About Cementos, we have Pacasmayos in Peru that I reviewed quite a few times but never pulled the trigger as it does not seem cheap enough or quality enough.
I am not sure about SOTP ideas unless they are clearly defined as a holding company; they never really rerate and trade on earnings multiples so the parts have to produce an equity income, which depends on the accounting method and country of the business.
Not more comments? Just to say Congratulations on the new fund! Wishing you every success! Excuse me for being nostalgic, but it will forever be a regret that I didn't bung you $10k when you started doing SMAs (it doesn't feel that long ago... but is) & be able to share the journey of seeing you become such a distinguished manager (& make some good bucks!). (Though geography/admin was always part of the problem my end).
About Cementos, we have Pacasmayos in Peru that I reviewed quite a few times but never pulled the trigger as it does not seem cheap enough or quality enough.
I am not sure about SOTP ideas unless they are clearly defined as a holding company; they never really rerate and trade on earnings multiples so the parts have to produce an equity income, which depends on the accounting method and country of the business.
Not more comments? Just to say Congratulations on the new fund! Wishing you every success! Excuse me for being nostalgic, but it will forever be a regret that I didn't bung you $10k when you started doing SMAs (it doesn't feel that long ago... but is) & be able to share the journey of seeing you become such a distinguished manager (& make some good bucks!). (Though geography/admin was always part of the problem my end).