I'm Back Buying Hims & Hers Stock AGAIN!

Summary

The speaker discusses their decision to reinvest in Hims & Hers stock after a recent dip, having first bought the stock in October 2023 at $6. Despite a temporary drop, the company continues to show strong financial performance, including significant revenue and subscriber growth. The video highlights the company's focus on telehealth, expanding markets, and its impressive profitability trajectory. The speaker believes the stock presents a long-term investment opportunity with potential for high returns, and shares their optimism about the company’s future, citing its ability to consistently exceed expectations.

Takeaways

• 📈 The user is back to buying Hims & Hers stock, which they first purchased in October 2023 when it was $6.
• 📉 Recently, the stock has fallen, presenting a potential buying opportunity as the user sees higher return potential now.
• 🤓 The user runs numbers and finds bigger potential returns compared to a year or two ago, indicating confidence in the stock's future performance.
• 📊 The company has consistently delivered impressive earnings, with a 51% year-over-year revenue growth and a 43% increase in subscribers.
• 🌟 The user highlights the company's successful performance and potential for future growth, despite recent stock price volatility.
• 📉 The stock has fallen nearly by half since June, but the user believes this is due to short-term investors rather than any fundamental issues.
• 🏥 Hims & Hers focuses on telehealth, offering personalized and affordable healthcare, especially appealing to younger generations.
• 🧴 The company has recently launched a successful weight loss product, adding to its diverse healthcare offerings.
• 💰 Financially, the company is strong with high gross margins, profitability, and a solid cash balance, enabling share buybacks.
• 📈 The user sees long-term potential in the stock, expecting significant returns and considering it a potential major position in their portfolio.

Q & A

What is the focus of the YouTuber's video?

The YouTuber focuses on providing an update on Hims & Hers stock, discussing why it has recently dipped, analyzing the company's financial performance, and sharing predictions for the stock's growth over the next five years.

When did the YouTuber last buy Hims & Hers stock, and what was its price at that time?

The YouTuber last bought Hims & Hers stock in October 2023, when it was priced at $6.

What has caused the recent dip in Hims & Hers stock price?

The YouTuber believes that the recent dip is caused by short-term investors and hype around the GLP-1 weight loss injections, as well as Wall Street speculation, rather than any fundamental issues with the company.

What financial performance highlights does the YouTuber mention for Hims & Hers?

The company achieved a 51% year-over-year revenue growth, a 43% increase in subscribers, and consistently beats earnings expectations, which the YouTuber describes as strong financial performance.

How does the YouTuber describe Hims & Hers' earnings results over the past two years?

The YouTuber notes that Hims & Hers has consistently delivered '10 out of 10' earnings results, with strong revenue growth and frequent earnings beats, despite occasional drops in stock price following these reports.

What industries does Hims & Hers operate in?

Hims & Hers operates in various industries, including dermatology, mental health, and weight loss, all of which are multibillion-dollar markets with growth potential.

What recent development in the weight loss market has impacted Hims & Hers stock?

Hims & Hers recently launched a weight loss program targeting $100 million in revenue, which it achieved much faster than expected. However, news about the end of a GLP-1 drug shortage led to a drop in stock price.

How does the YouTuber view Hims & Hers' long-term potential?

The YouTuber views Hims & Hers as a strong long-term investment, with the potential for significant growth over the next few years. They believe the company could become more profitable and continue to expand its presence in large markets.

What valuation multiples does the YouTuber use to estimate the potential return of Hims & Hers stock?

The YouTuber uses different multiples for conservative, moderate, and optimistic estimates, ranging from 20x to 60x earnings. They believe that, under optimistic scenarios, Hims & Hers stock could deliver a nearly 10x return.

What is the YouTuber's plan for their Hims & Hers investment moving forward?

The YouTuber plans to increase their position in Hims & Hers, even considering it as a potential largest holding in their portfolio. They view the stock as a winner and intend to keep backing it.

Outlines

00:00

💼 Back to Investing in Hims and Hers

The video starts with the creator discussing their return to buying shares of Hims and Hers, a stock they initially invested in when it was valued at $6 in October 2023. The stock has since performed well, but after a recent dip, the creator believes the company now has even more growth potential than previously thought. The video promises to provide an updated analysis of the stock, explaining why it has dipped and what the future holds for the company over the next five years.

