Symmetry @Symmetry_Invest Twitter profile

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Symmetry

7 months

Symmetry 2023 annual shareholder letter: Dansk: English: ----------------------------- And yes, there is probably some misspellings etc. in the english version - our investor base is danish so the translation to english is just an

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Symmetry

@Symmetry_Invest

2 years

🤣🤣🤣

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Symmetry

@Symmetry_Invest

2 years

Today my wife finally (after 15 years in Denmark) received her danish passport. I simply could not be more proud of her. Growing up in the most poor EU country (Bulgaria), succeding in english, going to UK (and later Denmark) to study and work without knowing anyone.

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Symmetry

@Symmetry_Invest

1 year

This is probably the best investment research write-up i have read in several years . Impressive

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Symmetry

@Symmetry_Invest

2 years

MGM on the reason for aggresive buybacks

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Symmetry

@Symmetry_Invest

3 years

Okay this is a funny Ad 😅

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Symmetry

@Symmetry_Invest

3 years

Happy to share the 2021 Annual Letter for Symmetry Invest. Dansk: English:

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Symmetry

@Symmetry_Invest

3 years

Denmark lifting ALL covid restrictions 🍷🍾🎂🍸🍺

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Symmetry

@Symmetry_Invest

2 years

Small-Cap Europe seems to be dead Amazing hunting ground.

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Symmetry

@Symmetry_Invest

3 years

Happy to share our thesis on Epsilon Net before digging deeper - need to thank @SharogradskyM for pitching the idea to us in the first place and to @alexeliasson for sharing his research with us along the way

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Symmetry

@Symmetry_Invest

4 years

Why is analysts so extremely short sighted? Listening to EVO conference call and all analysts questions is really just about how to model Q3 numbers. Why not spend time on strategic postion, market outlook etc. .....

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Symmetry

@Symmetry_Invest

10 months

@evfcfaddict You should not feel bad. The selection bias is insane every year at this time :) the 5% best post the returns, the other 95% you dont hear from. Next year the 5% best is someone different. Just remember investing is about CAGR , total $ return and risk.

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Symmetry

@Symmetry_Invest

3 years

Symmetry Invest H2 2021 newsletter Danish: English:

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Symmetry

@Symmetry_Invest

4 years

Here is our writeup on Gaming Innovation Group Here is the slides presentation Webcast will be available later on

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Symmetry

@Symmetry_Invest

4 years

The Symmetry Invest 2020 Annual Letter is out: Danish: English:

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Symmetry

@Symmetry_Invest

4 years

Really happy to announce that @henrikinvest will start as an employee in Symmetry Invest A/S . With his deep knowledge i am sure Henrik will be a big benefit for Symmetry

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Symmetry

@Symmetry_Invest

4 years

(Symmetry page 26-29) @henrikinvest "With an annualized return of over 23 percent, Symmetry Invest has delivered the second-highest annualized inception-to-date return among the funds with a track record exceeding five years."

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Symmetry

@Symmetry_Invest

2 years

Symmetry Invest A/S is long Catella AB While we have been and still is bearish on the swedish property market we think this is the baby thrown out with the bathwater Read full report and disclaimer here:

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Symmetry

@Symmetry_Invest

10 months

As we are ending 2023 soon, Symmetry did a write-up on our 3 largest positions going into 2024 and why we believe in them.

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Symmetry

@Symmetry_Invest

4 years

In february Symmetry Invest reached 100 mio DKK in AUM after 7 years of hard work. 9 month later we have now reached 200 mio. DKK. Big priviliege to invest other peoples hard earned money. More humble, passionate and determined than ever before to keep the good results going🚀

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Symmetry

@Symmetry_Invest

9 months

The wolds best insurance company (+25 % +15 year shareholder CAGR) available at a single digit 2024 P/E multiple according for former CEO 🤗

PROT Q4 2023 PREVIEW — Hvaler Invest

hvalerinvest.no

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Symmetry

@Symmetry_Invest

2 years

The Worm Capital 13F is insane. Fund manages more than half a billion $ 65 % allocation to Tesla and 30 % to Spotify both mainly on call options. remaining 5 % a mixed bag. That was end of march. since then both TSLA and SPOT down around 30 % each.

