Avsnitt 590 - Äntligen ett bud

0:00Just what is it that you want to do? We want to be free. We want to be free to do what we want to do. And we want to get loaded. And we want to have a good time. And that's what we're going to do. We're going to have a good time. We're going to have a party.

0:28I'm out of here.

0:45and Frodasipolan. Yeah, but it's a little djungelinspelning here. It can happen what else. Your inspelning feels like. You were there. You were a VM-mastare. Was it full fest there, or? Yeah, it had been a little a little bit of a VM-final. I have a little daughter, so we got to choose a little bit of a It was a pretty much a a little bit of a VM-final. But it was a good game. Yeah, it was. Matchen was not a lot of action. It was probably your first match. No, it was it not. We will talk about the football team. We will talk about the reports. We have got a report. We will talk about the SEC, Megadel.

1:27You had a budget for your business. Yes, it was it I will talk about. It was actually a little bit. But I have had it a while. So it has still been very good. but this company will be bought by a big company with their own company so then it will always be a little more then we've had half-filed death today we've talked a little bit about Iran and then a little oil and Venezuela so we'll go on all of it we have with us Robomarkets markets. And you go and ladd are for the season in the USA. The one has not really been on. It was Netflix that came in which didn't rosered the market. What do you look at from outside?

2:22It's just Magnificent Seven that's still so it's going to be very exciting how hyperscalers and especially CapEx budgeted and how the market takes to to be for example the CapEx if they had to gasa even more. For it's a bit of a theme in the market now. Yes, exactly. It's really AI and SpaceX. Those companies can really help handle through their own value in dollars on the ISK. It can also go short. SpaceX has come from 170 to 119. So it's been a good place to handle it via Robomarkets. Precis, och sen vill vi även slå ett slag för deras lilla podcast som heter 4 minuter till Wall Street som kommer strax innan USA -öppning varje dag.

3:17En recap om vilka nyheter som har kommit, hur marknaden ser ut, vad man kan kika och spana efter så man får en bra sammanfattning inför USA -öppning. Ja, det är alltid många på sommaren som frågar hur går det på börsen? Då kan man bara lyssna in där och briljera lite på polarna på stranden när man låter lite påläst. Precis And if you have any questions or have any questions Just to hear from Max and Simon On Stockholmskontoret So you're super-nab and good supporter Stor thank But come remember Investing in your risk And it's not sure that you'll get back Your investerable capital

3:57If we start with the report If we talk about iGaming We had Evolution That was down The price was pretty strong on the morning, it was pretty good and it was around 700. Today it's 690. It's not often that the people come in and they're surprised. The price was flat. It's fascinating how they really have become this tobacco company. It's a huge return to the market, but from being a mega market market, it's been a huge deal. It's a huge deal. They're not really talking about the stream, that people are copying their streams, which it might be. And all the regering in, for example, Europe. It's still like, now it's still the one that's right, it's the one that's been a lot, but at five years' time it feels like the market for live casino and all that more goes from offline to online but it doesn't really see Evolutions Citro and it's a little bit of this when you become a big company that it's much more difficult to grow I think it's a little more it's hard to get the same deals with the big Alltså att få Exklusivitetsavtal och få samma Priser för det som man har Fått innan Faktiskt Jag vet att man inte brukar Man brukar tala om Evolution som att de har en monopolställning Jag tror inte riktigt så är fallet Eller i alla fall inte Det finns ju alternativ Så jag tror att Dealsen man gör Och sånt, alltså prislapparna blir inte lika stora längre Nej, och jag hade ju den här Jag har ett litet innehav kvar It broke out a little when it happened badly couldn't.

5:58But otherwise it was a bit seemsed out as I thought now it wasn't really car on п improvements I wasn't really in front of the screen but that had been trained for when they came back from 650 and then it mattered to 710 but I mean it feels like thisII return with it that ituI Ahhh I'm talking about pretty well and I'm talking about��요 two to three months now so this year you don't have side you'll never come back but you're still saying come together with I'm interacting with his 100 million forget Yes, and I know Evolution a bit about that. It looks pretty cheap. It's not acknowledged as a Peròammenira as a美元.

