Letters by company
Telekom Austria AG
6 letters discussing TKMAF. Everything written about it on this site is on its ticker page.
- Palm Harbour Capital Q1 2023 Letter Palm Harbour Capital added a significant Telekom Austria position, sold Premia and tendered Grand Parade after its asset-sale and liquidation thesis played out. The fund argues that bank failures reinforce its avoidance of bank exposure, while Telekom Austria offers defensive cash generation, pricing power and tower spin-off optionality. first quarter of 2023 TKMAF $6.5B0NFS 0OIY $1.5B
- 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 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 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 Q4 2023 Letter Palm Harbour Capital increased its Japanese allocation on expectations that stock-exchange pressure will improve capital allocation and shareholder engagement. The fund exited C Uyemura, Bayer and several other positions, while retaining both Solvay and Syensqo after their separation and building exposure to OCI’s asset-sale-driven value realization. fourth quarter 2023 SHBBF $9.1BSVYSF $2.9B4966 $2.2B
- Palm Harbour Capital Q3 2023 Letter Palm Harbour Capital sold Avid Technology after its private-equity takeover and exited Stora Enso over prolonged pulp-market and Chinese-demand concerns. It backs Telekom Austria's tower spin-off, sees OCI's fertilizer assets as undervalued, trimmed C. Uyemura and Verallia, and identifies Ocean Wilsons as a sum-of-the-parts opportunity amid a strategic review of Wilson Sons. third quarter 2023 0NFS 0R5R 4966 $2.2B
