Letters by company
Piraeus Port Authority S.A.
5 letters discussing 0FHO. Everything written about it on this site is on its ticker page.
- Palm Harbour Capital Q2 2024 Letter Piraeus Port Authority anchors a contrarian portfolio case for competitively advantaged assets completing investment programmes while retaining substantial cash and scope for higher dividends. Palm Harbour argues that extreme megacap and AI enthusiasm has widened the opportunity in international value and small caps, while pressing SK Kaken to improve capital allocation. second quarter 2024 0OIY $1.5BGHTI LNA $289M
- Palm Harbour Capital Letter 2025 Q2 | 263 KB Palm Harbour Capital criticised Ocean Wilson’s proposed merger into Hansa as a transfer of value from minority shareholders and retained its view that Dalata was sold below the value of its hotel assets. The fund added Cuckoo Holdings, citing its Korean appliance franchises, rental-business stake and discounted holding-company valuation. second quarter 2025 0NFS 284740 $408MIBST $429M
- Palm Harbour Capital Letter 2025 Q1 | 284 KB Palm Harbour Capital argues that tariff-driven selling has created opportunities in overlooked global small caps with limited direct US trade exposure. It discusses corporate actions at Verallia, Aichi and Ocean Wilson, reviews contributors and detractors, and introduces Sun International as a cash-generative South African gaming and resorts investment. first quarter 2025 DNIYY $4BENOG $1.7BFCODF $4.7B
- Palm Harbour Capital Q4 2024 Letter Palm Harbour Capital bought Compagnie de l’Odet, arguing that its cross-holding structure obscures asset value and that Bolloré family simplification could unlock it. The fund sold H&T, OVS and DNO, while warning that political disruption, tariffs and speculative US valuations may raise the cost of risk. Q4 2024 FCODF $4.7B0NFS BOIVF $12B
- Palm Harbour Capital Letter 2024 Q1 Palm Harbour Capital bought Piraeus Port Authority, citing its cash generation, capacity expansion and recovery potential as trade routes normalize. The fund argues that IGT’s Everi merger creates additional risks but retains substantial value potential, while maintaining conviction in several discounted cash-rich holdings. Q1 2024 GHTI 0NV0 9824 $910M