6:37That's just the Tobaccoon country I wish once in an order it would really do. So interest and attention someone Wr revision of that space d dlp which makes it interesting. The reason why Tobaccoon company didn't think was interesting to try even investigación. and how you get paid for it is that you get the cash out of the purchase or the purchase Yes, exactly It's not so much to say there, they took back this Galaxy They took a settlement in the UK Yes, exactly, it was much less than what they thought and they took the license and then they had the more of the purchase of Galaxy Gaming which has gone in store It has been a problem with legal problems for it to get through this and I think it's not really that it has developed as they had imagined so they took an easy way out when it had gone two years and they didn't have taken over all the time so they ended up and paid 5 million dollars in a termination fee instead of a breakup fee but I think they had 80 or 90 million dollars and that they could have to put on a purchase so it's perfect, you can't get a purchase you can't get a purchase, you can't get a purchase you can't get a purchase Today we had Haxo, the one was on the pinpoint-tjänst.

7:55It's most estimated. It's an indication that many are long-term. Aktien has gone 10 % on a month inför this and now it's down 6%. So it's been a bit of a strike before. If you look at the siffror on a year, it looks fantastic. If you look at the last quarter, Q1, it's almost flat. They might have been drabbed a bit of football, that they have been able to get to the bett instead of the slot around. But CB is up to next quarter. But they have a lot of right. And now it's just a question if they come in with Evolutions, that it's difficult. I think they have a 30 % per year. And that's very high.

8:44and then we'll see if they can hold it. The first report was really good. This was good, but they were still all along and it was in line. It always comes a little bit of a place. I look at the holdings, it's not really anyone who has reacted. So the store owner thinks that they're doing a little to a purchase. They're doing it on 4 kronor. Aktien handlar ju 75 Så det är högre direkt avkastning Så ja Jag äger inte Man är väl mer Kanske köpsugen här när den kommer ner 6 % På att alla har liksom köpt inför någon rapport Och inte riktigt fattat Vad de äger Men Jag får ändå liksom Man får ju förstå att det är lite såhär stökigt Att iGaming borde vara lite mer populär Vi har Kambis rapport på torsdag Får vi se vad de or at the end of the end of the day, levererar.

9:43Have you looked at any rapports or should I continue my balling? No, but I've never seen a little on rapports. I think it's not something that I've been like. Rørelser are just a little typical summer-burser. I've been a lot of in many rapports. Alltså, sämre likviditet. It comes a little fløden. Aktien går mer än normalt. Rørpåse mer än normalt. It's just what I've seen. I can take what happened in my portfolio I'm going to go to Personalis Medtech-compancy They're testing Cancer-testing They got a bud on thempels That's a very good company Tempus is a biotech-compancy That's a big company They've done a big library They've got AI-compancy and so on.

10:38And Personalis has had a partnership with them and worked with them before. And now Tempus has been 16 ,25 to pay with their own and Personalis went down and it's because Tempus has gone down under the period where you can see what the course will be the last 30 days at Yvop. I look at I'm going to keep my and get long Tempus plus Personalis. I think that it's interesting I've been selling it on around 6 dollars So it's in 13 dollars It's a classic I've been doing it When they came in on 30 So it went down to 5 And then it went up to 50 And then it came back In Corona and then it went down to 1 dollar And then you've found this a few years later and then it's like 6 and then it's like 15.

11:37You can't take off the course of the US and you can go from 50 to 1 and then it's like 15. It's a good volatility. How you pay for a company that has a interesting niche but not a price-driven, then it's just a step up finger. It's been a long way for personalism but what they do is... They have a blood-proof that's called Next Personal. and I can go in on what they do, it's a little interesting. They let after a lot of cancer in the blood after the patient has been treated. It's called MRD testing. The reason why the technique is especially in personal cases, is that the most common blood test let's after circa 1600-500 cancer-gener and next personal card will first patientens own tumor with so like here the one goes through genomic I sekvenserum genomic on the tumor and scudacy then a test that just is for just the genomic so the one spares up to 1800 unica mutation for just the patient Summa summarum, it does test 100-1000 times more than the concurrent.

13:05And it can be a cancer fragment among a million frisks DNA-bitar. So in practice it is that the fall is about 161 days earlier than when you see it on a röntgen. or so and it says itself that it's very important that the more you can find a better fall and treat the better so we have tried to sell in this that it will be a standard test in the US and then they have got personalised with very high cost especially for the year So if you look at the report, it looked like it went to hell. But what personal did it do was that they had to give test for the test to get to the data to be able to prove that it was good so that they could be good-killed.

14:07And also come in with the insurance company and so. So the cost of the cost that they had for the year was about to get data. And it was it I saw And the actual thing was And then I thought I thought it was a good I like when the company is so So safe on their own That they can do out gratis tests For that to get in data Exactly They had a deal with the company That they gave intäkter But they were able to do it And then it was their core business Versus the veteran And there they got in very much data that was good on long time. Yes, exactly. And then the last few months I've been able to get Medicare-good-kännande for breast cancer, lung cancer and immunterapi.

