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Palm Harbour Capital

Dec 2024 → Mar 2026 · Publishes quarterly

Our archive holds 6 letters from Palm Harbour Capital, behind 6 investment theses. Every quote below is copied verbatim from the letter it came from.

Palm Harbour Capital’s own letters page
6
Letters
0
Companies
0
Moves
6
Theses

Theses · 6

  • Cirsa Enterprises is a leading omni-channel gaming operator with dominant positions, high barriers in regulated markets, and a mid-teens FCF yield supported by online growth and M&A.

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  • Converge ICT is a fast-growing Philippine fiber broadband operator with low penetration tailwinds, capex normalization, strong FCF, and potential regulatory-driven upside.

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  • September 2025

    Youngone is a prominent South Korean apparel OEM with strong global brand relationships and a growing premium bicycle division, currently navigating inventory challenges and leveraging strategic improvements for enhanced shareholder value.

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  • Cuckoo Holdings is a South Korea-based holding company primarily focused on home appliances, boasting a dominant market share in pressure rice cookers and a growing rental business for essential home equipment.

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  • Sun is a high-cash-flow, omni-channel gaming leader in South Africa—trading at <7x earnings and >10% yield, with M&A optionality and digital growth that could double the stock.

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  • December 2024

    Bolloré SE is a holding company with diverse stakes in major entities including UMG, Canal+, Louis Hachette, Havas, and a €6 billion cash reserve, operating under a complex ownership structure that results in significant share discounts.

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Letter archive · 6

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