Join the Roppongi Serious Investor Club; Sat 10:30 (Tokyo)
The RSIC is is for people who know their way around a balance sheet to put their top ideas up to the test, as well as to discuss valuations, and macro issues, such as money supply, trade, credit, etc.
If you find yourself occasionally looking at an income statement/ listening to an IR presentation/ looking at oil production numbers and feeling a little bit excited, then you are the kind of person we need.
Every weekend we meet at Starbucks in Tokyo Midtown at 10:30am, and members present their latest (or revised) ideas.
Planned time is 1 hour - time is money (although we regularly go for longer than this) - and it is over coffee in the morning.
Your idea can be any opportunity, and can be short, but it has to make sense based on fundamentals (e.g. the quality of a given cash flow statement, the amount of copper at the LME, the anticipated growth in wireless internet subscribers), and must be actionable.
Everyone has something they know about well - for example, if you work at an advertising company, or a cement manufacturer, then you can explain that industry. If you don't know your own industry - get online and research it! Use something like google finance to look at the financial statements. Which company has the best margins, which is growing fastest, what are the factors that will decide the winner - scale? innovation? customer relationships? How is the industry changing? What is the competitive landscape like? Are there any speed bumps on the horizon? What are the valuations of the main players, and are there any apparent anomalies? What does investor sentiment and other contrarian indicators tell you?
We currently do not hold teach-in sessions, so if you can't work out an EV/EBITDA or an interest coverage ratio, read a copy of The Intelligent Investor first.
The group's official language is English, but help can be given in Chinese and Japanese.
See Protected content for more details.
See you soon,