SNOW - Snowflake

Has anyone else been following this IPO?

I work in the data and analytics industry, so I've been watching the company since around 2014. Was considering getting in at their original quoted price range of $70-$80, but seeing their price rocket to $319 on day 1 has me holding back in the hope that it cools down over the next few weeks/months.

From a technology perspective, they're an exciting proposition and are paving the way for en-mass Data Warehouse migrations to the cloud - the flexibility Snowflake provides in terms of cloud providers is not currently matched by any similar offering that I am aware of. Enterprises I'm working with in NZ are either already in the process of moving to Snowflake, or see them as the only viable option for future migrations.

I will watch, wait, and continue my Snowflake training...

Australian Shares PIE fund.

Is it true that a PIE fund does not have to pay capital gains tax on Australian resident companies that maintain a franking credit account, even if they buy and sell a company within the same year (or month)?

Lululemon

Has anyone looked into Lululemon?

They have weathered the covid situation better than most of their competitors. Last I heard they were down 17% in revenue. Compared to Nike and Adidas who are around 40% down.

Massive increase in online sales - Up over 150%

Acquisition a few months ago of mirror a start up company that fits perfectly in with their brand. Subscription based and set to be profitable in 2021. Picked up cheaply.

Increased profit margins year on year.

Recently a dip along with the tech sell off in the last few days.

I need to look more into them, have not done a DCF on them as of yet. Still believe there is plenty of growth on the horizon but with a PE of 76 I'm not so sure if it's a buy yet. Still need to do more research.

I love the brand, my partner has purchased plenty over the years. Fantastic customer service. Returns without an issue and offers of free gift cards worth more than what she paid sometimes for any inconvenience.

Any thoughts?

Belarus...

Anybody else following the chaos in Belarus?.. ... the people have been protesting savagely for 3 weeks or more just another revolution fallen on deaf ears....

Reading Depth

Hi Guys

This one confuses me as all the off market Sells are less than the off market buys. Not sure exactly what happens here when this is the case?

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Rua Bioscience

Looking to list

Medicinal cannabis firm Rua Bioscience plans to list

https://www.stuff.co.nz/business/122...-plans-to-list

* This article was originally published here

Investore Property Ltd 7 Year Bond

Announced today. Minimum 2.4% (probably what it will end up at going by recent issues).
Closes this Friday.

* This article was originally published here