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Speaker 1: This is OpenAL Flux.

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Speaker 2: I'm Brett and I'm Justin and it's Monday, the twenty

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Speaker 2: fifth of November.

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Speaker 1: Does it, boy? Get this one? Superannuation consultant chant West.

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Speaker 1: They're estimating the medium Investment Growth funds is up about

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Speaker 1: ten point three percent in the calendar year today and

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Speaker 1: does a boy on a one hundred thousand dollars super fund?

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Speaker 1: This could mean more than ten thousand bucks in just

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Speaker 1: this calendar year.

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Speaker 2: Not bad, not bad at all. A man, I take

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Speaker 2: something that's even bigger than now. Every Black Friday, Ozsies

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Speaker 2: dropped a massive six point four billion dollars on supposed deals,

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Speaker 2: but they often end up.

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Speaker 3: Stashed in the back cupboard.

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Speaker 2: So this year, Flux is running an anti Black Friday campaign.

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Speaker 2: Until Black Friday, we are offering fifty percent off an

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Speaker 2: annual Flux Pro subscription. So instead of buying stuff that

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Speaker 2: lasts as long as a TikTok trend, invest in yourself

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Speaker 2: for long term with Flux Pro. To make sure to

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Speaker 2: download the Flux out and get fifty percent off right

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Speaker 2: about now.

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Speaker 1: Three bargain basement stories today, Juzzy boy, let's do it

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Speaker 1: for our first Levisa the Fast Fashioned jewelry chain has

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Speaker 1: seen its revenue growth slow down to less than half

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Speaker 1: of investor expectations.

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Speaker 2: Levisa the bling that's here for a good time, not

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Speaker 2: a long time, So tell me all well.

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Speaker 1: Juzyboit. Lavisa started back in twenty ten as a fast

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Speaker 1: fashioned jewelry.

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Speaker 3: Chain like h and M or like Zara.

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Speaker 2: For retail, Levisa focuses on releasing hundreds of new styles

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Speaker 2: of jewelry every single week, and over the past fourteen years,

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Speaker 2: it's grown quickly to operate nine hundred and twenty seven

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Speaker 2: stores in almost fifty countries now. Josey boit Lavisa has

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Speaker 2: been a pretty major retailing success so far, it's share

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Speaker 2: price jumping more than eleven hundred percent since its IPO.

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Speaker 2: But be man at Levisa has just released some results

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Speaker 2: for the first twenty weeks of the financial year.

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Speaker 1: Yep La, Visa's total sales increased ten percent over the

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Speaker 1: first twenty weeks of the financial year.

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Speaker 3: Sounds pretty good.

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Speaker 1: Hold it right there, Juzy boy, before you get too excited,

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Speaker 1: because when you look at same store sales over the

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Speaker 1: same period, they were up only one percent.

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Speaker 2: Seems like the shine might be wearing off of Lavisa's

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Speaker 2: fake three carrot divers.

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Speaker 1: Yep jugiboit the growth that the market had hoped for, and.

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Speaker 2: Be Man Levisa reckons the cost of living increases means

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Speaker 2: there's less discretionary income to spend on things like jewelry.

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Speaker 2: The last about four seconds interesting, So what's the key

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Speaker 2: learning here? Same store sales is the revenue generated by

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Speaker 2: a company's existing retail outlets over a certain period of time,

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Speaker 2: and it excludes any income from news stores open during

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Speaker 2: that period. Now, b Man, this metric is pretty crucial

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Speaker 2: for investors, especially in a company like le Visa that's

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Speaker 2: expanding rapidly in its store out In fact, the Visa

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Speaker 2: opened twenty seven stores during the first twenty weeks of

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Speaker 2: the financial year, including if you don't mind, in the

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Speaker 2: Ivory Coast, the Republic of Congo and Panama and be Man.

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Speaker 3: They actually plan to roll out forty eight stores by

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Speaker 3: the end of the year.

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Speaker 1: So the same store sales number will show a more

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Speaker 1: accurate level of the true organic growth and true consumer demand,

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Speaker 1: and that means investors can see whether growth is driven

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Speaker 1: by a growing market share.

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Speaker 2: Or just because of the expanding number of stores. For

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Speaker 2: our second story, HarperCollins has become the first major book

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Speaker 2: publisher to allow an AI model to train off its books.

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Speaker 1: Talk about handing over your livecard, jazy boy, HarperCollins writing

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Speaker 1: its own eulogy. That's what I'm thinking to tell me more.

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Speaker 2: Okay, So HarperCollins is the British American publishing company. It's

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Speaker 2: been writ in some form since eighteen seventeen.

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Speaker 1: It's the brains and the pages behind classics like The

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Speaker 1: Lord of the Rings and The Alchemist and be Man.

