After finally disposing of $9888 (+2,17 %) with a 30% loss, I invested the money in a more promising share. Sometimes you have to admit your mistakes and look for new opportunities. 🚀 Have a nice sunny day!
MuMDE0006580806MUMMUM
$MUM (+1,62 %) half year earnings report out:
• Record half year and successful go-live
• Strongest first half year in the company's history.
• After successful go-live of a new ERP system, M+M is now ready to switch to the new Autodesk partner model as announced by mid September.
• Group sales amounted to EUR 175.97 mln (PY: 174.38 / +0.9%), with EUR 57.66 mln (PY: 54.58 / +5.6%) from M+M Software and EUR 118.31 mln (PY: 119.80 / -1.2%) from Digitization (previously VAR Business).
• Due to stronger M+M proprietary business, gross profit climbed disproportionately to the record amount of EUR 93.54 mln (PY: 88.06 / +6.2%), with EUR 52.34 mln (PY: 49.37 / +6.0%) from M+M Software and EUR 41.20 mln (PY: 38.69 / +6.5%) from Digitization.
• Half-year EBIT was also at a record level at EUR 27.98 mln (PY: 26.33 / +6.3%), with EUR 17.28 mln (PY: 16.21 / +6.6%) from Software and EUR 10.70 mln (PY: 10.12 / +5.8%) coming from Digitization.
• Net profit after minority shares grew by +9.5% to a new record EUR 17.95 mln (PY: 16.39) / 106 Cents (PY: 97) per share.
• Operating cash flow continues to soar and came in at EUR 31.39 mln (PY: 31.59) or 186 Cents (PY: 189) per share, only slightly below the previous year.
CFO Markus Pech and Chairman Adi Drotleff are sticking with the EPS target range of +10-20% to 189-206 Cents/share, as well as the dividend target of 185-195 Cent. For 2025 they continue to expect a stronger +12-25% EPS growth and are planning +25-35 Cents more in dividends. Over the two-year period 2024/25E, the average EPS target path thus remains at the +17% per year achieved in 2022/23.
Now let’s wait and see 🚀
Anyone else invested into $MUM (+1,62 %) , earnings report out tomorrow, what do we reckon?
Tenbagger SHARE TABLE!
Constructive discussion round.
Hello my dears,
Today's discussion is about the question.
To what extent do you look at which CEO is running the company when entering into an investment?
To what extent is it important to you whether the company founder is still on the management board or sits on the supervisory board?
To what extent is it important to you who holds shares in a company and whether the founder still has shares in the company?
As in the case of $CSU (+3,2 %) where the founder is still CEO.
Or where $MUM (+1,62 %) where the founder still has shares.
For the founder, the company is like a baby.
And many of the founder-led companies are very successful.
Many large stock corporations often went downhill later when the founder left.
Often CEOs came in who made the wrong decisions and were given a farewell bonus.
Metro was once the largest retailer in Europe. Bad managers made the company invisible.
It was the same with Karstadt/Quelle. Quelle could be the Amazon of Europe today, but the management overslept the Internet.
Look at Aldi and the Schwarz Group, where the founders are still involved. They are successful here.
Look at how Bayer destroyed a successful pharmaceutical company. Carl Duisberg would be turning in his grave.
Take a look at Medpace, a small pharmaceutical service provider where the founder is CEO, where corporate decisions are made very differently because the CEO built up the company.
Even in many of the big tech companies, the founder is still active or involved in the background
Apple, Meta, Microsoft, Amazon, what happens if the creative founders disappear completely?
Or would Tesla do even better without Elon 🙈?