Epstein Secrets

st 464.26 yen, buying back 376 yen preferred shares • Mitsubishi UFJ net profit slides in last FY but comes in much better than its own outlook • Tencent earnings out 30min ago (O1 net 4.04 billion yuan versus estimate 3.756 yuan) Leading European Sectors: Trav/Les +1.47%, Banks +0.90%, Real Estate +0

, H2 trading inline (trading +5.7%) • GFK O1 net falls 39%, net income deteriorates, adj EPS misses, reiterates 2013 forecasts (trading -0.60%) • Vivendi O1 revs inline, EBITDA weighed by SFR, "very challenging" economic environment (trading -2.3%) • Monte Paschi Q1 net loss better, revs & net intere

selling shareholders & inability to source a locate Historical Private Share =rading 2017: $37.50 to $125 1/1/18 to 2/22/18: $90 to =132.50 (excl Tencent transaction) Some confusion on share =rices as secondary market =rices are currently -55000/share. Everything in =rospectus reflects a 40-to-one sh

A_R1_01645222 EFTA02512458 2017 Revs: $5B & =ositive FCF $133M — 5-6x trailing revs certainly possible, =mplying $25B+ valuation (In our SOTP for Vivendi we have music at 4x sales or €24bn) Ordinary Shares Outstanding: 176,976,280 reported as of =/22/18 Valuation: At high =nd of recent trading, implie

y to source a locate=/span> Historical Private Share Trading</riv> aspan>2017: $37.50 to $125 • * =/span>1/1/18 to 2/22=18: $90 to $132.50 (excl Tencent transaction) Some confusion on s=are prices as secondary market prices are currently -$5000=share. 4=pan>Everything in prospectus reflects a 40-to-

_18> now publicly ava=lable 2017 Revs: $=B & Positive FCF $133M — 5-6x trailing revs certainly possible= implying $25B+ valuation (In our SOTP for Vivendi we ha=e music at 4x sales or €24bn) Ordinary Shares Outstanding:=/b> 176,976,280 reported as of 2/22/18 Valuation: At high end of rece=t trading, im

g shareholders & inability to source a locate Historical Private Share Trading • 2017: $37.50 to $125 • 1/1/18 to 2/22/18: $90 to $132.50 (excl Tencent transaction) Some confusion on share prices as secondary market prices are currently —55000/share. Everything in prospectus reflects a 40-to-one sh

_18> now publicly available 2017 Revs: $58 & Positive FCF $133M — 5-6x trailing revs certainly possible, implying $258+ valuation (In our SOTP for Vivendi we have music at 4x sales or E24bn) Ordinary Shares Outstanding: 176,976,280 reported as of 2/22/18 Valuation: At high end of recent trading, implie