15:00So it's very big indication. And when you've got Medicare-good-kännande then it's going to be like a SAS-model that all cancer-patient should do this test for checking the fall. And when you've had cancer you've got a lot of cancer. It's been a year after that you've got to see so that you don't get back cancer. So it's been a lot of tests that are done. So I thought... And it fell out. So then I've got to go up. So I was a little bit when I came. I thought this will go well now when they've got Medicare Goods.

15:43But if you can use Tempus, which is also interesting, I'm looking at Tempus in the other parts of the other parts of the other parts. And see if it's something I really want to have. Tempus has an AI-coupling, so it's clear that if it's going to be a hotline, it can be a good thing to sit with it. Is it a red flag or not that one does to AI after its own name? Skillnaden är att personalis so billigt ut, om jag då tänkte mig att deras kostnadsökningar har varit medvetna för att samla data. Tempus har ju lite AI-premier i sig. Tempus gör ju rätt, köper något kvalitet med Medicare-godkännande som handlas billigt, där man kan se att kostnaderna är artificiellt höga just för att de ska samla in datan.

16:35Tempus gör the right to buy quality with your premiums. Exactly. Spännable, then we will follow up it. I can continue my report. We had Medtech, we had Research who was with a grove vinstvarning. They had a bad report for the time and now they said that they were two bad in the way. Then they were clearly strapped. When they went 230, they went to 160. So they had to sit with a screen. It had been fantastic. That's not it. Kursen peakade ju over 350 här för ett år sedan och nu på 178. Det här är väl egentligen ett bolag man kanske ska se på ettårs cykler med olika ordrar när det är sjukhusupphandlingar och liknande.

17:24Löp, vdn där, hans historik är väl blandad. Vissa perioder har aktien gått fantastiskt och vissa perioder så har de gjort grova investeringar som har blivit to learn it long, but it's been a skakig resa here. If you are interested in and think that this is just a time, it's a super-go-play. I'm a little sugen. Then I know that now it's going to come a report. Then you can find a little bit of it. And find the perfect entry point. If you look at Bonex, which I have a little DKI, you see that they're crazy blank. They've seen their guidance on the On the way to the net, it was over 35%. Now they had 33-36%.

18:08They went down on their capital market day. It's not super easy to be IR, but it doesn't feel like they're playing IR-bolling perfect when you have a focus on negative focus. So I thought that the report was okay. The actual was 14 % most. I bought a little and took a little bit later on. but the one has been a while now between 180 and 270 and now we're back to 197 it's been a lot of insider-sync after the report so either blanks are right or insiders are right and here it's a little bit of a company it's a great company, it's good, it's good, it's good so it's more a question of what you want to to evaluate a quality tech company to Yeah, it's where you tappar blank case for me I don't see the smoking gun as I said before but Yeah Brommer, they've been taking a little the last few days, it's like they have been doing quite active so it's got to be a credit for it's nice to take here and then sell it's a dyre if it's what they've done we'll see what it's done, it's still blanked over 10%.

19:29They went up on a good-kännable here until senesommar, augusti, september if I have gotten right, after I got to for to get their portfolio. And it would be in so case that could be a good trigger. But Medtech-sector is one of the sectors that are extremely bad here in the recent years. There is no AI-coppling there. And these are a little bit on the tulls. So I don't really have a I don't really have a why just Medtech. It should be Medtech-mjukvarudelen that should be AI-hoted in so far. I'm not sure that you're going to be able to to get their implantation. No, it doesn't do anything. But it's a lot of research.

20:11For example, the new company has been able to... So that the konkurrensen is going to because it will come new companies with a technology that is built via AI and then the old mjukvary-losing will be delayed. How would it be? It too, we had EQT, there we had one. I think all their reports are difficult to lose. Of having had higher inflöde than then. It always seems like partners and the slack have got michering here. Man could not see any Fort Knox doctor, or their interngupper here, what do you do now? Alltså att de skulle drabbas av SAS Mageddon nu, nej det känns ju osannolikt. Utan T-branschen är ju väldigt svår analyserad.

