Letters by company
Compagnie de l'Odet
7 letters discussing FCODF. Everything written about it on this site is on its ticker page.
- 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
- Quercus Fund 2026 Second Letter to Shareholders Quercus Fund retained Sanjiang Chemicals as its largest holding, arguing that feedstock flexibility, MTBE expansion and ethane logistics have strengthened its cost position despite erratic trading. It sold Compagnie de l’Odet and Braskem Idesa bonds for better-priced opportunities, then bought First Philippine Holdings and Lopez Holdings for their discounted control of Philippine power assets and Meralco stake. 2026 (Jan-Aug) FCODF $4.7B
- Palm Harbour Capital Q1 2026 Letter Palm Harbour Capital sold Solvay and Magnum’s, reallocating capital to a Portuguese logistics business and a Korean eyecare company. It argues that Odet’s control structure and Bolloré dividend could enable further consolidation, and makes the case for Cirsa’s regulated gaming franchises, online expansion and acquisition-led growth. first quarter 2026 CIRSA $3.4B082920 $961M0NFS
- Highwood Value Partners Highwood Value Partners H2 2025 Letter to Investors – Download PDF Highwood Value Partners sold Protector, Ryanair and Alimak after their valuation cases matured, then redeployed capital into discounted existing holdings. The portfolio is concentrated around Burford, Borr Drilling, GetBusy, Fever-Tree, Bolloré and Compagnie de L’Odet, where improving fundamentals and corporate catalysts are expected to narrow valuation discounts. second half of 2025 0R8W BOIVF $12BBORR $1.4B
- 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
- East 72 Quarterly Report #14: Period to 30 June 2026 Dynasty Trust added Wise Group after its post-listing selloff, arguing that its cross-border payments model, customer-balance growth and bank-disintermediation potential are underappreciated. The portfolio retains travel exposures and presents EVT Limited as an asset-rich hotel, cinema, property and ski-resort business whose hotel platform is central to closing its valuation discount. PERIOD TO 30 JUNE 2026 AVOL $7.2BWSE $14B
- GreenWood Investors First Half 2024 Letter GreenWood Investors centered its coinvestment work on Leonardo, MEI Pharma and CTT, emphasizing board-level engagement, capital allocation and operational transformation. It added to Rentokil and Compagnie de L’Odet amid election-driven volatility, while seeking further collaborative governance opportunities with owner-minded managers. First Half 2024 CTTOF $840M0JW9 FINMF $30B