05:01

📊 Key Performance and Growth Potential of Hims and Hers

The creator reflects on the early days of investing in Hims and Hers, noting the stock's initial lack of coverage but its steady rise in popularity, particularly among YouTube stock market channels. They mention how the company consistently beat earnings expectations, though the stock faced challenges during the 2022 bear market. Despite the recent dip from $22 to nearly half its value, the creator believes the stock’s fundamentals are strong, and this is an opportune moment for long-term investors to buy more shares.

10:01

🚀 Financial Success and Impressive Growth Metrics

The financial performance of Hims and Hers is highlighted, focusing on the company’s ability to exceed expectations in terms of revenue and subscriber growth. The company reported a 51% year-over-year revenue increase and a 43% rise in subscribers. The video emphasizes that the management team consistently sets conservative targets and then outperforms them. The company’s growing profitability, high gross margins, and strong cash flow indicate that it’s well-positioned for continued success in the telehealth space.

15:03

📱 Why Telehealth is a Game Changer

Telehealth is presented as a major growth sector, especially popular with younger generations who value easy access and personalized healthcare. Hims and Hers offers affordable healthcare solutions, making it convenient for people to consult with doctors via their phones. The company operates in billion-dollar markets like dermatology, mental health, and weight loss, and its rapid growth in new categories, like weight loss, demonstrates its ability to expand quickly and capture market share in emerging sectors.

📈 Strong Financial Indicators and Profitability

Hims and Hers' robust financial performance is underscored by significant growth in subscribers, revenue, and profitability. The video delves into the company's 41% subscriber growth, 50% revenue growth, and impressive 75% gross margins. The company’s strategy to consistently deliver strong financial results with low customer churn rates has allowed it to generate increasing amounts of free cash flow, and its healthy cash reserves position it well for future growth initiatives, including share buybacks.

🔍 GLP-1 Hype and Market Volatility

The video addresses the recent volatility in Hims and Hers’ stock, largely driven by hype surrounding GLP-1 injections, a weight loss product that temporarily boosted the stock price. However, the shortage of the product may soon end, which has caused the stock to fall back. Despite this, the creator believes that the hype around GLP-1 was never meant to be a long-term revenue driver and argues that the company’s fundamentals, which showed a 44% year-over-year growth even without this product, remain strong.

💡 Conservative Numbers, Big Upside Potential

The creator runs through updated financial projections for Hims and Hers, noting that even conservative estimates suggest strong future growth. The company is expected to grow its revenue at 25% annually and could achieve profit margins of 12%. The video highlights the potential for the stock to deliver significant returns, with the possibility of becoming a '10-bagger' (10x return). Despite these ambitious numbers, the creator emphasizes that their projections are conservative, meaning there could be even more upside.

🌟 Why I’m Buying More Shares of Hims and Hers

In this final section, the creator reaffirms their confidence in Hims and Hers as a long-term investment. Despite having taken profits earlier, they are now buying more shares, seeing it as a prime opportunity to increase their position. The stock, already their second-largest holding, could soon become their largest due to its strong performance and growth potential. The creator urges viewers to subscribe to the channel for more updates and insights into their investment strategy.

Keywords

💡Hims and Hers

Hims and Hers is a telehealth company offering personalized healthcare products and services. The video discusses how the company has grown from being a $4 stock to almost $16, showcasing its financial success and potential for future growth. It highlights the business model's focus on accessibility and affordability in healthcare, including categories like dermatology and mental health.

💡Telehealth

Telehealth refers to the provision of healthcare services through digital communication platforms, allowing patients to consult doctors without visiting a clinic. In the video, Hims and Hers is portrayed as a leader in telehealth, especially catering to younger generations who prefer convenient and remote access to medical services via their phones.

💡Revenue Growth

Revenue growth represents the increase in a company's sales over time. Hims and Hers is reported to have an impressive year-over-year revenue growth of 51%. This concept is central to the video as the speaker emphasizes the company's continued financial performance and its ability to exceed expectations in revenue generation.

💡Profit Margins

Profit margins refer to the percentage of revenue that remains after all expenses are paid. In the context of Hims and Hers, the company is expected to achieve up to 30% adjusted EBITDA margins, a significant indicator of its profitability. The video stresses how the company's strong financials are driving long-term investment potential.

💡GLP-1 Injections

GLP-1 injections are a weight loss treatment that suppresses appetite, helping users lose weight. The video explains that this new product caused a surge in Hims and Hers’ stock due to its popularity but later caused volatility as the hype subsided. It only makes up 4% of the company's revenue, but the market’s short-term focus on it impacted the stock price.