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Speaker 2: It's grown to become the second largest consumer book publisher

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Speaker 2: in the whole wide world. Now, jose it wait so

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Speaker 2: far HarperCollins, alongside the other big publishers like Penguin, Random

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Speaker 2: House and Simon and Schuster, they have been like Gandalf

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Speaker 2: yelling you shall not pass to AI companies. Yep, we

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Speaker 2: ain't selling our books to you because you could learn

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Speaker 2: and train from them and.

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Speaker 1: The next best selling author could become chatty.

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Speaker 2: G But now b Man, HarperCollins has become the first

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Speaker 2: member of the Big five publishers to invite AI into

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Speaker 2: their library.

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Speaker 3: Yep.

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Speaker 1: HarperCollins has reportedly signed a deal with Microsoft to help

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Speaker 1: train its AI.

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Speaker 2: Basically, they'll give Microsoft access and permission to its non

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Speaker 2: fiction catalog for Microsoft to Trader.

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Speaker 1: And this would be split between the publisher and the

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Speaker 1: author as shared revenue and royalty streams. So what is

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Speaker 1: the key learning here when in doubt hedger bets and

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Speaker 1: your intellectual property.

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Speaker 3: Man.

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Speaker 2: We know that many AI companies have been training their

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Speaker 2: models on copyrighted material without asking permission or paying for it.

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Speaker 2: This has landed them in hot water with everyone from

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Speaker 2: publishers to comedians.

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Speaker 3: Think New York Times sewing Open ai.

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Speaker 1: Or comedian Sarah Silverman suing Open Ai and Meta.

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Speaker 2: So now b man AI companies are trying to avoid

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Speaker 2: legal fallout by coming to arrangements with publishers and comedians

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Speaker 2: and authors.

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Speaker 1: And for publishers it's a game of survival.

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Speaker 2: Yeah, they're hedging their bets just in case the judge's

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Speaker 2: decision goes against.

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Speaker 1: Them and jaboy. That's why we've recently seen deals between

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Speaker 1: Uscorp and Open Ai for two hundred and fifty million

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Speaker 1: US dollars over five years.

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Speaker 3: And we can expect plenty more to come.

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Speaker 1: For our third and final story, Amcre, the Aussie packaging giant,

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Speaker 1: has announced a mega acquisition of Berry Group, which will

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Speaker 1: create the largest consumer packaging business in the universe, the.

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Speaker 3: Old packaging bans be Man.

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Speaker 2: Not exactly Front page glam, but definitely the big bucks.

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Speaker 1: So let's unpack this one, nice juzzy boy. Am course

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Speaker 1: started as a humble little paper mill in Melbourne in

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Speaker 1: the eighteen sixties.

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Speaker 2: Yeah, but Amcore's grown to over forty one thousand employees

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Speaker 2: in forty countries and juzyboy. It first listed on the ASX,

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Speaker 2: but shifted its primary listening to the New York Stock

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Speaker 2: Exchange in twenty nineteen. That was after it acquired a

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Speaker 2: packaging business called Bems, which already listed there. But now

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Speaker 2: amcor has acquired another packaging business called Berry Group, and

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Speaker 2: that means they'll have more than seventy five thousand employees

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Speaker 2: across the world.

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Speaker 1: Now will make Amcre the undisputed heavyweight champ of consumer packaging.

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Speaker 3: Okay, be Man, talk me through the numbers. How much

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Speaker 3: should they pay?

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Speaker 1: Well, the acquisition technically values Berry Group at eight point

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Speaker 1: four billion US dollars if you don't mind, but.

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Speaker 3: I feel like there's a butt coming But juzy.

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Speaker 1: Boy, there won't be any cash changing hands because it's

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Speaker 1: an all script deal.

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Speaker 3: Your personal favorite. So what is The key learning here.

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Speaker 1: An all script deal is when shareholders of the acquired

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Speaker 1: company receive stock in the acquiring company instead of cash.

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Speaker 3: Yeah.

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Speaker 2: As part of this mega deal, am Core shareholders will

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Speaker 2: now own sixty three percent of the combined business.

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Speaker 1: And Berry shareholders will own thirty seven percent of the

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Speaker 1: Amcore Bury business and be man. The idea of an

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Speaker 1: all script approach is that it aligns the interest of

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Speaker 1: both company shareholders yep, because the success of the new

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Speaker 1: combined entity directly impacts both of their investments. There Man

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Speaker 1: I must say Amcor has a bit of a habit

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Speaker 1: of using all script deals as a way to acquire

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Speaker 1: large companies without fronting huge amounts of cash yep. In

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Speaker 1: twenty nineteen, they acquired Bemus Group for six point eight

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Speaker 1: billion using a similar.

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Speaker 2: Structure and now be maned with the Bearer Group merger.

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Speaker 2: Am Core is once again using this strategy to try

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Speaker 2: and dominate the US markets flux AMM there is only

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Speaker 1: Thanks for listening and we'll see you on Wednesday.