20:58Man vet ju att smarta tequilarna i Ginget, de jobbar på EQT. Så det här kommer ju inte, om det här går dåligt. De verkar inte drabbade av private credit, vad man kunde se i den här rapporten. Så de har väl mer åkt ner på någon form av SAS-oro. Och det ser man inte riktigt än, åt den här private credit-oron. and that's not in EQT so Investor, Wallenberger, they are good dip-sales, they have been buying a lot of EQT so that I think EQT has been on it

21:33I Sarsmageddon so come it's like to sell all P-E-bolag so that capital just disappears from the allocation of the sector so that the capital is falling and then the capital and then all the people are sling off the level EQT would be I don't want to be super on the last here but EQT is in the state of the state of the state of the state of the state so they don't have to the state of the state as the state of the state of the state of the state and of the state is more like there is probably a small amount of so it will be a bigger risk and if you think that the P-bransch will go in in very bad times it's clear that they will be able to drabby but they themselves are more that it's a lot of people that are on their own then they can buy a little portfolio of it we are so big we are here so that and it is a big deal Alltså Storleck spelar roll Har du fler fonder, fler bolag Så är det klart du får en större För att du sprider riskerna mer i alla fall Ja, för när andra går Och kjola ihop Då kommer de stora kunna plucka Russin och kakan Med det sagt betyder inte det att det kommer gå bra I ett sånt scenario Men Man satt och bäsade ekutivt Värderingar överlag går väl ner då Men But Al's going to have a capitalization on a new path –ielsails publicly has said its song it là it's Wass Fine within the��� sociales there are who up IoT – Well,

23:29it's

23:38it's It's a good thing that it's a good thing. It's a good thing. It's a good thing. It's a good thing. It's a good thing. It's a good thing. It's a good thing. If you want to buy a quality in the resources. And for AMF, it's not a risk of paying for the money. It's not a good thing. But, Northvolt, But I mean, many of the big capital allocation have gone so over the last year so now is it a big big compliance goes in and says now you're going to leave okay we're going to leave it and then we'll end the report with Saab they came with very many orders they were short they were short they were still they were around 500 they took 10-20 kronor now they were in 581 Our tapra pod-kollega Skogman Fick kasta in körkortet här När den stängde över 550 Det kändes nästan som att Jane Street och gänget Hade koll på det här Nu var det dags att trycka upp Saab Men det här visar väl att den här Försvarscykeln i de större bolagen Där vi pratade om massor av ånger Den har ju knappt börjat Mildef sprutar ju också inordrar Så ja Saab levererar Den är väldigt sektordriven But the kurs was in 630 here, it was in 700 in the beginning of the year.

24:59Now it's 580. If you want to buy a savings, it's not that Saab is a bad alternative. It's like that with all the USAT and the other, so they've got a little grip on the order. Then you know that it's full HOS in the US-sector. Tidigare didn't they get a order on 20 years ago, it was a grip. No, and then you don't have to pay for the lead time in this country. But the avtalen is 10-20 years old. And it's very long. And so we started to skissar on a couple of years ago. Exactly.

25:33We are sponsored by Pareto Securities. And they have their super-bjudice now, where you can get their rulled-kortage on 0 ,025 % on Nordic Akties. And what is better to test on that if not in the report period when you can handle offently many akties that are very much. Yes, and even here under the report season is their analysis very good to have. So not long after the report has come, you can get a comment and they take very many in the Nordic. So it's a great chance to get a initial analysis and take on the report. Yes, you often get a very quick comment They can also get an estimate before they know how they can act both before and after.

26:21And then I want to also tips on their app. If you're on Sprong now, they have a very good app where you come to analyze. You can add algorithm orders. You can handle for market, after market. You name it. And that can be done with their very smooth apps. Yes, and there are also you can get a new inflow from the New Hitsby and Direct Premium and take part of Pareto's own analysis, as we mentioned under the report period and also handlare for and after the market in the USA, ETF, fonder, aktier, and more. Yes, so if you're not aware of Pareto's Curtis today, it's really time to try on this erbjudand.

27:07Exactly, and it's going to until the year. So it's just a try to go. Stort tack Pareto!

27:19We'll go back to AI. Today is the first studs day. Sivers is up 9 ,9%. He's still at 36%. I saw that Serenity was back 50 % on a month. I'm wondering if he did it on Lill-depot and took it home the big depot. or if he is a galning who would ride this to the moon when he has gotten 2000 % or like in Sievers and all the other companies. You have been a little negative. Have you paid a lot of money on that AI has gone down? I was in Sievers from 1994 to 1995 and that was okay. I was a long little at the beginning of Hossen. I'm 100 % in Sievers and that's I'm afraid. I'm thinking about rest of the company.

