For calendar year 2023, the Superfluous Value portfolio gained 24.9%, modestly outperforming the MSCI ACWI IMI which rose 20.8% (both in AUD). The Aussie Dollar was flat for the year implying a near identical return in constant currency (USD). Since I began formally tracking my portfolio in Aug 2018, I have gained a cumulative 54%, underperforming the index which has returned 55.4% (both in AUD) by .2% per year.
Thanks, I'm not familiar with it but will check. I only know the Helios name through their merging into Fairfax Africa. I feel a little maxed out on telco exposure though, so am very judicious with it atm.
Its so weird, I am subbed, but didn't get any emails, not in promotions or spam either. Saw this post because of notes. I have noticed this with some of my subs as well, they are subbed but receive less emails than they should (or 0 even).
Really appreciate these posts. They've been very helpful. Have you looked at Helios Towers? Given your EM and Telco exposures, it might be interesting. Trading at 14% steady state FCF yield (after interest expenses). Good business, good management.
Thanks, I'm not familiar with it but will check. I only know the Helios name through their merging into Fairfax Africa. I feel a little maxed out on telco exposure though, so am very judicious with it atm.
Its so weird, I am subbed, but didn't get any emails, not in promotions or spam either. Saw this post because of notes. I have noticed this with some of my subs as well, they are subbed but receive less emails than they should (or 0 even).
Anyway, congrats with the results.
Really appreciate these posts. They've been very helpful. Have you looked at Helios Towers? Given your EM and Telco exposures, it might be interesting. Trading at 14% steady state FCF yield (after interest expenses). Good business, good management.
Great performance! especially given the lack of exposure to the mag 7. Keep up the good work!
What are aproximate valuations of CBD and EXTO currently ?