💡Stock Market Volatility

Stock market volatility refers to the frequent fluctuations in stock prices due to market speculation, investor behavior, or economic factors. The speaker notes how Hims and Hers experienced a significant drop in stock value, nearly 50% in a short time, despite its strong fundamentals. This illustrates how external market forces can temporarily impact stock prices.

💡Earnings Beat

An earnings beat occurs when a company reports higher-than-expected profits or revenue. Hims and Hers has consistently exceeded earnings expectations, which is highlighted in the video as a key factor for long-term investors. The speaker mentions multiple '10 out of 10 earnings' performances, showcasing the company's ability to outperform forecasts.

💡Founder-Led Company

A founder-led company is a business where the original founder is still actively involved in its management. In the case of Hims and Hers, the founder, Andrew Dunham, holds an 8% stake in the company and is praised for his leadership. The speaker views his continued involvement as a positive indicator for the company's future success.

💡Share Buybacks

Share buybacks refer to a company repurchasing its own shares from the market, often to reduce the number of outstanding shares and increase the value of remaining shares. The video mentions that Hims and Hers has a share buyback program, indicating the company's strong financial position and commitment to returning value to shareholders.

💡Market Multiple

Market multiple refers to the valuation of a company relative to its earnings or revenue. In the video, the speaker estimates a market multiple of 20x earnings for Hims and Hers, which he believes is conservative. He argues that given the company's performance, it could be valued at 40x to 60x earnings, suggesting significant upside potential for investors.

Highlights

The user is back buying Hims & Hers stock for the first time since October 2023, when the stock was priced at $6.

The stock has been a good performer, with significant returns for the user and viewers of the YouTube channel.

Despite a recent dip in stock price, the user believes the long-term return potential is even higher than before.

The stock had surged 300% at one point, and although the user sold some shares during this peak, they see another buying opportunity now.

Hims & Hers continues to beat earnings expectations, with revenue growth of 51% year-over-year and subscriber growth up 43%.

The company’s financial performance has consistently exceeded projections, with strong profitability and improved metrics.

The stock has fallen nearly 50% since June 2024, despite no significant issues within the business, which the user attributes to short-term market dynamics.

The user sees this decline as a chance to buy shares at a good value, especially for long-term investors.

Hims & Hers' focus on telehealth services, personalized healthcare, and affordable access continues to drive its success, especially among younger generations.

New product categories like weight loss have shown strong performance, reaching $100 million in revenue within half a year.

The company’s gross margins are 75%, contributing to strong profitability, with long-term adjusted EBITDA margins projected to be between 20-30%.

Hims & Hers is forecasted to generate nearly $108 million in free cash flow by the end of 2024, with no debt and a cash balance of $227 million.

Ownership remains strong, with the founder still holding 8% of the company, and the user expresses confidence in the leadership.

The user attributes the recent stock dip to hype surrounding GLP-1 injections for weight loss, but emphasizes that this only makes up 4% of the company’s revenue.

The user anticipates strong long-term growth, projecting a potential 600-1000% return over the next five years, driven by sustained revenue growth and profitability.

