Letters by company

Titan Cement International S.A.

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

Alluvial Capital Management Q1 2025 Letter to Limited Partners Alluvial Fund credited its London-listed Zegona Communications and McBride holdings for offsetting a weak small-cap backdrop, while arguing that both remain undervalued. The fund backed cement producers, discounted real estate and office assets, sold Supremex and BankFirst to fund better opportunities, and expects asset sales and portfolio upgrades at Net Lease, Peakstone and CBL to unlock value. First Quarter 2025 BFCC $336MCBL $1.6BGTX $4.8B
Alluvial Capital Management Q4 2024 Letter to Limited Partners Alluvial Fund centers its case on Net Lease Office Properties’ liquidation, expecting debt repayment and property-sale distributions to narrow a large discount to asset value. New holdings Titan Cement and CBL & Associates pair discounted tangible assets with catalysts including a US listing, debt reduction, asset sales and reinvestment in stronger properties. Fourth Quarter 2024 NLOP $162MCBL $1.6BGTX $4.8B