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Disney: Proxy Wars

2024-04-10T10:46:52+02:00

Despite boasting 17 consecutive years of dividend increases, Emera has been an underperformer on the market relative to a peer like Next Era Energy, which we recently covered here on Magic Markets Premium. As we continue to operate in an environment of higher rates and a focus on yields, does Emera offer compelling value, or is this more likely to be a value trap?

Disney: Proxy Wars2024-04-10T10:46:52+02:00

Alphabet: Not So Magnificent

2024-02-08T00:22:27+02:00

In 2023, Alphabet’s advertising revenue was over $100 billion higher than in 2019. In big tech, the numbers are, well, rather big. There was a time in this world when Google seemed to have an unassailable position as the go-to search engine. It’s not every day that a brand becomes a verb! Yet here we are, looking at Artificial Intelligence and virtual reality and other disruptors to the Google kingdom. Has Alphabet done enough across its businesses to still be interesting?

Alphabet: Not So Magnificent2024-02-08T00:22:27+02:00

Magic Markets Ep153: MultiChoice and Comcast

2023-11-30T08:05:00+02:00

Welcome to Magic Markets Episode 153, brought to you by B2IT. In this episode, we're dipping our toes into the dynamic world of media and streaming as we discuss Comcast and MultiChoice. In this show we unpack multiple ways one can invest in MultiChoice, Comcast's innovative approach at its Peacock streaming service, MultiChoice's subscriber growth in the face of challenges like load shedding, and the strategic partnership unfolding between Comcast and MultiChoice. We also compare to other media giants like Netflix, Disney and Warner Media. It's a jam-packed show. Give it a listen.

Magic Markets Ep153: MultiChoice and Comcast2023-11-30T08:05:00+02:00

Magic Markets Ep148: Tesla and Netflix

2023-10-25T18:46:41+02:00

Welcome to episode 148 of Magic Markets. This week, we cast our eyes beyond our local borders to bring you insights from two heavy hitters in the international market: Netflix and Tesla. These household names are making major moves and stirring up emotions as a result, with Tesla hyping up the Cybertruck while Netflix is all about strong subscriber growth and ad-supported tiers. Beyond these points, we also discussed a whole lot more. Is Ghost still a Tesla bear and can Moe be tempted back into Netflix after taking profits? Tune in to the podcast to find out!

Magic Markets Ep148: Tesla and Netflix2023-10-25T18:46:41+02:00

Spotify: Streaming on the Bleeding Edge

2023-03-22T21:27:46+02:00

Spotify has 500 million monthly active users, yet the business model economics are far from proven. It doesn't help to grow users without any regard for profitability, or all that is happening is that the losses are getting bigger! In our research, we delve into both the strategic drivers and the key trends in ARPU and gross margin to arrive at our conclusion. Spoiler alert: we are bearish.

Spotify: Streaming on the Bleeding Edge2023-03-22T21:27:46+02:00

Comcast: The Peacock’s True Colours

2023-03-09T00:24:51+02:00

Use the podcast player below to listen to our discussion on Comcast and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 9 March 2023) Comcast is a bit like the love child of AT&T and Disney, with a traditional cable broadband business making most of the money that funds the management team’s adventures in the media industry. Reading back into the history of Universal Film and NBC shows just how significantly media has changed in the last few years, as for decades it was all about the initial growth of TV and radio. Steeped in history, Comcast’s [...]

Comcast: The Peacock’s True Colours2023-03-09T00:24:51+02:00

Warner Music Group: Let the Music Play

2022-12-08T01:05:17+02:00

Use the podcast player below to listen to our discussion on Warner Music Group and its Q4'22 result, which accompanies the detailed write-up below: (Date of report: 8 December 2022) There’s not much that Beethoven, Madonna, Ed Sheeran, Coldplay and David Guetta have in common, other than a shared commercial relationship through Warner Music Group. The company calls itself an expert in the art of amplification, taking artists from small gigs to filled stadiums and top videos on YouTube. With a 200-year history and 1.4 million copyrights, Warner Music Group has a rich history. Returns since the IPO date have disappointed, [...]

Warner Music Group: Let the Music Play2022-12-08T01:05:17+02:00

Netflix: The Sequel

2022-10-26T23:53:41+02:00

Use the podcast player below to listen to our discussion on Netflix and its Q3’22 result, which accompanies the detailed write-up below: (Date of report: 27 October 2022) When we recap stocks we’ve previously covered, we usually recap at least two companies in one show. Netflix is an exception, as the model is changing and Netflix is exhibiting the characteristics of a startup. Coupled with exciting recent price action, we felt that there’s been enough interest in this company and movement in the underlying thesis to warrant another standalone podcast and report. Welcome to Netflix: The Sequel! In January, Netflix was [...]

Netflix: The Sequel2022-10-26T23:53:41+02:00

Recap: Disney and Netflix

2022-08-24T22:54:06+02:00

Use the podcast player below to listen to our recap on Disney and Netflix, which accompanies the detailed write-up below: (Date of report: 24 August 2022) Recap shows are important in Magic Markets Premium. We strongly believe in a feedback loop and assessing our views and expectations against what actually happened. We always give it a few months after our work for a clear trend to establish itself. In this show, we recap Netflix for the first time and Disney for the second time. We just couldn't resist the recent share price action in Disney. Comparing the Netflix narrative with Disney [...]

Recap: Disney and Netflix2022-08-24T22:54:06+02:00

PREMIUM: Netflix – a media company

2022-06-21T19:24:17+02:00

Use the podcast player below to listen to our discussion on Netflix and its Q4’21 result, which accompanies the detailed write-up below: (Date of report: 26 January 2022) It's not every day that one of the most popular companies in the world sheds a quarter of its market cap in a single day. Toddler Ghost may be a huge fan of CocoMelon, but even that wasn't enough to save the share price. Did anyone see it coming? Well, we've flagged the free cash flow risks before, so the short answer is yes. Moe got in nice and early and has still [...]

PREMIUM: Netflix – a media company2022-06-21T19:24:17+02:00
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