Transcripts

so yes you did read the video title

correctly I am back buying HS and hair

stock the first time I bought hims and

hairs since October 2023 when the stock

was only $6 and obviously since then

it's been a very good performer for us

for me the YouTube channel some of you

guys as well I now own the stock but

recently the stock has had a bit of a

fall and I have rerun the numbers and

I'm actually seeing even bigger numbers

now for the return than where I saw them

a year ago two years ago H which is kind

of crazy to think about and um today I

thought i' just give you an updated

where the stock is at why the stock is

having a dip and also some numbers that

I think the stock could do in the next

kind of five years and obviously you

know it's uh crazy now because obviously

him and hairs was uh only really

mentioned on this YouTube channel like

we are kind of like the OG hims and

hairs Channel and uh now whenever I go

on YouTube I see just so many of the

stocks kind of talking about stock

market channels talk about him and hers

and uh obviously you know to think about

you know back two years ago like there

was nobody talking about this stock on

the YouTube channel I think I was

probably the first person to cover it on

the YouTube channel and now uh obviously

there's a lot more people interested but

yeah it's a good opportunity again so uh

we're going to go through it today hope

you enjoy it hit that like button let's

get started now if you do want to see

when I do buy any him and her shares

I'll sell them obviously we've sold some

as well previously while the stock was

running up for like 300% return then the

play be is on the patreon you get to

know what I'm buying and selling in real

time time only5 and you also get two

exclusive videos a week on there and

also if you do want to buy some him hair

shares join the link for trading to him

too that's personally the investing

platform that I use and the obviously

the investing platform I buy my hims and

hair shares in anyway I was looking on

YouTube the other day and we see here

that I've got a lot of coverage on him

and hairs but this video from two years

ago and I said hims and hairs is a fall

this fall dollar stock is on fire and I

actually watched a bit of it and what

made me laugh about it is that this is

when obviously the uh when this stock

actually started bringing out Mega

earnings and the St you remember when

that time when the stock brought them 10

out of 10 earnings and you can even see

it right now on the screen like the

stock popped up 20% and then it used to

just give it all back and end up

negative on the day I don't know if any

of you guys used to remember those days

when them 10 out of 10 earnings came out

and then the stock used to absolutely

collapse it was a it was a really

frustrating time obviously there was the

kind of 2022 bare market and we are out

of that now but it just shows you

doesn't it you know sometimes the stock

market only a year ago two years ago

goes oh this Stock's a $4 stock and then

obviously from there it's you know from

$4 it's it's ended up being a $16 $16

stock nearly a five bagger but look at

the stock I mean it's still performing

quite well you know the stock is still

up 41% year today but rarely since uh

July time which isn't even really that

long ago the stocks Fallen uh quite a

bit and since J June time uh the stock

was actually a $22 stock it's actually

Fallen uh nearly by half and you're

thinking that's quite a dramatic fall in

a quite a short period of time you know

to to lose nearly half your market cap

half your value you would think there's

something significantly going wrong with

the business and for me there isn't I

think maybe a few people have just got a

bit caught up in the hype people are

trying to make quick money people a lot

of Wall Street they're trying to guess

where the Stock's going to be in two

three years time uh two three months

time are kind of jumping on the bang

wagon and I think really if you're a

long-term investor like you know if

you've been holding it for the last kind

of couple years I think this is maybe

another opportunity to go get some

shares at some good value and uh that's

what we're going to talk about today now

financially the comp the company has

absolutely smashed it the last earnings

um actually this isn't even the last

earnings this is qy1 earnings I'm a

little bit behind there and but if we go

on the last earnings if we can find them

very quickly for you they were actually

amazing we had another Mega um EPS beat

as you can see here Revenue growth of

51% year-over-year which is very

impressive subscribers up 43% and once

again we have a major upgrade on the

guidance you know it was a beat they

just keep beating and beating numbers

and this is the great thing that we've

had from him and hers is they just carry

on beating numbers the management team

sets out low well not low numbers

they're already quite impressive numbers

but they consistently sandbag and then

overd deliver which is an amazing thing

to be o owning as well and uh what we're

seeing as well inside all the companies

metrics is the metrics are just getting

better and better and better the

profitability ramp it up and now we're

talking about coming at 66 times

earnings I tell you guys you know a 51%

year-over-year growth company at 66

times earnings is H obviously quite

attractive but as well as that it's

going to very quickly grow into that

that valuation you know the big thing

about stock market investing is all

about being future thinking you know

you're looking at three four years am I

going to get am I right now getting a

cheap company for what they'll be doing

in three or four years and I think that

is the case for him and hers especially

with the the numbers they're doing but

let's just go back to basics you know

what does the company do well it's a T

Health Service so T Health is a key

obviously there was a big boom Jo 2021

but it's only continued and especially

with the younger generation because what

they want is more personalized Health

they want to also get access easy access

to the platform so people don't want to

travel to the doctors nowadays they

don't want to go into the place where

the people are coughing everywhere and

you got to travel to it and then you got

to wait around people just want to log

on on the phone easy access get your

