Letters by company
Vivendi SE
2 letters discussing VVVNF. Everything written about it on this site is on its ticker page.
- Palm Harbour Capital Fund Commentary July 2026 Palm Harbour Global Value Fund benefited from Youngone's activist pressure, Vår Energi's merger with BlueNord, and a rotation toward stable, high-yield businesses that supported Samyung Trading. Vitzrocell faced margin pressure and profit-taking, while FNGuide fell amid a Korean leverage washout. Vivendi declined after a court ruling and weaker UMG subscription growth. July 2026 +2.7% 002810 064850 $135M082920 $997M111770 $2.4B
- 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
