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Common sense investment opportunities around the world. Free weekly newsletter: … More hard-hitting research at 👇

Joined January 2022
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@uv_shares
Undervalued-Shares.com
19 days
The global hunt is on for Actinium-225, the rare nuclear isotope that could redefine cancer care. Big Pharma is pouring billions into new pharmaceuticals using Ac-225. One company is likely to benefit mightily from it all 👇
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@uv_shares
Undervalued-Shares.com
1 year
Turkey investor trip – what we learned A week ago, a group of 15 intrepid Undervalued Shares readers visited Istanbul. An intense three days of nonstop fact-finding! How did it all go, and what were our key learnings?
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1 year
11 highlights from our dinner with Kuppy For the 99.9% of Undervalued Shares readers who couldn't attend this week's dinner with investment legend Harris "Kuppy" Kupperman in person. Read on for @hkuppy 's (slightly paraphrased) thoughts on…
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2 years
God's fund manager – how the Vatican made billions from stocks Bernardino Nogara is the man who deserves to be credited with the incredible growth of the Vatican's investment portfolio. How did he do it, and what can we learn from his work? An exclusive Christmas special 🎅
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1 year
A powerful and passionate article by @hkuppy - possibly the best piece he has ever written.
@kuppyskorner
Kuppy's Korner
1 year
The Great Macro Dreamscape Part 1
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1 year
Vonovia – a German property bargain? You'd think that buying German residential property at a 66% (!) discount to its market value would be a no-brainer. Is it, though?
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3 years
The 10 worst mistakes of my investment career During my investment career, I've made mistakes that have cost me millions. Here is everything I could have done better, but didn't. Ignore these lessons at your own peril!
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1 year
2/ … an eventual target price for uranium: "I think if it gets to 'escape velocity', which is above USD 65, I genuinely think the price will go to at least a few hundred, potentially a few thousand. … I have never seen a commodity with this kind of deficit."
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2 years
The world's best investors (part 2): Nicholas Roditi – the billionaire phantom "Nick" Roditi is one of the greatest money-makers of all time. He's also one of the most secretive! With not much information out there, what do we know about him, and what can we learn from him?
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1 year
8/ … generating new investment ideas: "We mostly look around and check on what government has done this week that is really stupid. … This creates a lot of opportunity for investing as they don't care about effects that happen beyond the election..."
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11 months
Sark – bidding for the Barclay estate and going public I am preparing a cash bid for the Sark estate currently owned by Alistair Barclay. My company, the Sark Property Company, is also planning an IPO in spring 2025. This is a truly unique investment case.
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5 months
NUAM – the catalyst-rich "secret" new stock exchange Merging the stock exchanges of Chile, Colombia and Peru has created an interesting, little-noticed new stock, Holding Bursátil Regional ("NUAM"). It is dirt cheap. You've read about it here first.
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1 year
10/ … a recommended (training) book: "That would be 'Tomorrow's Gold'. It's by Marc Faber. I just read it again. I read it all the time. It is really the best book there is. ... Just live and breathe this book."
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2 years
Société de la Tour Eiffel – a lesson for idea generation If you sift through the list of all publicly listed French companies, you will inevitably stop when coming across "Société de la Tour Eiffel". Can you really buy a stake in the wrought-iron lattice tower?
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1 year
5/ … the reason behind structural inflation: "All the previous drivers of disinflation are now in reverse. … We could now only grow our way out of our national debt, but Western governments hate economic growth. So, we can only default through debasement and money printing."
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1 year
9/ … his favourite author: "That's definitely Jim Rogers. 'Investment Biker' is the classic that everyone should read first, but his subsequent books are just as entertaining and insightful. I also really like the late Sam Zell."
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1 year
7/ … his investor hero: "I really appreciate Bob Robotti. … Robotti puts a bunch of semi-bankrupt companies together, they get synergies, and that industry goes from ten players to three or four. Margins go up, and the Return on Invested Capital goes crazy."
