Archive - Superfluous Value

Telefonica Brasil: Moving On

Long-term readers will know I have held Telefonica Brasil (Vivo) for four years and been loudly bullish on the company at times.

Jun 9 •

March 2025

Buying Ashmore and CKH Update

One of the most frustrating things about writing investment research is when you do good work and the stock goes up, but you forgot the bit about buying…

Mar 8 •

February 2025

2024 Portfolio Review

For calendar year 2024, the Superfluous Value portfolio gained 24.8%, underperforming the MSCI ACWI which rose 28.3% (both in AUD).

Feb 9 •

November 2024

Noteworthy UK Carnage

The UK remains one of my favourite hunting grounds and I’ve written about its challenges ad nauseam over the last few years.

Nov 12, 2024 •

S4 Capital: When Knights Cry

Rules are made to be broken.

Nov 6, 2024 •

August 2024

The Osisko Buy-Out: A Bittersweet Bird in the Hand

One of the unfortunate occurances of value investing are your portfolio companies being taken out too cheaply.

Aug 13, 2024 •

July 2024

H1 2024 Portfolio Review

Full portfolio breakdown and discussion of each position

Jul 1, 2024

May 2024

Hysan Development: Maximum pessimism

Earlier this week I presented Mandarin Oriental as a low risk, special situation way to buy Hong Kong real estate.

May 24, 2024

Mandarin Oriental: Don't Lose Money

I wanted to compile my notes and seek feedback on Mandarin Oriental; a company I own indirectly through Jardine Matheson and an interesting prospect on…

May 20, 2024

March 2024

2023 Portfolio Review

For calendar year 2023, the Superfluous Value portfolio gained 24.9%, modestly outperforming the MSCI ACWI IMI which rose 20.8% (both in AUD).

Mar 26, 2024

Petrobras: They're Panicking Again

I just wanted to share a quick note regarding last week’s sell-off in Petrobras, as my thoughts have deepened over the weekend.

Mar 10, 2024

August 2023

H1 2023 Portfolio Review

For the first half of 2023, the Superfluous Value portfolio gained 10% in AUD, underperforming the MSCI ACWI IMI, which climbed 15.3% (also AUD).

Aug 31, 2023

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