Here’s some background

1. Global Vehicle Fleet

GLOBAL ENERGY CONSUMPTION - A PRIMER

We have hopefully all seen this wonderful diagram from LLNL showing the Flow Diagram of the world’s Energy Consumption in a very useful form full of diagnostic power

So how did we get to here ?

And where are we going from here ?

1. The recent history of Global Energy Consumption

Back in the 1800s the primary use of energy was to generate heat by cutting down trees and vegetation and burning them as fuel - referred to here as “Traditional Biomass”

- this was a defining feature of our World 2.0

2. And then with the advent of the Industrial Revolution fossil fuels like Coal, Oil and Gas became increasingly important

- and they started to define many of the characteristics of our World 3.0

3. Wood-burning Biomass has remained as a significant source of Energy even though its proportion has declined

4. Coal reached as high as 50% of our Energy supply and has continued to grow in absolute terms even though its proportion has shrunk to around 25%

5. Oil took over 40% of the Energy market until the Oil Shock of 1973 started changing our attitudes about the efficiency of its consumption

6. And Gas has been steadily growing its share of the market

“Energy needed a digital revolution – and we are it”

Greg Jackson, boss of Octopus Energy, says the sector was ripe for an Amazon or Uber-style disruptor, but that his version will also boost the UK’s green revolution


Greg Jackson, chief executive of Octopus Energy, wears the unassuming combination of jeans and trainers one might expect from the founder of a wildly successful startup

There’s also a vast open-plan central London office, easy camaraderie with staff, lots of plants

He has the enthusiasm and world-changing idealism too

With all these markers of a tech unicorn – a deal last month with Tokyo Gas valued it at $2bn (£1.5bn) – it’s easy to forget that Octopus is an energy company

Jackson, 49, says the distinction is increasingly irrelevant

Octopus is a new breed of energy supplier, built on cutting-edge technology and unencumbered by the creaking billing systems and fossil-fuel plants that plague the UK’s “big six”

Set up just five years ago, it has been free to view the energy market as a tech startup would: ripe for disruption

LEGACY AUTOMAKERS - 2020 NOVEMBER YTD

As we approach the close of the year, how do the legacy automakers see themselves in 2020 ?

Total global industry volume is down -16% so far, and the two largest players reflect that same reality

Renault is down -22%

Nissan is down nearly -30%

And Mitsubishi is down nearly -39%

Which has brought this unstable alliance down by -28.1% overall

Of course, these numbers only reflect the way the industry likes to present itself to you

And many things about them are not quite as robust as they would have you believe

Let’s touch upon a few :

1. A lot of the volume that VW likes to report does not actually belong to them

2. Instead it belongs to Chinese companies that they only have partial ownership stakes in

3. So when VW actually files its own financial statements, a large part of this volume does not get included

4. On this particular scorecard they are reporting production and not sales

5. This is important for investors to understand because you only earn profits on sales and not on production

6. Any reports of sales numbers from legacy automakers have proven to be unreliable, and are prone to “sales reporting abuses”

South Korean carmaker Hyundai on Wednesday presented the first 7 hydrogen-powered trucks to customers in Switzerland, out of 50 such vehicles scheduled this year to bring zero-emission commercial vehicles to European roads


For long haul, proponents say hydrogen-powered trucks have an advantage over electric rivals as they have a greater range and require less charging times but their uptake and mass production has been slow because they are expensive

However, a McKinsey study in January said that once relative efficiencies of the power sources and lifetime costs of a truck are factored in, green hydrogen could reach cost parity with diesel by 2030

PARITY WITH DIESEL ???

Hyundai has been partnering with Swiss companies to build a value chain covering the production of green hydrogen from hydropower, hydrogen charging stations and the service and maintenance of the trucks

The customers, which include supermarket chain Migros, will be leasing the trucks from Hyundai Hydrogen Mobility HHM to transport goods around the country, backed by the new hydrogen infrastructure

VW LOOKS INTO THE VALLEY OF DEATH

The disruptive threats Herbert Diess saw coming for big, incumbent automakers soon after he took over the top job at Volkswagen Group are playing out as predicted -- only faster and in more dramatic fashion


In an interview, Diess said additional cost reductions and a speedier overhaul of the German industrial giant are vital to withstand new rivals with superior financial firepower

He has been reflecting not only on trying to keep pace with Tesla but on the risk that Apple adds another mighty competitor with almost unlimited resources to the automotive arena

“Despite all efforts, we are currently in a rather more difficult situation than in 2018 when I took office," Diess said

"What really has changed -- and what I had not expected to this extent -- is the view of capital markets on our industry”

In the almost 2 1/2 years since Diess told investors VW needed to aim for valuation levels more in line with Apple, Amazon and Google to still be around for another two decades, the gap has only grown

A THREAD on how most real estate folks structure deals with outside investors.

