Author Topic: V - Visa  (Read 24770 times)

Liberty

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Re: V - Visa
« Reply #50 on: July 20, 2017, 06:39:28 PM »
« Last Edit: July 20, 2017, 06:53:36 PM by Liberty »
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giofranchi

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Re: V - Visa
« Reply #51 on: July 28, 2017, 08:44:10 AM »
I've sold TVR and bought V.
Just wanted to decrease my portfolio's exposure to the insurance sector.
For what I can see V will benefit from secular tailwinds at least for the next few years. The exact opposite is true for insurance as interest rates slowly rise.
And V in the payment industry seems to be the lead dog.

Longer term Munger of course is right, and technology developments make it very difficult to know who will win in the payment industry.

Cheers,

Gio
« Last Edit: July 28, 2017, 02:39:54 PM by giofranchi »
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Liberty

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Re: V - Visa
« Reply #52 on: September 28, 2017, 10:41:11 AM »
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Liberty

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Re: V - Visa
« Reply #53 on: October 25, 2017, 05:33:39 AM »
Visa Q3:

http://s1.q4cdn.com/050606653/files/doc_financials/2017/Q4/Visa-Inc.-Q4-and-FY-2017-Financial-Results.pdf

Quote
Fiscal Fourth Quarter:
GAAP net income of $2.1 billion or $0.90 per share
Net operating revenues of $4.9 billion, an increase of 14%, driven by continued growth in payments volume, cross- border volume and processed transactions
Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 10% over the prior year
Cross-border volume growth, on a constant dollar basis, was 10% over the prior year
Total Visa processed transactions increased 13% over the prior year
Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends
Fiscal Full Year:
GAAP 2017 net income of $6.7 billion or $2.80 per share and adjusted full-year net income of $8.3 billion or $3.48 per share
2017 net operating revenues of $18.4 billion, an increase of 22%, driven by inclusion of Visa Europe and continued growth in payments volume, cross-border volume and processed transactions
Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 30% over the prior year, or 11% inclusive of Visa Europe in prior year's results
Cross-border volume growth, on a constant dollar basis, was 80% or 11% inclusive of Visa Europe in prior year's results
Total Visa processed transactions increased 34% over the prior year, or 13% inclusive of Visa Europe in prior year's results
Returned approximately $8.5 billion of capital to shareholders in the form of share repurchases and dividends
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Jerry Capital

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Re: V - Visa
« Reply #54 on: November 16, 2017, 08:43:07 AM »
Love this

Visa as an inflation hedge

"If you look at the last five years, I think our payment volume grew roughly 10% and global there are two drivers of it. One is growth of global nominal GDP. The keyword is nominal because consumer expenditures typically move with nominal GDP and the other was penetration of cash. If you get double-digit growth when you went through probably one of the weakest periods of global nominal GDP growth because not only did we have weak rail growth, but we had almost no inflation. You can imagine how we were growing 10% with actually one engine, which is nominal GDP, not functioning. And the only rail engine that was functioning was penetration of cash."

Weak competitor called cash

"If anything, if you think the future is somewhat better growth, that should help. And I don't see any sign of slowdown in the ability to digitize cash. I think the best sort of description an analyst had coming out of our Investor Day was something like I like Visa because they have weak competitor called cash. I mean, the wonderful thing about this is that governments now have embraced the idea that cash needs to go because it creates corruption, it creates inefficiency. It just doesn't fit their own views of what the future of their countries are. That's a new phenomenon."

https://seekingalpha.com/article/4124989-visas-v-management-presents-ubs-global-technology-conference-transcript?part=single

Liberty

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« Last Edit: February 01, 2018, 01:40:07 PM by Liberty »
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Liberty

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