Luxury

Magic Markets Ep181: The Real-World DD: EVs, Sephora, Topgolf and more

Magic Markets2024-06-26T22:47:22+02:00

Listen to the show here: Description: With The Finance Ghost having just returned from a trip to the UK, France and Dubai, the opportunity was clear to talk through some of the brands and business models that have been researched in Magic Markets Premium. It's one thing doing desktop research. It's another thing walking through a Sephora store or swinging a club at Topgolf. Mohammed Nalla lives in Canada so he's already had this experience for some time now, leading to an insightful discussion. And let's not forget EVs, which are always a bone of contention on Magic Markets. Having seen [...]

Magic Markets Ep181: The Real-World DD: EVs, Sephora, Topgolf and moreMagic Markets2024-06-26T22:47:22+02:00

Recap: Ferrari

Magic Markets2024-03-27T22:45:48+02:00

Sainz may be out of a job despite winning over the weekend for Ferrari, but shareholders in the group seem to have no such stress. The Ferrari share price has gone from strength to strength, with the market treating it as the best luxury stock on the planet. Just what is it that makes Ferrari so lucrative as a company? Join us as we recap this exciting stock that we first covered in September 2022.

Recap: FerrariMagic Markets2024-03-27T22:45:48+02:00

Magic Markets Ep157: Pandora and Swatch

Magic Markets2024-01-10T16:47:45+02:00

To kick off 2024, we take a look at two businesses that sit adjacent to each other in the speciality retail space. Pandora sells jewellery and Swatch sells watches at various price points. Swatch is more than just the colourful and playful watches that you know and possibly love. The group is a hybrid of affluent and luxury brands, like Omega. Of course, this creates a real risk of brand dilution in the luxury space as Swatch attempts to improve the competitiveness of its core affluent offering. At Pandora, there is no such confusion. The strategy is tight and the core product range of bracelets and accessories is still growing. So are the other lines like necklaces and earrings, contributing to a fantastic share price performance this year that looks completely different to what Swatch went through. Join us as we unpack some of the key events and metrics behind these stocks and our views on the outlook.

Magic Markets Ep157: Pandora and SwatchMagic Markets2024-01-10T16:47:45+02:00

Swatch: Time Moves Slowly

Magic Markets2023-07-19T22:29:21+02:00

Swatch has been on a charge this year, finally offering decent performance to long-suffering investors who have witnessed crushing underperformance vs. luxury stocks. Perhaps that comparison is the first problem, as there is far more to Swatch than just luxury brands.

Swatch: Time Moves SlowlyMagic Markets2023-07-19T22:29:21+02:00

Aston Martin: Burning Cash Faster than Fuel

Magic Markets2023-05-31T22:16:53+02:00

The only thing that is green about Aston Martin is the colour on the Formula One cars that are giving the brand a major boost at the moment. Share price action this year has been highly speculative, with tough financial results and a balance sheet that looks set to need more equity capital.

Aston Martin: Burning Cash Faster than FuelMagic Markets2023-05-31T22:16:53+02:00

Magic Markets Ep121: Buybacks, Banks and Big Spenders

Magic Markets2023-04-19T18:29:36+02:00

In Episode 121 of Magic Markets, we reflect on some of the recent insights uncovered in our research for Magic Markets Premium. These include how the poor use of share buybacks by US companies, the divergence in performance between national and regional banks in the US, why we look for optionality in a business model, how to view cylical companies in a portfolio and the recent popularity of the luxury sector, why investors are buying these companies and the risk of chasing the hype.

Magic Markets Ep121: Buybacks, Banks and Big SpendersMagic Markets2023-04-19T18:29:36+02:00

Ferrari: Passion, Science and Purosangue

Magic Markets2022-09-21T23:01:28+02:00

Use the podcast player below to listen to our discussion on Ferrari and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 22 September 2022) Passion meets science. Racing meets business. A disastrous racing strategy meets the best road cars in the world. It can only be Ferrari, an enigma at times and an iconic brand that has transcended motoring to become a luxury brand in its own right. Ferrari’s mantra is to deliver one car less than the market demands, choosing to drive scarcity rather than overall revenue. Is this commitment to the brand’s ethos its greatest [...]

Ferrari: Passion, Science and PurosangueMagic Markets2022-09-21T23:01:28+02:00

Farfetch: or Farfetched?

Magic Markets2022-08-31T23:39:24+02:00

Use the podcast player below to listen to our discussion on Farfetch and its Q2’22 result, which accompanies the detailed write-up below: (Date of report: 1 September 2022) For many, the closest they can get to the luxury goods industry is by being a shareholder rather than a consumer. We are talking about timepieces and handbags that cost more than a family hatchback! This $300 billion industry is known for high margins and a resilient client base that is almost immune to market cycles. As digital generations have grown up to become consumers of this industry, shopping habits are starting to [...]

Farfetch: or Farfetched?Magic Markets2022-08-31T23:39:24+02:00

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