28:03I'm hyperscaler and like that. With the half-sum we have had in half-sum, so a set or a set of or a set of it can be top or not it. I looked back on the building to the 2000-hsum and then it was 1997 and 1998 so the whole half-sum went down to 40-50%. Two times in the bubble up so it went down 50 % and then continued it so it's very difficult to do was this top or was it not and it's hard to do of course that's why it's hard to do it that we're up on astronomically of the people who are really rich it was like what you want you should sell when you think it's best all the reds are and then suddenly it comes just a new It was the metanyheter that maybe not was a new For there were other indications that they didn't have overcapacitet But it took people's time to People were overbelonged in Korea Plötzlich went through the whole of the dream sector When you don't think that there is a turning any way No, and there was no one's afraid And all the people had with leverage And there were new ETFs with leverage every day in principle It was just a few weeks ago And now all are screaming And it's what we We're talking about in the podcast So, the only thing that All the spring in when prices are high And spring out when prices are low Now I'm not saying that half-leaders are low Even though they've gone a copy of So

29:53It's still Up much on the year But It's just a perfect example again To look at the phenomenon for three weeks ago I was no one afraid now I was scared to get a little bit it's not just Facebook and Meta the new thing with that they would start to sell computers for that they had too much but it's also that China has opened up a source model that has been very very very very good the last one Kimmy heter the one and I haven't done it but But the model is up and close to Claude in the code capacity. What the model is doing on the test when you rank the models. The model is taking on the Chinese chip, on their own tech stack.

30:45The model is taking on the brough of the sum we are going to do on the frontier models. All of OpenAI and Anthropics models. and it is a little hole on what now have kinesians copied and used on OpenEyes and Tropics models they have information about it with it said that it is an open source model that is like well as Claude Opus Claude Opus it is not good for to get bet for Claude or OpenAI so it slår ju hold on it that we are so long ahead if you can have an open source model that is gratis if you can drive it it is very difficult to take it and it is that for half-leaders and half-leaders it is two places here the who are bullies and half-leaders say that it doesn't play no role that the kinesis model is like well because it will be to compute oavsett and half-leads oavsett for to drive them here.

31:57And so can it be. Problemet is that if Antropic Open AI is going to be in handbroms because they don't will grow so much as it is supposed to and they will not take betalt as it is supposed to so they will not have intäkter as it is supposed to What happens with all their orders they have laid to the top and the top and the top and the top and the top and the top and the top and the top and the top and the top It's a very course-factoriering, round-tripping as it's called hyperskills and OpenAI and Entropic. It's extremely sentimental. If Entropic and OpenAI don't pay the money they're paying so they won't be able to infolive all the orders they've been and a half-lead-hawson is bygd on all the monster-stores orders.

32:49so then is the question can any other play up the game and fill the gap if OpenAI or Antropic can't live up to the game it is the question I say not that it will be so but it is the question that all ställer sig we talked a lot about how sjuk it is the korsfakturering We put orders on 20 billion dollars and you put it on us 20 billion dollars. Nvidia has done this before and back. It's very like how telecom-bubblan and internet-bubblan växte. And this thing with the Chinese open source-models that are gratis can be a hot for it. That it gets to be a lot of korthus.

34:14and piece it up. or if it's 2008 vibbar here, but just today we're a little bit in the bottom of the AI-sentiment but I'm holding with and it feels a little bit like that I mean it's a very high so you need to look at what risk are and the Chinese models that are out are very good and it's where the risk is for the value not for AI AI has not yet if AI doesn't cost much and it became like Uber when they were able to get it, that it was the consumer who was actually getting it. Then it was the top. For the consumer is the top that it comes with a competition in the AI-models. And that the Chinese are spotting out open source models that they can drive, it's really good.

35:01But for the price of the index, all S &P 500 and Nasdaq, there is risk that OpenAI and Entropic can infilliva order when they have done when they can't take the money as they have thought of a result of a on the basis of the kinesis models and it will be very interesting both of them are going to the market so it will be very interesting who's first it's interesting the kinesis models I have to say that it's it's it's it's it's that have got half-leaded to be able to what had happened with when a tropical was opened it was a marketer it's a bit cool thing to think about Just now What happens if you have a product That you can take a great job for And then someone says This is a good product and it's gratis What happened with your tax kurs?

35:52Men, I'm from China There we have a little Jo, but the open source Okay, I understand You're the biggest China-loving No, I'm not Moonshot Som då har Kimmy Alltså modellen Kimmy Det bolaget heter Moonshot Alibaba äger ju 35 % av den Och Alibaba har ju typ ingen AI-värdering De handlas ju på rätt låga P-tal överlag Och handlas billigt, så jag tittar på den i sugen Men jag vågar inte, för det är Kina För att Jag tänker ju såhär, tänk om Kina-rabatten Mycket kinesiska bolag är ju billiga som fan Höll jag på att säga Men det finns ju en Kina-rabatt of a reason, and it's a little bit like that the ryses always looked super cheap.