Fairlight Capital
Our archive holds 4 letters from Fairlight Capital, behind 7 investment theses. Every quote below is copied verbatim from the letter it came from.
Fairlight Capital’s own letters pageTheses · 7
- March 2026
Cematrix Corporation is a specialist cellular concrete provider benefiting from U.S. infrastructure remediation demand, strong growth, and an attractive sub-6x EBITDA valuation supported by a large order book.
Read the full thesis - December 2025
Monument Mining Limited is a low-cost gold producer with strong management and optionality, trading at a low enterprise value relative to projected operating cash flow despite a 600% share price rise.
Read the full thesis - December 2025
Shelly Group SE is a fast-growing residential IoT company pivoting into professional channels with strong ecosystem integration, positioning it as a long-term compounder.
Read the full thesis - December 2025
BranchOut Food Inc. is a rapidly scaling, patented vacuum-microwave dried snack producer with national retail partnerships and improving unit economics, trading at a startup-like valuation despite likely near-term profitability.
Read the full thesis - December 2025
Serabi Gold plc is a junior gold miner increasing production with operational improvements and remains undervalued versus projected cash flow even under lower gold price assumptions.
Read the full thesis - December 2025
Logic Instrument S.A. is a niche European rugged-device maker with high certification barriers and entrenched customer relationships, trading at a very low valuation relative to rising revenues and earnings potential.
Read the full thesis - March 2025
Valeura is a promising investment opportunity following its strategic expansion into Thai offshore assets, enhanced operational efficiency, and strong financial metrics, including significant cash flow and a robust reserves replacement ratio.
Read the full thesis
Letter archive · 4
Funds · 3
- Fairlight Capital2
- Fairlight1
- Fairlight Alpha Fund1
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