Letters by company
Tencent Music Entertainment Group
2 letters discussing TME. Everything written about it on this site is on its ticker page.
- Bireme Capital 4Q21 Quarterly Report Bireme Capital argues that inflation and eventual monetary tightening will end the speculative equity boom and favor value-conscious investors. The portfolio added a long position in Tencent Music while shorting Affirm, EV charging companies and speculative EV names, and it sees Bollore's African-operations bid as validating a much higher sum-of-the-parts value. 4Q21 TME $13BAFRM $25BARKK
- Bireme Capital 3Q22 Quarterly Report Bireme Capital argued that persistent inflation will force the Federal Reserve to maintain restrictive policy, replacing the market’s buy-the-dip reflex with a sell-the-rally regime. It added to Twitter as confidence grew that Elon Musk would be compelled to close his acquisition, sold Tencent Music after deterioration in its core businesses, and detailed the growth cases for RCI Hospitality and Netflix. 3Q22 NFLX $511BRICK $199MTME $13B
