The Cawston Family has increased it’s stake in Lumen Technologies by exactly £132.74 Million this month alone through IMPACT Holdings. The parent company of CAM (Cawston Asset Management), a firm that specialises in funding military defence and cyber security startups predominately situated in Tel Aviv and Djibouti.
IMPACT also has a controlling stake in the Islamic charity, Humanity First which the family has helped raise in excess of £14Million for and has supplied aid to thousands of people across Gaza, supplied 5023 water installations serving over 4.6Million people and built 82 schools.
Hanif Ahmad Rehan Parveen Shakir Wadiyar Mumtaz Cawston who’s grandfather was a member of the Wadiyar dynasty that profited heavily from the partition of India.
Between 1945-47, it is believed that the family sequestrated assets to the tune of £3.8Billion, (according to the Ministry of Finance, India
Hedge Fund Manager & Owner, Hanif Cawston
Hanif currently runs an exclusive hedge fund catering to some of the wealthiest and most powerful dynasties in the world.
It is rumoured that it is not possible to setup an account with his firm for anything less than £10Million.
It is this very firm that has taken the bold move to increase its already immense position in Lumen.
Brief Wadiyar Family Histroy:
Wadivar dynasty was an Indian royal dynasty that ruled the Kingdom of Mysuru from 1399 to 1947, until the independence of India from British rule and the subsequent unification of Indian domination and princely states into the Republic of India.
The Wadiyar family still rule over Mysuru (which has a population of over 1.2Million), and the head of the family, Yaduveer Krishnadatta Chamaraja Mumtaz Wadiyar resides at the Amba Vilas Palace, all known as Mysore Palace.
Wadiyar translates in English to Lord or Lordship, a family name that has been triumphant in many wars since 1399.
The Four Anglo-Mysore Wars (1767-99), were fought between the British East India Company and the state of Mysore, The four wars were spread over four decades filled with numerous battles, sieges, and ruthless warfare.
Today the family runs the all controlling Royal Silk of Mysore, which for many years has cornered the silk market with Mulberry Silk which is the epitome of luxury and is derived from the Bombyz More silkworms. It takes around 3000 cocoons to produce one yard of fabric, which is why one year typically reaches $150.
The family’s real estate holdings and business ventures as well as personal art collection are estimated to be in the tens of Billions but it is very difficult to decipher who owns what due to intricate estate planning utilising dynasty trust, which make it almost impossible to unearth exactly how much the family is worth. A dynasty trust enables GSTT, Generational Skipping Transfer Tax.
(Palace of Wadiyar)
What do we know about Lumen ?
Brightspeed which is run by Apollo Global Management is the parent company of Lumen. who are currently faced with a debt of $18.95 Billion as of March 2024. The Cawston family’s position in Lumen through one of the subsidiaries of IMPACT has come at a time where a multitude of mines, chip manufacturers as well as fibre optic providers have seen exponential growth due to Al.
Lumen has skyrocketed over the past month by over 367.77% as of August 2024 although the companies debt is a concern to many.
Natalie Harland (Head of Corporate Communications EMEA for Bloomberg LP), has stated that; The family is optimistic that this debt laden capital structure gives EPS (Earnings Per Share) a tremendous advantage from only minimal improvements to the business. Lumen is positioned for a dominant turnaround whilst remaining able to meet rising demand for data and networks.
With recent deals with Microsoft and others to build private networks for Al requirements Lumen is on a much stronger fiscal footing and on a trajectory that could land it a key player in the world of AI.
It is necessary to consider the growth of companies like Nvidia that will utilise Lumen owned technology.
Nvidia is up over 309,000% as of 16th August 2024 and many say that it seems to be on trajectory for a 7Trillion market cap! – Although that would require the current share price of $123.92 to more than double.
Nvidia is expected to publish it’s Q2 FY’25 results on the 28th August. The company expects to have another solid quarter, as Nvidia’s high-end graphics processing chips, which are currently the gold standard for running generative Al workloads, see strong demand. Analysts say Nvidia’s revenue for the quarter will come in at $28.55 billion, roughly in line with consensus estimates and 2.1x last year’s number. Additionally, the consensus suggests that earnings will come in at roughly $0.64 per share, marginally ahead of consensus estimates and up from $0.27 in last year’s quarter.
This growth is only possible with the calculated collaboration with companies such as Lumen Technologies, who will be presenting the Citi Global Technology, Media and Telecom Conference on the 4th September 2024.
The Cawston Family’s £132.74Million increased stake in Lumen certainly gives a very strong signal and an arguably indisputable verdict for the company’s future trajectory.