subscription nice and easy if you want

to see a doctor just put it on your

phone you can carry on doing jobs around

your house you don't have to travel and

get that easy access and the other thing

is Affordable people want cheaper

Healthcare especially in the US and

that's what him and hers is able to

provide to a lot of their subscribers

and if you look at some of the markets

to do lot of the mark markets have uh

like sh Dermatology Mental Health weight

loss which are big major uh categories

you know these are multibillion

categories that they have here and

there's potential for them to carry on

expanding into these categories one of

the new ones that recently launched is

the weight loss uh this was a new

category they launched this year and uh

was the Target to get to 100 million

revenue and uh it's already there in

this time frame you know this was

supposed to take a year to get there and

they've done it within like half a year

which has been very impressive and

obviously when you're only taking even

if you only take a percentage of a

multi-billion industry that's how your

company can still be a very big company

um in when you're having these big

Market spaces like a a health industry

for example and when you look at the

numbers they've executed to Perfection

subscriber growth is up 41% Revenue

growth is up this is for the key one

numbers by the way and we' just seeing

that we're actually growing 50% in the

last quarter uh 46% in the last quarter

8.4 Just DE with imin which if you look

at the improvement from last quarter is

very good 90% of reoccurring Revenue as

well lovely having a SAS business you

know SAS businesses normally trade at

premium as well gross margins 75% that's

why they're able to make so much

profitability and under a oneyear

payback and if you look at the growth I

mean look at the growth here the

quarterly Revenue growth has been very

impressive just nice staircase upwards

very high gross margins for those

profitability and if you look at the

adjusted EV point of view look at the

ramp up since we obviously we talked

about the video from when we were

talking about whenn as a $4 stock look

at the profitability that's just been

ramping up and they just see more and

more Improvement you know you look at

the longer term Outlook of this year

they've hiked that up and you know at

the start of the Year analysts were

expecting this coming to grow like 20%

and at some point this growth will slow

down but even now it's just absolutely

insane and the thing is you know look at

these the guidance here it's the

guidance they're doing for the next

quarter is just so much higher than the

full year guidance it's going to get

hiked up even more this year and AD

justed even margin as well you know you

look at that and you look at the

long-term guidance you know long-term

guidance is 20 30% adjusted even the

margins and if you look what they're

doing right now which is our forecast to

do around about 10% at the moment you

know that is H where the profitability

is going to come through there's going

to be very high profit margins and they

still think from here they can uh you

know double and even triple the adjusted

even margin so there's going to be good

amounts of profitability coming off this

business um if we look at the past

performance and the future performance

you can see the execution here just look

at that Revenue growth just look at the

profit growth look at the free cash flow

that's ruming up on the business by the

end of the year you know what we like

five months away we're going to be

talking about C that's nearly doing 108

million 109 million in free cash flow

obviously that's very good and that

should just continue and because

obviously they're throwing off that

profitability here we're going to have a

nice profitable business that puts a lot

of that cash onto the balance sheet and

they've got no debt cash balance wise

they sit on a really healthy cash

balance of 227 million that's why

they're able to do things like share

BuyBacks that they currently have going

on right now and ownership wise a few

people criticized the owner Andrew

Dunham I think he's done a Absolut

fabulous job here this company is

something like seven years old eight

years old and you look at what he's

doing he's absolutely amazing he still

owns 8% of the business and it's a

Founder Le company and uh hopefully that

continues say everything here is looking

very positive so what are the like

negatives why is the share price you

know down nearly 40 50% there must be

something in there and I kind of hinted

it at the start but I think there's a

few people that are getting in here for

short term rather than long term and

that's what's being causing the pain at

the moment and a lot of that volatility

comes around this the uh glp1 injections

so if you don't know there was a a new

weight loss product launched which was a

glp1 injection basically you go get this

injection and it makes you not feel as

hungry and uh what that ends up doing is

you would don't end end up eating as

much and uh it's not like the normal

kind of weight loss programs where you

have to actually do some sort of

exercise um and it's getting very

popular because the people can have

these injections it's proven that it

helps people lose weight as far as we're

mostly aware it's a safe product and

we've seen a lot of celebrities at the

moment a lot of celebrities have come

out to there you know the reason why

I've lost a lot of weight is because of

these injections and um you know a lot

of this is produced by a company like

Eli Lily for example and uh what

happened is because the products were so

popular what Eli Lily had to do is

actually let other companies make this

weight loss product which obviously him

and hair started doing now what has

happened recently is they've come out

and said we think that the drug shortage

is at an end very soon and for a company

like K and hairs that have had access to

it people got excited you can basically

see where the announcement came out and

the stock actually rallied up huge for

it a lot of people that are short-term

thinking went oh this is going to be

major for him in his and got carried

away with it and now we've seen that the

you know the potential shortage is going

to come to an end quite quickly if all

them people that jumped in the hype are

jumping back out again and I think what

