This is OpenAL Flux.
I'm Brett and I'm Justin and it's Monday, the twenty fifth of November.
Does it, boy? Get this one? Superannuation consultant chant West. They're estimating the medium Investment Growth funds is up about ten point three percent in the calendar year today and does a boy on a one hundred thousand dollars super fund? This could mean more than ten thousand bucks in just this calendar year.
Not bad, not bad at all. A man, I take something that's even bigger than now. Every Black Friday, Ozsies dropped a massive six point four billion dollars on supposed deals, but they often end up.
Stashed in the back cupboard.
So this year, Flux is running an anti Black Friday campaign. Until Black Friday, we are offering fifty percent off an annual Flux Pro subscription. So instead of buying stuff that lasts as long as a TikTok trend, invest in yourself for long term with Flux Pro. To make sure to download the Flux out and get fifty percent off right about now.
Three bargain basement stories today, Juzzy boy, let's do it for our first Levisa the Fast Fashioned jewelry chain has seen its revenue growth slow down to less than half of investor expectations.
Levisa the bling that's here for a good time, not a long time, So tell me all well.
Juzyboit. Lavisa started back in twenty ten as a fast fashioned jewelry.
Chain like h and M or like Zara.
For retail, Levisa focuses on releasing hundreds of new styles of jewelry every single week, and over the past fourteen years, it's grown quickly to operate nine hundred and twenty seven stores in almost fifty countries now. Josey boit Lavisa has been a pretty major retailing success so far, it's share price jumping more than eleven hundred percent since its IPO. But be man at Levisa has just released some results for the first twenty weeks of the financial year.
Yep La, Visa's total sales increased ten percent over the first twenty weeks of the financial year.
Sounds pretty good.
Hold it right there, Juzy boy, before you get too excited, because when you look at same store sales over the same period, they were up only one percent.
Seems like the shine might be wearing off of Lavisa's fake three carrot divers.
Yep jugiboit the growth that the market had hoped for, and.
Be Man Levisa reckons the cost of living increases means there's less discretionary income to spend on things like jewelry. The last about four seconds interesting, So what's the key learning here? Same store sales is the revenue generated by a company's existing retail outlets over a certain period of time, and it excludes any income from news stores open during
that period. Now, b Man, this metric is pretty crucial for investors, especially in a company like le Visa that's expanding rapidly in its store out In fact, the Visa opened twenty seven stores during the first twenty weeks of the financial year, including if you don't mind, in the Ivory Coast, the Republic of Congo and Panama and be Man.
They actually plan to roll out forty eight stores by the end of the year.
So the same store sales number will show a more accurate level of the true organic growth and true consumer demand, and that means investors can see whether growth is driven by a growing market share.
Or just because of the expanding number of stores. For our second story, HarperCollins has become the first major book publisher to allow an AI model to train off its books.
Talk about handing over your livecard, jazy boy, HarperCollins writing its own eulogy. That's what I'm thinking to tell me more.
Okay, So HarperCollins is the British American publishing company. It's been writ in some form since eighteen seventeen.
It's the brains and the pages behind classics like The Lord of the Rings and The Alchemist and be Man.
It's grown to become the second largest consumer book publisher in the whole wide world. Now, jose it wait so far HarperCollins, alongside the other big publishers like Penguin, Random House and Simon and Schuster, they have been like Gandalf yelling you shall not pass to AI companies. Yep, we ain't selling our books to you because you could learn and train from them and.
The next best selling author could become chatty.
G But now b Man, HarperCollins has become the first member of the Big five publishers to invite AI into their library.
Yep.
HarperCollins has reportedly signed a deal with Microsoft to help train its AI.
Basically, they'll give Microsoft access and permission to its non fiction catalog for Microsoft to Trader.
And this would be split between the publisher and the author as shared revenue and royalty streams. So what is the key learning here when in doubt hedger bets and your intellectual property.
Man.
We know that many AI companies have been training their models on copyrighted material without asking permission or paying for it. This has landed them in hot water with everyone from publishers to comedians.
Think New York Times sewing Open ai.
Or comedian Sarah Silverman suing Open Ai and Meta.
So now b man AI companies are trying to avoid legal fallout by coming to arrangements with publishers and comedians and authors.
And for publishers it's a game of survival.
Yeah, they're hedging their bets just in case the judge's decision goes against.
Them and jaboy. That's why we've recently seen deals between Uscorp and Open Ai for two hundred and fifty million US dollars over five years.
And we can expect plenty more to come.
For our third and final story, Amcre, the Aussie packaging giant, has announced a mega acquisition of Berry Group, which will create the largest consumer packaging business in the universe, the.
Old packaging bans be Man.
Not exactly Front page glam, but definitely the big bucks.
So let's unpack this one, nice juzzy boy. Am course started as a humble little paper mill in Melbourne in the eighteen sixties.
Yeah, but Amcore's grown to over forty one thousand employees in forty countries and juzyboy. It first listed on the ASX, but shifted its primary listening to the New York Stock Exchange in twenty nineteen. That was after it acquired a packaging business called Bems, which already listed there. But now amcor has acquired another packaging business called Berry Group, and that means they'll have more than seventy five thousand employees across the world.
Now will make Amcre the undisputed heavyweight champ of consumer packaging.
Okay, be Man, talk me through the numbers. How much should they pay?
Well, the acquisition technically values Berry Group at eight point four billion US dollars if you don't mind, but.
I feel like there's a butt coming But juzy.
Boy, there won't be any cash changing hands because it's an all script deal.
Your personal favorite. So what is The key learning here.
An all script deal is when shareholders of the acquired company receive stock in the acquiring company instead of cash.
Yeah.
As part of this mega deal, am Core shareholders will now own sixty three percent of the combined business.
And Berry shareholders will own thirty seven percent of the Amcore Bury business and be man. The idea of an all script approach is that it aligns the interest of both company shareholders yep, because the success of the new combined entity directly impacts both of their investments. There Man I must say Amcor has a bit of a habit of using all script deals as a way to acquire
large companies without fronting huge amounts of cash yep. In twenty nineteen, they acquired Bemus Group for six point eight billion using a similar.
Structure and now be maned with the Bearer Group merger. Am Core is once again using this strategy to try and dominate the US markets flux AMM there is only four more days to get fifty percent off flux pro. If you've been homing and houring about whether you should get it. There is so much value jam packed into this little app that you will make the best financial investment of twenty twenty four. Make sure to download the Flux app and get fifty percent off Flux Pro this way.
Thanks for listening and we'll see you on Wednesday.