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3/ … being forced to sell one of his 'core bets': "I'd probably choose the newspapers, because they are probably the least imminent. I genuinely think uranium is imminent. I think offshore is actually happening. My other choice, Florida, is just booming."
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1 year
1/ … when to sell physical uranium holdings: "I am going to sell when the supply and demand go one of two ways: i) the price goes up, then we will sell because I was proven right; ii) a bunch of new mines comes online, and it turns out I was wrong."
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5 months
The Gym Group – 3x upside with this undervalued British small-cap Britain has one of the world's cheapest stock markets. To find the biggest bargains, you now have to dig a little deeper and also take a look at forgotten small- and mid-caps – such as The Gym Group.
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1 year
Internationally-operating yet abnormally cheap UK companies? Look no further than the FTSE 100. JD Sports $JD, Imperial Brands $IMB, BAT $BATS, Unilever $ULVR, ABF $ABF, Relx $REL, Informa $INF... All underperforming their global peers!
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1 year
4/ … investors' biggest blind spots: "I think most people right now don't believe that interest rates can go up. … People have been in this weird ZIRP world for 40 years, where rates are on a trend down, and they just do not understand that we will not return to this world."
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6 months
Hong Kong investor trip – what we learned Two weeks ago, a dozen Undervalued Shares readers visited Hong Kong. An intense two days of nonstop fact-finding! How did it all go, and what were our key learnings?
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1 year
🇭🇺 Hungary investor trip – what we learned A week ago, a dozen Undervalued Shares readers visited Budapest. An intense two days of nonstop fact-finding! How did it all go, and what were our key learnings?
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1 year
A packed house and LOTS of questions for @hkuppy last night! Thanks again for all the questions posted here on Twitter as well. We went through as many as we could, and where possible will answer them as part of tomorrow's Weekly Dispatch.
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1 year
C&C Group – a rather unknown British market leader C&C Group distributes one-third of all drinks in the UK, and owns some of the best known drinks brands. The company is facing an interesting 2024. One of its best-informed shareholders upped their stake by millions of pounds.
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1 year
Distressed assets (part 2): António Batista on the European perspective Caius Capital has never given an interview before, until now. Its founder, António Batista, unpicks the distressed asset and high-yield cycle from a European view. Read on for his (shortened) thoughts on...
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1 year
The 10 worst mistakes of my investment career During my investment career, I've made mistakes that have cost me millions. Here is everything I could have done better, but didn't. Ignore these lessons at your own peril!
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Undervalued-Shares.com
1 year
30 years ago, Americans on average earned 24% more than someone working in Western Europe. Today, the gap is 30%. A truck driver in the Mid-West may well earn more than a doctor in Portugal!
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2 months
Ingles Markets – land reserves understated by 21x? Forensic research by analyst Gwen Hofmeyr reveals that regional US supermarket chain Ingles Markets owns far more real estate than disclosed to shareholders. If you thought markets are efficient, you might have to think again.
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Undervalued-Shares.com
7 months
Signature Bank – why the 36,000% rise in 7 months? Between October and December 2023, the share price of Signature Bank $SBNY rose from just 1 cent to USD 1.60. The stock then soared to USD 3.60, and currently trades at USD 3.30. A fascinating case that may have further to run.
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3 years
Ukrainian agriculture stocks – land for 15 dollars an acre? Are Ukrainian agriculture companies the ultimate crisis bargain? Here are six candidates that anyone can buy shares of, even now.
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1 year
6/ … investing his own money over a hedge fund: "I'd probably be more concentrated on the stuff I really love. I feel like we spend about 90% of our energy on 20% of the portfolio. However, as a fund, you simply cannot own just five stocks. Even if they really are the best."
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Undervalued-Shares.com
5 months
10k followers, wow! 🎉 Chuffed to have made it this far and hoping that you enjoy following Undervalued Shares. There've been quite a few new followers recently (welcome 👋🏻 ) so here's a quick overview of what this service is all about.
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2 years
EdiliziAcrobatica: Italy's money-printing rope acrobats If you've found us via @hkuppy , here is an example of the sort of investment idea that made him recommend you follow this account. Buckle up for one of the most unusual equity stories you will have heard about in a while!
