Perring, founder of Viceroy to understand what's going on?You can follow our host Arijit Barman on his social media:Twitter - https://twitter.com/arijitbarman76Linkedin - https://www.linkedin.com/in/arijit-barman-7233a129/ Catch the latest episode of ‘The Morning Brief' on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.See omnystudio.com/listener for privacy information.

Placeras Karl Lans intervjuar blankaren Fraser Perring från Viceroy Research om hans bästa råd för att bli en framgångsrik kortsäljare och en långsiktig investerare. I Sverige har Perring blivit uppmärksammad för sina baissespekulationer i SBB och nu senast Truecaller.

A big name is our guest today: the notorious short-seller Fraser Perring from Viceroy Research, who was already right about Wirecard, is here to share his positions on the Adler Group in line with current events. He goes into the network, entanglements and the many deals around the company and reacts to the new KPMG report. --- Eine große Bekanntheit ist heute zu Gast: Der berühmt-berüchtigte Shortseller Fraser Perring von Viceroy Research, der bereits bei Wirecard richtig lag, ist da, um passend zu den aktuellen Ereignissen, seine Positionen rund um die Adler Group zu teilen. Er geht auf das Netzwerk, die Verstrickungen und die vielen Deals rund um die Firma ein und reagiert auf den neuen KPMG-Report.   ⌚ Timestamps: (0:00) Intro (1:48) Wie sind Sie auf Adler gestoßen? / How did you get to know Adler? (3:20) Was sind die Eindrücke vom neuen KPMG-Bericht? What are your observations from the new KPMG report? (7:38) Welche Verbindungen hat Hr. Dr. Kirsten? / What are the connections from Dr. Kirsten? (11:55) Was hat es mit KPMGs Carte Blanche auf sich? / What's up with KPMG's carte blanche? (13:43) Die Deals der verbundenen Parteien / The deals of the related parties (16:12) Die Rolle von Hr. Carner / The role of Mr. Carner (18:08) Success Fees (22:25) Sind Bilanz-Korrekturen notwendig? / Are balance sheet corrections required? (26:33) Kommt ein schriftlicher Report dazu? / Is a written report about the claims upcoming? (27:38) Die Rolle der BaFin / The role of BaFin (29:40) Was wird nun passieren? / What will happen next?  

I detta avsnitt får vi en uppdatering av SBB:s VD och grundare Ilija Batljan. Det är nu ett år sedan han gästade sist och aktien har sedan dess seglat upp till att bli den näst mest ägda aktien hos Avanza. Istället för enkom en vanlig uppdatering som var tanken när avsnittet bokades så landar mycket fokus på den blankarrapport som släppts från Viceroy Research. Punkterna är många och kritiken hård, något som det skrivits mycket om i media. I detta avsnitt får Ilija berätta sin syn på det hela. Dessutom får vi lära oss mer om hur bolaget tjänar pengar, hur de skapar långsiktiga värden, hur de kommer nå sitt mål om fastightesbestånd på 300 miljarder kronor 2026, om det är troligt att vi får välkomna in bolaget i OMXS30 och mycket mycket mer. Viceroy Research rapport https://viceroyresearch.org/wp-content/uploads/2022/02/Viceroy-Research-SBB-21-Feb-2022-1.pdf SBB:s gensvar på rapporten https://corporate.sbbnorden.se/sv/uppdatering-avseende-viceroy-rapporten-om-samhallsbyggnadsbolaget-i-norden-ab-publ/ Jag har inga stamaktier i SBB ska tilläggas. Delikat lyssning på er, Nicklas

Kieran Poole, Jason Booth, and Rebecca Sherratt discuss the November issues of Activist Insight Monthly and Proxy Monthly.  Activist Insight Monthly explores the use of SPACs by activists to make acquisitions, as well as them becoming targets for activists - both long and short. Plus, we profile Kimmeridge Energy, explore Blackwell Capital's campaign at Monmouth Real Estate Investment, Viceroy Research shorting German real estate Adler Group, and why, with activist interest in the insurance sector picking up, conglomerate Alleghany appears increasingly vulnerable to activism.  Proxy Monthly sees investors debate whether Scope 3 emissions reporting should form part of mandatory climate-related disclosure, and we hear from Invesco about the growing pressure on boards to feature sufficient diversity.  Remember to get your free copy of the Proxy Voting Annual Review 2021 which provides a definitive summary of trends in institutional investor stewardship.  View all of the products offered by Insightia by visiting our website and follow us on Twitter and LinkedIn.