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Symmetry

@Symmetry_Invest

3 years

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Symmetry

@Symmetry_Invest

1 year

Hard to convince danish investors to invest in a small-cap fund when they are all just sitting and looking at their Novo Nordisk shares :D

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Symmetry

@Symmetry_Invest

1 year

If you think NVIDIA at 35x revenue is a little expensive, we are trying to play the AI boom through "picks & showels" with Crayon trading at 10x FCF DYODD! not advice!

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Symmetry

@Symmetry_Invest

4 months

4-year anniversary of our investment pitch on Protector Forsikring: Including dividends the stock has more than 10x over that 4-years while the S&P is up around 100 % When great leaders execute their business models it creates wonders !

Forside - Symmetry

[divider line_type="No

www.symmetry.dk

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Symmetry

@Symmetry_Invest

4 years

I like the trend :) In January we also have Virginia and Michigan+Iowa online with several more states to come :)

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Symmetry

@Symmetry_Invest

4 years

Symmetry Invest A/S is long Franklin Covey Report: Slides: Zoom: Our own opinions, not investment advice. Read our disclaimer and make your own due diligence.

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Symmetry

@Symmetry_Invest

3 years

Symmetry Invest H1 2021 letter is out Dansk: English:

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Symmetry

@Symmetry_Invest

2 years

We have written a piece around the current status of the Affiliate industry and why we are bullish on Gaming Innovation Group please read disclaimer in the end

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Symmetry

@Symmetry_Invest

2 years

Symmetry Invest A/S H1 2022 letter: Dansk: English:

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Symmetry

@Symmetry_Invest

4 years

my good friend Brad has another great research piece out

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Symmetry

@Symmetry_Invest

1 year

Protector absolutely killing it 1. april +200 % growth in UK

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Symmetry

@Symmetry_Invest

2 years

Probably had the most bullish Expert call i ever had on any company with JDC Today. Expert walking be through why JDC is in a pole position to go from 0,8 % market share --> 2 % -->5% --> 10 % etc. A few notes:

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Symmetry

@Symmetry_Invest

3 years

My @eightsleep is probably the highest ROI investment i have ever made. I spend 8/24 or 1/3 of my life in my bed. Why not make the most out of it so i can be at my A-game the remaining 16 hours as a father, husband and investor 🤗

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Symmetry

@Symmetry_Invest

4 years

.... This just shows how much money can be made by taking a long term view on stuff when everyone else is just looking at the next Q

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Symmetry

@Symmetry_Invest

1 year

We think the recent drawdown in Catella is an amazing opportunity to build a position in a long-term winner. The stock has traded down together with other Swedish real-estate names after the SBB collapse, despite having close really direct exposure to Sweden.

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Symmetry

@Symmetry_Invest

4 years

Symmetry H2 2020 newsletter is here: Danish: English: I owe a huge thank you to the fintwit community. The results could not have been achieved without the collaboration here.

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Symmetry

@Symmetry_Invest

3 years

After running Symmetry for 9 years and looking at all the danish IPO's i am excited to announce that Symmetry finally decided to become a cornerstone investor in an IPO. Relesys A/S fits all our requirements for a great business. We have shared why here:

Michael Kjær

@venturaFPC

3 years

-Relesys new danish SaaS IPO. -Premoney: 250m - @Symmetry_Invest corner investor.

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Symmetry

@Symmetry_Invest

4 years

As the year is coming to and end i was trying to do a short calculation on the reports we have put to our website: One thing that really comes to my mind and the reason for this thread is how valuable fintwit has become....

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Symmetry

@Symmetry_Invest

4 years

With data from Illinois coming in now we can estimate the US handle for Kambi up until august: remember 1) NFL start september 2) Barstool Launch september 3) Michigan november 4) Tennesee November 5) Virginia Q1 2021 6) + XXXXX more states We are only starting

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Symmetry

@Symmetry_Invest

4 years

Will Kindred also do a reverse profit warning soon? They are like 40 % of Kambi revenue :)

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Symmetry

@Symmetry_Invest

3 years

Luckily for me, 5 years ago I made the best “investment” in my life when I said yes to my amazing wife Katya and the one thing that I know I will never let go of <3

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Symmetry

@Symmetry_Invest

2 years

Symmetry Invest H2 2022 newsletter: Dansk: English:

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Symmetry

@Symmetry_Invest

4 years

Kambi new ATH :) Finally :)

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Symmetry

@Symmetry_Invest

2 years

Times really goes fast when you are having fun. Amazing to think we are going to celebrate our 10-year anniversary next friday. As most funds in this industry shuts down within a few years its definetly a privilege to be able to go for +10 years.