has happened is the stock has actually

gone that low that it's actually quite

attractive valuations if you now a

long-term investor a lot of people you

know people panic when the stock goes

down there'll be some people that jumped

in here and actually sold it for you

know quite a big loss and I think that

that's actually created an opportunity

because what people are ignoring is

they've got caught on this glp hype

they're not looking at the the

fundamentals of the business that are

just improving and improving ahead of

expectations and what frustrates

frustrates me a little bit as well with

the G glp1 side of it is that you know

people maybe got carried away with this

we always knew this wasn't going to be a

long-term Revenue driver for the hims

and hairs business so it's not something

that should have been considered and as

well as that when you look at the recent

earnings for hims and hers the company

still grew 44% year-over-year without

this glp W in the latest quarter and the

glp one only makes up like 4% of the

revenue growth of this business so even

if that was to disappear of the business

the business is still having fantastic

numbers without this here and I think

that just so many people got caught up

in the short term that people forgetting

how good of a company this could be in

the long term and just to show that

let's have a look at some numbers now I

actually think the numbers are even

higher than where we were when I last

did this video so when I last did the

hims and hers numbers in 2013 the

numbers are are actually that higher now

than what I was expecting that the

upside is probably even higher than when

I did it in

2023 now I put Revenue growth of 18 22

25% in now this company is still growing

40 plus% a year so I'm assuming a big

slow down in the revenue here so the

numbers that I'm even putting in are

quite sandbagged at the moment on a

profit margin point of view I've put 5 8

12% now I think they can easily obious

we saw 20 30% adjusted EV margins I

would expect them to get to 10% profit

margins either now the only number

that's above a 10% profit margin is the

high side so I've even been conservative

on the profit margin I put 20 times

earnings in which once again I think if

you're coming and doing these numbers

there's no way you're going to be

trading at 20 times earnings but I went

with the market multiple we'll we'll up

that in a second now on the low side

yeah I mean if they did these numbers

I'd be so um disappointed with them but

you're only down 10% which isn't

terrible midside 100% upside which is

what we look for when we buy a stock in

my opinion that's what I invest for is

100% return in the next 5 years and we

are getting that on the midside on and

on the high side we're getting some nice

upside there now like I said I think

these numbers were a bit conservative so

I think the company can realistically

grow at 25% in the next 5 years on a

kaga basis obviously you know I think

the first couple of years will be at

least 30 plus% Revenue growth by the

time we get towards maybe the back end

of the next five years that might be

getting towards the lower 20% growth so

I think 25% on will be a good kind of

guess I think I'm going to stick with

that 12% profit margins I think they are

definitely achievable in the business

I'm not going to change that at all now

on a multiple I think the company will

obviously do if they're doing these

numbers for me it's not a 20 times

earnings business um I think it's going

to be higher now let's start off with

the 40 times earnings you've got nearly

a 600% return on the stock but I

realistically think you know you're at

least going to be talking this company

trades at like 60 times earnings on

these numbers and you're getting nearly

a 10 bagger right now on those numbers

now there's a lot of assuming that the

numbers go to Perfection and that's

obviously not always the case with

investing but realistically I do think

will be on this higher side and like I

said on the very bullish case I think we

could be staring at hims and hers 10

bagger here and even if I didn't have a

position I'd be buying obviously I've

still got a position but I'm willing to

average up here because I think the

upside is still looking very attractive

and if anything why would I would why

would I not want to buy more of this

winner you know what's the old saying

you know water the flowers trim the

weeds don't be yeah don't be trimming

the flowers and watering the weeds in

your portfolio if you've got a winner in

your portfolio you know keep back in it

and I look at him and hers and it's

probably the stock in my portfolio

that's executed to the Perfection the

most every single quarter I look look at

them I just think it's even better than

what I expected it's another 10 out of

10 earnings the EPS is just higher than

what was expected the revenue was higher

than expected they hike up the guidance

again they've got an amazing balance

sheet you know you think about the the

you know we talk about the profit that

potentially could be throwing off in

five years time 500 million they could

be throwing that into dividend or share

BuyBacks the opportunity here is just

you know enormous and I think just you

know why not buy more so i' over the

last kind of year I've took quite a bit

of profit off the table because I've

been up on this position you know quite

an attractive amount at times and the

the position is still a big position

it's my second largest position still

but I have took profit off the table and

I think now now is the time where I put

some of that back into the business and

you know it's my second largest position

but realistically can I see him ton as

come in my largest position yeah I think

so you know I think that the what I look

at here the number wise it looks very

attractive and uh I will continue to buy

more so yeah I am making a video today

saying that I am back buying him and

hers shares for the first time since

October

2023 and um thought I'd make you guys

aware of that uh hope you enjoyed the

video if you could hit the like button

if you're new around here or you've been

long turn watch if you know make sure

you subscribe we're very close to the

16,000 subscribers so if you can get me

there that'll be absolutely amazing

apart from that I'll see you in a bit

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