Kieran Poole, Jason Booth, and Rebecca Sherratt discuss the September issues of Activist Insight Monthly and Proxy Monthly. Activist Insight Monthly explores how widening valuation discounts have made the U.K. market attractive, AB Value's board fight at Rocky Mountain Chocolate Factory, a profile of Ancora Advisors, BNY Mellon's vulnerability to activism, and Viceroy Research shorting Reconnaissance Energy Africa. Proxy Monthly will explore how European investors are using their newfound voting power to call out companies for providing hefty payouts to CEOs that fail to align with shareholder experiences. Plus, an interview with AllianceBernstein on their record-breaking 2021 proxy season.  Note that, ahead of the release of the Proxy Voting Annual Review next month, you can now download our debut Proxy Voting Season Snapshot 2021 which incorporates recent voting disclosures into an overview of 2021 proxy season trends. It is free for everybody.  View all of the products offered by Insightia by visiting our website and follow us on Twitter and LinkedIn.

FNB's Wayne McCurrie talks Momentum results and unpacks the R50m FSCA fine for Viceroy Research. Bowler Metcalf CEO Friedel Sass chats results as packaging has its best year. Satrix's Kingsley Williams takes a look at infrastructure as an asset class.

The Financial Sector Conduct Authority (FSCA)'s commissioner, Unathi Kamlana explains how they'll implement the R50 million fine on Viceroy Research and its partners for publishing false and misleading statements about Capitec Bank. Siobhan Redford, economist at RMB discusses SA's weak Business Confidence. And Dr. Chris Leatt, founder and Chair of Leatt Corp talks to Bruce Whitfield about his medical profession and his interest in motorbikes  See omnystudio.com/listener for privacy information.

Kieran Poole and Josh Black discuss our two latest special reports: Proxy Fights 2020 sponsored by Morrow Sodali, Reevemark, and Vinson & Elkins, and Shareholder Activism Insight 2020, in partnership with Schulte Roth & Zabel and Okapi Partners.  Plus, Jason Booth discusses the November issue of Activist Insight Monthly which looks at activism in Japan, Effissimo Capital, Senator Investment Group's campaign at CoreLogic, Viceroy Research on Grenke, and how the Securities and Exchange Commission's proposal to raise the 13F disclosures threshold to $3.5 billion has unleashed a deluge of complaints.  View all of the products offered by Insightia by visiting our website. 

Fraser Perring and Viceroy Research weren't well known in South Africa until they gained credit for identifying the accounting scandal at Steinhoff in 2017. The firm are short sellers, meaning that they seek to take advantage of falling share prices. They made big money short selling Steinhoff and a little while later published a scathing report on the way Capitec accounts for bad debts, sending that company's shares lower by 35% in early 2018. Most recently, Viceroy has been short in the shares of Wirecard, the German payment processing business that recently filed for bankruptcy and saw it's CEO arrested on fraud charges. Fraser Perring's approach to the market is vastly different from others interviewed in this series. In his own words, he says that what he does is “insane”. Indeed, but also very profitable. #Trading #FraserPerring #ShortSelling #Steinhoff #Wirecard

Viceroy Research analyst Gabe Bernarde joins Owen Raszkiewicz for an episode of The Australian Investors Podcast to talk about their short reports, how they find companies, Steinhoff International, MiMedx and more. Take Owen's investing valuation course (FREE): https://www.rask.com.au/sign-up-investor SHOW NOTES: https://www.rask.com.au/podcasts/australian-investor-podcast/ This podcast contains factual/general information only. It is NOT financial advice of any kind. That means the information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you're confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser or financial adviser.

with Fraser Perring: Viceroy Research was an unknown entity until the Steinhoff scandal broke. Much has been written, much as been said about this small team of short-sellers of stocks. Here is the best explanation you'll hear of this enigmatic band of chaps just trying to make a living, honestly. I think. Viceroy Research

Business leadership South Africa has dismissed claims by Viceroy Research that a damning report by Intellidex into short-selling in South Africa, was sponsored by a third party. Short selling is defined as the sale of an asset in the belief that the asset's price will decline. This enables it to be bought back at a lower price to make a profit. Viceroy has over the past year published negative reports on prominent South African companies, including Steinhoff and Capitec bank. BLSA CEO, Bonang Mohale says this is not an anti-short selling research project.

