EFTA02603360.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, July 24, 2018 4:06 PM To: Paul Barrett Subject: Re: Trade Ideas yes On Tue, Jul 24, 2018 at 6:02 PM, Paul Barrett < <mailto >> wrote: Ok Assume sell Naspers as well? Paul Barrett Alpha Group Capital LLC 1=2 W 57th Street, 11th Floor, New York, NY 10019 <tel (o) <tel > (c) <=a> On Jul 24, 2018, at 11:46 AM, jeffrey E. <[email protected] <mailto:jeevacation@=mail.com» wrote: sell ten cent you were supposed to tell me at =own 10 percent' 1 1 1 1 keep google. On Tue, Jul 24, 2018 at 5:40 PM, Paul Barrett <paul@al=hagroupcapital.com <mailto > wrote: Jeffrey 1. We own $2.5MM of Tencent. The stock is down 20% fro= the highs in January. A lot of that has to do with its weight in the Chin=se and EM ETFs. EFTA_R1_01792515 EFTA02603360  I think we should add $2MM. Naspers has now caught up and =utperformed Tencent since I bought Naspers. Let's also switch Nasp=rs back into Tencent. a. Downward revisions to their egaming business have h=rt sentiment b. They own 48% of For=nite (on a run rate of $3BIn revs this year — and that is before t=e China launch in the coming weeks). c. Tencent Music targeting a $30Bln IPO d. Didi now valued at $55BIn. They own 20% of it WeChat remains the dominant social platform in China<=> e. ARPU is 1/10th of FB y=t consumers spend 2-3x more time on WeChat f. Overall the story is still a good one and the stock has been hur= by the selloff in China and downward revision to their gaming business. F=els like a lot of bad news is priced in down here. 2. GOOG is up 4% today and everybody upgrading the sto=k. We still own $3.7MM. How about taking some profits on half the position= Feels a little euphoric right now in tech. We are up $530K on this position. <image002.jpg> Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 (0) (c) </=> <mailto =/span> <image006.jpg> 2 EFTA_R1_01792516 EFTA02603361  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --0000000000003ec6250571c0f0ea-- conversation-id 313115 date-last-viewed 0 date-received 1532448361 flags 8590195713 gmail-label-ids 7 remote-id 839261 3 EFTA_R1_01792517 EFTA02603362