Substack
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Everything we have picked from this writer, newest first.
dividends Semapa
Semapa trades at roughly 11x earnings with a 14% free-cash-flow yield, backed by its 70% Navigator stake and €780 million net cash.
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commodities Q2 2026 Portfolio Update
Oil fell from above $100 to about $70 a barrel in Q2 2026 as geopolitical tensions eased, while SpaceX’s record IPO swung from $135 to…
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deep value Soon Lian Holdings Limited
Soon Lian Holdings trades at 4.6x P/E, or 2.7x ex-cash, with S$3.2m net cash and aluminium-processing exposure to semiconductor, marine and…
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europe Vidrala
Vidrala has grown from a Spanish glass-container maker into a multi-country packaging platform with expanding Latin American exposure.
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business models Universal Engeisha
Universal Engeisha is a founder-led Japanese horticulture platform spanning plant rental and maintenance, landscaping, and retail.
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portfolio management Q1 2026 Portfolio Update
Q1 2026 portfolio update reports elevated volatility at the start of the year.
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business models Lion Rock Group Ltd
Lion Rock Group is a founder-led, vertically integrated global book printer and publisher focused on illustrated, educational and specialty…
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asia Baguio Green Group
Baguio Green Group is a family-controlled Hong Kong environmental-services company offering cleaning, landscaping, pest management, waste…
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asset management Q4 2025 Portfolio Update
Q4 2025 portfolio update reviews the manager’s positioning and results heading into 2026.
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consumer Haw Par Corporation Limited
Haw Par combines Tiger Balm’s stable cash flows with property, leisure and healthcare operations plus stakes in UOB and UOL.
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europe Ringmetall SE
Ringmetall SE is a German industrial-packaging specialist supplying clamping rings and liners across Europe, the US, and China.
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asset management Q3 2025 Portfolio Update
Q3 2025 portfolio update.
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europe Caltagirone SpA
Caltagirone SpA.
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portfolio management Q2 2025 Portfolio Update
Q2 2025 portfolio update reports on the quarter’s performance and positioning.
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equities Azkoyen
Azkoyen is the subject.
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asset management Q1 2025 Portfolio Update
Q1 2025 portfolio update reports a strong start to the year.
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equities Toya
Toya.
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portfolio management Q4 2024 Portfolio Update
Q4 2024 portfolio update reports encouraging results since inception.
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consumer Olvi: Playing with the Big Fishes
Olvi competes with much larger beverage companies.
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asset management Q3 2024 Portfolio Update
Q3 2024 portfolio update reports encouraging cumulative returns entering the final quarter.
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