Group 1 - Mobileye's stock has rebounded sharply over the past week despite a lack of material news, indicating market confidence [1] - The signing of the first imaging radar customer is a positive signal for Mobileye's underappreciated segment [1] - Narweena, an asset manager, focuses on identifying market dislocations and believes in achieving excess risk-adjusted returns through secular growth opportunities [1] Group 2 - Narweena's investment strategy emphasizes company and industry fundamentals to uncover unique insights, particularly in smaller cap stocks [1] - The firm operates with a high risk appetite and a long-term investment horizon, targeting deeply undervalued stocks [1] - The aging population and low population growth are expected to create new investment opportunities, contrasting with past trends [1] Group 3 - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments [1] Group 4 - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia over time [1] - Richard Durant, the leader of Narweena, has a strong educational background in engineering, finance, and an MBA, along with passing the CFA exams [1]

Company Overview - SLB is reorienting its business to adapt to depressed activity levels, particularly in the onshore US market, with a focus on long-term growth in its New Energy and Digital businesses [1] Investment Strategy - Narweena, an asset manager led by Richard Durant, seeks to identify market dislocations due to poor understanding of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities in markets with barriers to entry [1] - The research process emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon targeting deeply undervalued stocks [1] Market Dynamics - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, contrasting with industries facing stagnation or secular decline, which may improve business performance due to reduced competition [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments, resulting in a large pool of capital chasing limited investment opportunities, driving up asset prices and compressing risk premia over time [1] Leadership Background - Richard Durant holds undergraduate degrees in engineering and finance from the University of Adelaide and an MBA from Nanyang Technological University, along with having passed the CFA exams [1]

Simulations Plus' ( SLP ) share price plummeted after the company reported preliminary Q3 FY25 results that fell well short of expectations. While soft biopharma market conditions and Simulations Plus' relatively large services business mean that current weakness is not surprising, the companyRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adju ...

Group 1 - MongoDB's stock has increased over 40% following the release of solid Q1 results, indicating strong company performance and attractive pricing [1] - Narweena, an asset manager, focuses on identifying market dislocations due to misunderstandings of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities [1] - The research process at Narweena emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and a long-term investment horizon [1] Group 2 - The aging population, low population growth, and stagnating productivity growth are expected to create new investment opportunities, differing from past trends [1] - Many industries may experience stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly characterized by asset-light businesses, leading to a declining need for infrastructure investments and a limited set of investment opportunities driving up asset prices [1]

Group 1 - AST SpaceMobile's stock has been stable recently, but there are positive developments in its business fundamentals [1] - Competing services are experiencing initial challenges, yet there are indications of increasing demand [1] - Narweena, an asset manager, focuses on identifying market dislocations due to misinterpretations of long-term business prospects [1] Group 2 - Narweena aims for excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets with entry barriers [1] - The research process emphasizes company and industry fundamentals to uncover unique insights [1] - The investment strategy is characterized by a high risk appetite and a long-term horizon, focusing on deeply undervalued stocks [1] Group 3 - An aging population with low growth and stagnating productivity is expected to create new investment opportunities [1] - Many industries may face stagnation or secular decline, potentially improving business performance due to reduced competition [1] - Other businesses may encounter rising costs and diseconomies of scale, impacting their performance [1] Group 4 - Economies are increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1] - Richard Durant, the leader of Narweena, has a strong educational background in engineering, finance, and an MBA, along with CFA exam completion [1]

Group 1 - Autodesk's growth is currently accelerating due to a shift in its business model, although underlying growth remains modest as recent tailwinds are fading [1] - Narweena, an asset manager, focuses on identifying market dislocations resulting from a poor understanding of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities [1] - The investment strategy is influenced by an aging population, low population growth, and stagnating productivity, which may create new investment opportunities distinct from past trends [1] Group 2 - Many industries are expected to face stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale, impacting their performance negatively [1] - The economy is increasingly characterized by asset-light businesses, leading to a declining need for infrastructure investments over time [1] Group 3 - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1] - Richard Durant, the leader of Narweena, has a strong educational background in engineering and finance, along with an MBA, and has passed the CFA exams [1]

Okta's ( OKTA ) stock has been let out of the doghouse by investors over the past 6 months. While the company's revenue growth remains tepid, margin gains have been impressive. RPO growth also points towards a revenueRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by identifying businesses with secular growth op ...

Company Performance - Schrödinger (NASDAQ: SDGR) reported extremely strong results in Q1, indicating a thriving business despite a challenging demand environment [1] - The company's share price reflects its positive performance and potential benefits from regulatory tailwinds going forward [1] Investment Strategy - Narweena, an asset manager, focuses on identifying market dislocations due to poor understanding of long-term business prospects, aiming for excess risk-adjusted returns [1] - The investment approach emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term horizon [1] - Narweena targets smaller cap stocks and markets with less obvious competitive advantages, driven by the belief that an aging population and low growth will create new investment opportunities [1] Market Trends - Many industries may face stagnation or secular decline, which could paradoxically enhance business performance as competition decreases [1] - Conversely, some businesses may encounter rising costs and diseconomies of scale, impacting their performance negatively [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments over time [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia [1]

Company Performance - Unity's first quarter results were soft but in line with expectations, indicating a stable performance despite challenges [1] - The Create business segment is showing signs of recovery, while the adtech segment remains uncompetitive [1] Investment Strategy - Narweena, an asset manager, focuses on identifying market dislocations due to poor long-term business prospects, aiming for excess risk-adjusted returns [1] - The investment approach emphasizes company and industry fundamentals to uncover unique insights, with a preference for smaller cap stocks and markets with less obvious competitive advantages [1] Market Trends - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, differing from past trends [1] - Many industries may experience stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly influenced by asset-light businesses, leading to a decline in infrastructure investment needs [1] - A large pool of capital is pursuing a limited set of investment opportunities, resulting in rising asset prices and compressed risk premia over time [1]

Group 1 - Snap Inc.'s first results showed solid performance primarily due to strong subscription revenue growth, but management's downbeat tone and lack of guidance for Q2 raised concerns among investors [1] - Richard Durant leads Narweena, an asset manager focused on identifying market dislocations and businesses with long-term growth opportunities in markets with barriers to entry [1] - Narweena's investment strategy emphasizes company and industry fundamentals, targeting deeply undervalued stocks with a high risk appetite and a long-term investment horizon [1] Group 2 - The aging population, low population growth, and stagnating productivity growth are expected to create new investment opportunities, differing from past trends [1] - Many industries may experience stagnation or secular decline, which could paradoxically enhance business performance due to reduced competition [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments and driving up asset prices while compressing risk premia [1]