10 Comments
Apr 29Liked by David Katunarić

Hi. I have a technical question. I would like to buy lindbergh on IBKR, but it shows that order quantity should be a multiple of board lot. It does not work even if i want 100 shares. Do you you something about it? Thanks

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Great write up, thanks David! What do you make of the recent sell from the Chairman/CoFounder who decreased his holding from over 26.3% to 22.3%. The announcement says that two institutional investors bought the shares. Do you see this as net positive or net negative? Thanks!

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Oct 22, 2023Liked by David Katunarić

Very interesting, thanks! Sounds like a great co with great management.

You estimate "high single-digit EV/owner earnings (FY ’23)", I'm having trouble figuring out how you arrived at that, because it implies owner earnings of say €2M, but net income and FCF are far below that (TTM). Would you mind giving me a pointer on how you get to that owner earnings estimate?

Cheers!

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