Letters by company

H&T Group plc

2 letters discussing HAT. Everything written about it on this site is on its ticker page.

Palm Harbour Capital Letter 2024 Q1 Palm Harbour Capital purchased Piraeus Port Authority, citing its cash generation, balance sheet and capacity expansion, while selling two undisclosed positions after operational problems worsened. The portfolio case centers on discounts at Ocean Wilsons, Japanese cash-rich companies and International Games Technology, where a planned Everi merger is expected to separate the lottery business despite added execution and concession risks. first quarter GHTI 0FHO delisted0NV0 0ONR delisted
Palm Harbour Capital Q4 2024 Letter Palm Harbour Capital added Compagnie de l’Odet, a Spanish copper miner and a Korean rice-cooker maker, while exiting H&T, OVS and DNO. The portfolio argues that Odet’s convoluted Bolloré cross-holding structure materially understates its underlying assets and that simplification could unlock value, while warning that US speculation and fiscal-policy risk have raised the cost of risk. fourth quarter FCODF $6.5B0FHO delisted0NFS BOIVF $12B