HedgeNordic.com

@HedgeNordic

2 years

Andreas Aaen launched a long/short equity fund with ‘friends and family’ capital in 2013. @Symmetry_Invest is now celebrating its tenth anniversary, having delivered an annualized return of 19%, reached $100 mln in AUM, and grown into a team of 7 people.

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Symmetry

@Symmetry_Invest

3 years

Draftkings 2021 P&L 😅

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Symmetry

@Symmetry_Invest

4 years

It seems the market is now starting to see the potential in GiG. 3 month ago we wrote a report when the company was at 7 NOK. Today at 17 its up 133 % in 3 months. Still some way to go to 40-60 NOK:

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Symmetry

@Symmetry_Invest

3 years

Franklin Covey starting 2022 with a smash :) 🚀

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Symmetry

@Symmetry_Invest

1 year

The GiG @gaming machine continues to deliver :)

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Symmetry

@Symmetry_Invest

3 years

Symmetry Invest ended the month of january with a +2% return compared to -11% for global small caps. Nothing specific happened, 4 out of 5 largest longs was up while our shorts tanked. Just a weird period were long value/short crap finally worked - wont expect it to continue

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Symmetry

@Symmetry_Invest

3 years

Happy to be nominated for an award as best fund under 100 million $

Recognition for the Smaller and Younger - HedgeNordic

Stockholm (HedgeNordic) – The nominations for this year’s HFM EU Emerging Manager Awards have been released, with the recently-announced shortlist featuring 15 Nordic hedge funds. The award ceremony...

hedgenordic.com

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Symmetry

@Symmetry_Invest

4 months

8 year anniversary with my amazing wife and mother of 3 - Katya Celebrating at the most amazing restaurant experience in my life. Double michelin star restaurant Alchemist in Copenhagen 🥳🍷🥂

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Symmetry

@Symmetry_Invest

4 years

Me and my partner @henrikinvest delivered some great numbers for Symmetry Invest A/S doing November with an 17,1 % net return, well ahead of benchmarks MTD and YTD. If you are not a follower on our newsletter you can sign up here:

Nyheder - Symmetry

www.symmetry.dk

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Symmetry

@Symmetry_Invest

2 years

Happy to share my recent interview with Founder and former CEO of Protector Forsikring Sverre Bjerkeli Its an amazing story of generating huge shareholder returns based on culture, leadership and dedication @AmundSkoglund

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Symmetry

@Symmetry_Invest

4 years

The shareholder base in WINE is becoming stronger and stronger. Now Glen Kacher VC fund Light Street Capital joins the part with a +5 % stake.

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Symmetry

@Symmetry_Invest

4 years

It seems that 888 migrated away from kambi to their own “in-house” product today in the UK... twitter is full with unhappy clients that complain how bad product is

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Symmetry

@Symmetry_Invest

4 years

Kind of some new message coming out of 888 now :) Before it was taking everything in-house etc. now after they have received a shitstorm from UK players after migrating to in-house products its like: "It is not our agenda to get rid of Kambi" "Kambi fortsat global partner"

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Symmetry

@Symmetry_Invest

3 years

Celebrating becoming a 5-bagger since inception 8 years ago - now @henrikinvest and me have our eyes on becoming a 10-bagger

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Symmetry

@Symmetry_Invest

3 years

Protector keeps crushing it You dont need to buy something sexy when you can get this compounder (25 % +15 years shareholder CAGR) for 6-7x P/E

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Symmetry

@Symmetry_Invest

3 years

That is probably a huge buying signal ?