Capitec CEO Gerrie Fourie has accused Viceroy Research Group of beng driven by profit motives in what the bank calls a one-sided and factually incorrect report. Viceroy released a report yesterday labelling Capitec a loan shark that must be placed under curatorship. Fourie has questioned the motive and timing of the Viceroy report. Capitec Bank has about nine milion active clients. Thandiswa Mawu reports ...

Die hoof-ekonoom van die Efficient groep, Dawie Roodt, reageer op die beskuldigings wat teen Capitec Bank gemaak word in 'n verslag van die maatskappy Viceroy Research. Roodt het met Heindrich Wyngaard gepraat.

Die hoof-ekonoom van die Efficient groep, Dawie Roodt, reageer op die beskuldigings wat teen Capitec Bank gemaak word in 'n verslag van die maatskappy Viceroy Research. Roodt het met Heindrich Wyngaard gepraat.

Die hoof-ekonoom van die Efficient groep, Dawie Roodt, reageer op die beskuldigings wat teen Capitec Bank gemaak word in 'n verslag van die maatskappy Viceroy Research. Roodt het met Heindrich Wyngaard gepraat.

Capitec Bank says it was made aware of the allegations by Viceroy Research Group against the bank. This morning, Viceroy released a report where is stated that Capitec Bank is a loan shark masquerading as a microfinance provider. However, the South African Reserve Bank (SARB) says according to the information available to them Capitec is solvent, well capitalised and has adequate liquidity. Tsepiso Makwetla spoke to Chief Economist at Pan African Investment and Research Sciences, Dr Iraj Abedian..But first, In an exclusive Interview with Bloomberg Founder of Viceroy Research, Fraser Perring says there's a regulatory loophole in the South African banking sector...

Simon Shares Twitter poll for tonight's JSE Power Hour presentation ~ What's your expectation for the Top40 in 2018? Time for my annual poll .. What's your expectation for the Top40 in 2018 ?#JSE — Simon Brown (@SimonPB) December 4, 2017   Steinhoff, where there's smoke Markus Jooste has also quit Stenihoff (JSE code: SNH), Star (JSE code: SRR), PSG (JSE code: PSG) and Phumelela Gaming (JSE code: PHM) boards. Steinhoff CFO and Star CEO Ben la Grange has quit as CEO of Star, but seemingly stays on at Steinhoff, for now. It's an oldie but it always true. Where there's smoke theirs fire and locally that is Steinhoff. Forever people have been in one of two camps on this stock. They either loved it or didn't understand the financials and stayed well away. I have always been in the latter camp and recently the warnings have gotten dire and now the CEO is out, results delayed and an investigation by PwC to try and understand exactly what's happen. Now hindsight is easy, but there has been a lot of smoke around Steinhoff for ages, enough to scare away any investor one would think. I warned as recently as a month ago about this. For traders the lesson is simple. Don't try and catch falling knives. Sure sometimes it works but when it doesn't you blow up. Wiese took some R122million SSF exposure in early November at 6146c. This is why we largely ignore director buying. The company did a share buy back also in early November for about R4,8billion, now worth R1.2billion. Also a lot of hating on ETFs as Steinhoff was 2.35% of the Swix (which is a truly horrid index) and 1.88% of the Top40. Frankly active fun damagers who liked the company probably had a lot more. The 7th largest stock in the South African SWIX index is currently down 61% amidst accounting irregularities and resignation of the CEO. pic.twitter.com/NEqwrsBGwo — Delphine Govender (@Delphine_DG) December 6, 2017   Of course everybody now wants to know if it is time to buy? The answer is no because we simple know nothing except that what we thought we knew is not true. Never blindly buy something where everything is simple unknown. Some saying they have 2500c odd value in Star, PSG & Kap, but then they also have debt that is likely about the same. Viceroy Research has published their report in Steinhoff and it makes for scary reading. Lastly, what to do if you hold Steinhoff? Sell. The 'it can't get worse' trope is a lie. It can get worse, it can go to zero.