Most people utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.

Sarad Pawar was a director in a shell company, which have done transaction of 7 Lakh crore in cash in UK.
Company Name was SGFX FINANCIALS CO UK LIMITED. (What could be full Name of SG? Any Guess?)
Thread

According to the UK company filing database, Mr Pawar was appointed as board member of SGFX Financials Co on 13 December 2010 and left the company on 5 January 2011. The filing also notes Mr Pawar's occupation as Minister, Government of India.

This company was incorporated on 13 December 2010 and dissolved on 27 November 2012. Nature of business was ‘Other business activities’!

There were two more directors when company was incorporated
1 is Mr Sarvesh Narendra Gade and 2nd is Mrs Shahanaz Ashraf Bharde

But when this details came out in 2015, Sarad Pawar has filed a case against this couple for using his name without his knowledge! Like really?
Please see below document, which have clearly mentioned that it was authenticated!

1. A thread on Downtown #Vancouver's office construction boom. When it's all said and done there will be roughly 10 million SQ FT of space will be added to just the core.

Here's a brief rundown on what is already approved and under construction...

2. We'll start with what is dubbed as Amazon's unofficial HQ2, or at the very least it's Canadian HQ. At 1.1 million SQ FT this is the largest office development in the city and will help shift DT east as it will house 7500 jobs once occupied.


3. The Amazon building is also significant because it will animate that stretch of West Georgia, Homer, Hamilton and Dunsmuir. It will no longer be a black hole for pedestrian activity. There will be approx. 185,000 square feet of retail and food hall space.

4. Next up is the Stack Tower to be anchored by EY. It's at the western edge of the Central Business District (CBD) and will become #Vancouver's tallest office building when complete. It clocks in at roughly 540,000 SQ FT and 530 feet in height.

5. Recently approved Steam Plant tower has a unique design and large floor plates. With nearly 600,000 SQ FT of office space, this is the second largest office tower that we could see. My bet is that this tower will start to take shape in a year or

The interview with CNBC of @chamath is a much watch because there is so much insight hidden underneath.

There are many things that caught my attention. The one thing was the abstraction that hedge fund strategies are all 'momentum' plays. What it seems to imply is that the marshaling of resources at an opportune time drives the future behavior of a stock.

From basic physics, we know that momentum is mass times velocity. So any 'momentum' tactic employs the variation of mass, velocity or both. Wrt stocks, mass is money and velocity is speed of trade.

We cannot argue that there are benefits of scale associated with having more money. Also, high-frequency trading has shown the value of high-speed trading. So in an abstract sense, market manipulation can involve a kind of momentum play.

The objective of stock trading is to buy a financial instrument at a low price and sell it at a higher price. The purpose of a momentum play is to front-run the decision process of other traders such that one acquires the assets before a decision is made.

The wealthiest person I know prints millions out of thin air in the real estate business.

This is what he does...

A thread.

He finds a distressed retail plaza. Let's say 50% of the space isn't leased.

On a 300,000 sf plaza that might mean 150k square feet is vacant.

If asking rent is $8 per square foot per year, that means the building has a "potential revenue" figure of of $2.4MM.

So in this retail center 50% is leased and 50% is vacant. So the actual revenue, right now, is $1.2MM.

Most retail leases are whats called "Triple Net" or "NNN". This means the tenant pays the taxes, insurance, maintenance and CAM (common area maintenance).

They basically pay all of the landlord's expenses (except debt service on any loans he/she has, of course).

Commercial properties are valued based on something called a "cap rate".

The equation is:

net operating income / (cap rate) = value

The cap rate is a %.

Think about it as the return on your money, annually, as a percentage, you spent to buy a property.