Hey all, it has been a bumpy up and down month results wise but still seeing some strong results coming through. I added a couple newer stocks Niagen Biosciences NAGE and Nephros NEPH recently with both of them reporting soon. Any feedback on the names are welcome.
Results are,
2024: +146%
2025: +152% YTD
Cumulative: 520%
Ended the month with these allocations,
Iren IREN 17.5%
AppLovin APP 17.1%
Astera Labs ALAB 16.5%
Electrovaya ELVA 10.4%
Hive Digitial Technologies HIVE 9.0%
BioHarvest Sciences BHST 6.2%
Health in Tech HIT 5.1%
Applied Optoelectronics AAOI 4.9%
Duos Technologies DUOT 4.1%
Reddit RDDT 2.6%
Dave DAVE 1.8%
Microcap Ventures,
Niagen Biosciences NAGE 2.3%
Nephros NEPH 1.0%
Organigram OGI 0.9%
Zoomd Technologies ZOMD.V 0.5%
Promising new ideas on the month included,
Silicon Laboratories SLAB - wireless connectivity and IOT devices
MIND Technology MIND - marine seismic exploration & survey
AerSale Corporation ASLE - aftermarket for aviation products
AvePoint AVPT - SaaS cloud solution for data management
Micron Technology MU - revisiting this memory maker with competitive advantages
LuxExperience LUXE - European fashion retailer with impressive financials
Freightos Limited CRGO - Israeli based shipping software digitizing an old industry
Niu Technologies NIU - Chinese bike and scooter manufacturer with strong growth & value
This week I’m getting ready for earnings season as about half my companies report next week. Will probably have a lot of turnover on some of the smaller names and looking to see some over performances from companies as well.
I started small positions in HYVE & ELVA after your last report, but recently ended up dropping them in favor of CIFR & EOSE:
With its locations - especially Paraguay - I anticipate that HYVE could end up just being a BTC miner, without being able to concentrate enough human and physical resources to HPC. This was not an issue for CIFR, so when I was looking to add, based on the BTC to AI switch, I preferred the latter.
With ELVA, I liked the story and batteries are hot at the moment. ELVA’s are aimed at machinery - not a problem as there are going to be lots of robots……except that ELVA’s are big and heavy and go into vehicles. I decided that I liked EOSE better based on their fit with the AI/DC thesis.
(I offer my rationale in case it sparks anything for your own ongoing analysis, rather than as a criticism in any form!)
@wpr101 So happens I’m in Guilin, China right now. Guilin is a medium size city with a population of about 5.5 million. But that doesn’t compare to an American city because China draws municipal boundaries very differently. The photo is in a shopping district. I took a few more photos that look very similar just a few steps from this one. The point is that motor scooters are ubiquitous in China. This photo is typical. There are about 200 motorcycle manufacturers in China.
I’ve got some observations re/ Niu. The most obvious is that there’s a ton of competition. Scooters are a commodity here. They aren’t just for the young, I’ve seen elderly people on scooters. I’ve seen as many as 5 people on one scooter. I would venture that scooters are the primary mode of motorized transportation in China with respect to daily activity. Long distance travel is increasingly the province of high speed rail - but that’s a different story.
Niu may have good numbers, but I can’t imagine that it would be a good investment. I asked my wife’s nephew, Leon if he was familiar with Niu. He knew the product. I asked if there was anything special about those bikes that set them apart from all the others. He said they have a good reputation and command a high price - they are sort of the Cadillac of scooters.
As for unique features, the only thing Leon could say is that they have an app that controls and informs you about the machine. He didn’t say this is unique. You can start the motor with your phone. You can lock and set the security alarm with your phone. Kilometers until you need to charge the scooter is displayed on your phone, etc.
But there’s nothing truly proprietary about this. It would not be hard for a competitor to adopt a similar capability - for all I know, quite possibly some of their competitors have already done so.
In general, I don’t think investing in vehicles in China is a very good idea. There are about 130 auto makers. BYD has been the leading BEV & hybrid brand since 2023. Tesla ranked 10th in 2024.
at the moment. ELVA’s are aimed at machinery - not a problem as there are going to be lots of robots……except that ELVA’s are big and heavy and go into vehicles. I decided that I liked EOSE better based on their fit with the AI/DC thesis.