Letters by company
Telekom Austria AG
4 letters discussing TKMAF. Everything written about it on this site is on its ticker page.
- 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
- Palm Harbour Capital Letter 2024 Q2 | 542 KB Palm Harbour Capital maintained a contrarian value stance against megacap AI enthusiasm and pressed SK Kaken to improve capital allocation and investor relations. The fund introduced Piraeus Port Authority as a competitively advantaged, cash-rich port operator nearing the end of its investment programme, with scope for larger dividends. second quarter 0FHO delisted0OIY $1.7BDLTTF delistedGBSMF delisted
- Palm Harbour Capital Q4 2023 Letter Palm Harbour Capital expanded its Japanese basket on expectations that exchange-led capital-allocation reforms will unlock corporate cash and improve shareholder returns. The fund exited C Uyemura, Bayer and several smaller positions, while retaining both Solvay and Syensqo after their separation and adding to OCI amid its asset-sale programme. fourth quarter SOLB $3.2BSYENS $9.6B4966 $2BBAYZF $55B
- Palm Harbour Capital Q3 2023 Letter Palm Harbour Capital sold Avid Technology after its private-equity acquisition and exited Stora Enso over a weaker pulp outlook, while reducing C. Uyemura and Verallia after strength. It backs Telekom Austria’s tower spin-off, OCI’s fertilizer assets and Ocean Wilsons’ strategic review as routes to value realization. third quarter OCWSF delisted0NFS 0R5R 4966 $2B