Open Outcrier

@OpenOutcrier

3 years

Cathie Wood clears nearly all Chinese tech stocks from ARK portfolios - SA

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Symmetry

@Symmetry_Invest

9 months

Over the last month Symmetry Invest have had the pleasure of having Itai Parnes working with us as an intern. Itai is bright young investor studying at Brown University. During his internship Itai did a full research report on one of our portfolio companies, International

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Symmetry

@Symmetry_Invest

3 years

Was great to finally meet up in person with the whole Symmetry BOD again. Reaching half a billion DKK (80 million$) in AUM is quite a milestone - excited what the future will bring

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Symmetry

@Symmetry_Invest

4 years

@roundhill Yes DK and FD slightly ahead on handle. But a lot of that is just promos.. barstool was the only one that made any money and paid any taxes of those 4 :)

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Symmetry

@Symmetry_Invest

3 years

It has been a while - but next week we are ready with some new research:

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Symmetry

@Symmetry_Invest

3 years

Naked Wines just got a US OTC listing making it easy for US investors to buy in USD. The new chairman darryl rawling (TRUP CEO) immideatly started buying shares 🤗🚀🥰

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Symmetry

@Symmetry_Invest

3 months

H1 2024 Symmetry newsletter: Dansk: English: A mediocre start to 2024 return-wise but happy with the progress of the portfolio companies and the L/S alpha achieved.

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Symmetry

@Symmetry_Invest

4 years

Michigan iGaming market according to Flutter

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Symmetry

@Symmetry_Invest

6 months

Juroszek family expanding their control with GiG, now flagging of +15 % ownership. Experienced industry people that delivered a home-run for shareholders in STS. They have "endless" pockets after the sale of STS to Entain and with @TJuroszek sitting in the board room its really

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Symmetry

@Symmetry_Invest

4 years

Is Kindred Group trading at 6-7 x earnings with 20-30 % growth and a clean balance sheet ? Just asking :)

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Symmetry

@Symmetry_Invest

3 years

JDC Group AG Part1: Symmetry has over the last few months build a big position in the German InsurTech company JDC Group AG. After following the name for a while, we think now is a great to get involved.

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Symmetry

@Symmetry_Invest

3 years

A thread about GiG post Q2 results and why its still one of our largest positions We think the market is still not looking at this stock the right way - thats why GiG is still trading at a insane discount to peers thats just not warranted

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Symmetry

@Symmetry_Invest

2 years

Symmetry Invest december 2022. Looking forward to 2023 🚀

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Symmetry

@Symmetry_Invest

1 year

Is it bullish when a board member and largest shareholder is buying an additional close to 100 million NOK worth of shares at a clear ATH?

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Symmetry

@Symmetry_Invest

4 years

Naked Wines grew 80 % YoY in H1. Current guidance and analyst estimates is for around 60 % YoY growth FY or close to 40-45 % in H2. We think its still way to low and think the company will do a reverse profit warning in january or after the new CFO have walked through numbers....

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Symmetry

@Symmetry_Invest

4 years

Rick conference call @Adam_Wyden 😆🤣

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Symmetry

@Symmetry_Invest

1 year

Hvaler Invest raises Protector target to 271 NOK. Still 62 % upside + nice dividends along the way :)

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Symmetry

@Symmetry_Invest

4 years

Today we had an interview with the CIO of Protector Forsikring - Dag Marius Nereng Here is the interview so everyone interested can listen in

zoom_0.mp4

This is "zoom_0.mp4" by Andreas Aaen on Vimeo, the home for high quality videos and the people who love them.

vimeo.com

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Symmetry

@Symmetry_Invest

7 months

Denmark runs with budget surpluss for 7 years in a row. +3 % of GDP and #1 position in EU 5-years in a row. Our assets are worth substantially more than the small (less than 20 % of GDP) debt we have left. I guess it is a good business to produce Wegovy and ship it to the US

Mikael Olai Milhøj

@mikaelmilhoj

7 months

7 år i træk med overskud på den offentlige saldo. Begrænset med underskud da der så var underskud. 99 problems but public finance ain't one, eller hvad man siger #dk øko

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Symmetry

@Symmetry_Invest

3 years

GiG 😍😍😍

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Symmetry

@Symmetry_Invest

2 months

Westaim seems incredible cheap. Book value per shares of 5,4 CAD is +50 Cash and the rest is cash equivalents and listed equities. Then they have a profitable and valuable stake in Arena All selling at 4,05 CAD while they buy back their stock

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Symmetry

@Symmetry_Invest

4 years

Kambi US revenue is unfluenced by a lot of factors including 1) Seasonality 2) Sportsbook margins 3) legislation Sometimes its good to take a step back and look at the overall picture. Here is the 12M TTM revenue MoM:

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Symmetry

@Symmetry_Invest

2 months

JDC Group - wow Advisortech growth 31 % in Q2 EBITDA + 49 % YoY EBIT + 100 % Signed new major insurance deal Growing - scaling - building a leading european Insurtech !!!

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Symmetry

@Symmetry_Invest

2 years

the -100 % net profit margin of Draftkings always impressive me. Burning 467 million $ on 417 in revenue :S

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Symmetry

@Symmetry_Invest

9 months

What can i say? They just keep impressing time after time Here is what we wrote when the stock way around 36 in 2020 (4 years ago) or around 1.000 % return post dividends

Amund Skoglund - IR Protector Forsikring ASA

@AmundSkoglund

9 months

$PROT: 2023: CR 88.5%, EPS at NOK 18.3. Insurance service result at NOK 1 079.9m (700.8). Return on investments excluding insurance finance was 7.9% (3.4%). Q4 2023: CR 86.4%. Insurance service result at NOK 361.1m (166.7). SCR-ratio was 195% year-end, post DPS NOK 5.00

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Symmetry

@Symmetry_Invest

11 months

Great Q3 (despite bad sporting results and weaker consumer) and guidance implies really strong Q4 EV/EBITDA 3,8 x my 2024 est.

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Symmetry

@Symmetry_Invest

1 year

A little late this year unfortunately - but the annual shareholder letter is out: Danish: English:

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Symmetry

@Symmetry_Invest

7 months

Despite markets setting new ATH, there is still plenty of opportunities in small-cap land

Untapped Potential in Symmetry’s Small-Cap Portfolio - HedgeNordic

Stockholm (HedgeNordic) – Small-cap-focused hedge fund Symmetry Invest has achieved an annualized return of around 20 percent over the past five years and over 18 percent since its inception in early...

hedgenordic.com

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Symmetry

@Symmetry_Invest

2 years

Ready for the tour de france, @legranddepart , @copenhagen , @jrp_off vingegaard 🚀

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Symmetry

@Symmetry_Invest

4 years

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Symmetry

@Symmetry_Invest

3 years

I have never heard Nylen this positive on a US listing. Quite a new tone on that i will compared to the past. from 16.00 to 17.30

Kambi

@KambiSports

3 years

Kambi CEO Kristian Nylén sat down with @FantiniResearch yesterday to discuss Kambi's position in the sports betting vertical, investment case and growing addressable market. Watch here:

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Symmetry

@Symmetry_Invest

4 years

Michigan 🚀🚀🚀

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Symmetry

@Symmetry_Invest

4 years

Had an investor-call last week for new prospective investors. They invited me to present my 2 best ideas for 2021. I then did a deep dive into Kambi and Naked Wines. The investor then invested money with me with the response.....

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Symmetry

@Symmetry_Invest

3 years

Just reached 4.000 followers today. Really humble and impressed that so many people have an interest in what we do at Symmetry ❤️

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Symmetry

@Symmetry_Invest

3 years

Epsilon moving into e-Commerce. The shopify of Greece 😋

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Symmetry

@Symmetry_Invest

3 years

We are really happy to announce that we have entered into an agreement with Gaming Innovation Group (GiG) to convert all our convertible bonds prematurely into equity. This will make Symmetry one of the largest shareholders in GiG.

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Symmetry

@Symmetry_Invest

2 years

Quite impressive when a stock is down 42% today and you can barely see it on the YTD chart

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Symmetry

@Symmetry_Invest

3 years

I kind of understand why Draftking wants to buy the Entain software. The SbTech product seems do deliver quite poor SB margins at less than 3 % (before free bets - a huge loss after free bets) while Fanduel and MGM gets to 9-10 % margins

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Symmetry

@Symmetry_Invest

2 years

Sea Limited is "prioritizing profitability" while EBITDA losses expands to -506 from -24 a year ago. Thats some form of priorization :S

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Symmetry

@Symmetry_Invest

9 months

Fintwit having a dick measurement competition, positing YTD charts only 9 trading days into the new year 🫣🥴😆

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