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2 years
Credit Suisse: moment of maximum pessimism? @CreditSuisse is one of the most hated stocks in Europe right now. Since 2008, it has shed an unbelievable 96% of its value. Has the market overreacted, and is $CS stock in for a recovery?
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1 year
If you believe in value to outperform over the coming years (with "value" being both abnormally cheap and very oversold), add the UK to your list. As @CreditSuisse just pointed out, the UK is among the cheapest markets in the world right now 👇
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1 year
Distressed assets (part 1): Rebecca Pacholder predicts new super-cycle Distressed debt is not an asset class that private investors should ignore. Rebecca Pacholder, founder of Snowcat Capital, kicks off this new series to dig deeper. Read on for her (shortened) thoughts on…
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1 year
11/ … what he likes best about our industry: "Our industry is truly fascinating. There are simply so many ways how to go about it! You can choose your own idol or create your own adventure."
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11 months
Ideas for British stocks in 2024 2023 has been another extraordinary year for takeovers in Britain, with 35 bids so far made for companies worth over GBP 100m. As in previous years, many bids had unusually high bid premia, often in excess of 40% above the current share price.
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11 months
Hepsiburada – is Turkey's "Amazon" a turnaround play? @hepsiburada $HEPS has 12m active customers in Turkey, a country with major e-commerce growth potential. The company's market cap is just USD 430m. At first sight, it looks like an incredible bargain. Is it, though?
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1 year
Sark – a small island with huge potential I am working to buy real estate for around GBP 100m, put an investment plan in place for sympathetic refurbishment and development, and IPO the resulting company. The underlying investment case will be truly unique.
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2 years
250th Weekly Dispatch – celebrating my readers 250 Weekly Dispatches since September 2018, phew 😅 A true milestone and a good moment to take a quick breather and focus on the factor without which Undervalued Shares wouldn't exist.
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10 months
4/ 11 highlights from our dinner with Kuppy 40 Undervalued Shares readers got together for a Q&A session with investment legend @hkuppy . What did we learn from him?
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1 year
Russian ADRs and GDRs – what's next? Following the EU and US sanctions, is there a glimmer of hope for owners of depository receipts of Russian companies? If you are affected by this issue, today's Weekly Dispatch is a must-read.
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28 days
Alico – a land giant hiding in plain sight Nasdaq-listed @AlicoInc sprung from a pioneering railroad company. It owns an unbelievably large amount of reserve land in Florida. Is $ALCO a proxy to benefit from migration pushing into the Sunshine State?
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2 years
"The Art of Execution": how to manage your own portfolio Some of the world's best fund managers pick the wrong stock 70% of the time, yet they still make billions for their backers. How is this possible, and what can we learn? "The Art of Execution" explains it all.
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2 years
The Lottery Corporation – a unique asset Owning a lottery is akin to owning a money printing license. Thanks to a little-noticed spin-off, you can now buy into @thelotteryco $TLC.AX, a pure-play lottery company in Australia.
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1 year
Bains Mer Monaco (SBM) – Europe's only real estate stock trading at a record high @MonteCarloSBM $BAIN owns swathes of Monaco, and its portfolio of unique assets keeps delivering for investors. Will the stock continue to defy gravity, and could there be further gains to come?
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4 months
Ukraine reconstruction – which stocks will benefit? Hardly any investor is currently betting on a peace deal between Russia and Ukraine. Could it happen, though? No one knows for sure. But it's an interesting intellectual exercise to ask which stocks would benefit.
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5 months
26 "weird shit" investing ideas Crisis investing? Banned investments? Unusual financing structures? Niche alternative assets? Niche, exotic markets? Very complex investment cases? "Weird Shit Investing 2024 – The Manual" covers it all.
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2 years
Readers meet readers – and everyone gets new ideas Over the past three months, I hosted several dinner discussions for readers and professional contacts in London. Here are four specific ideas resulting from these discussions – three stock picks and one emerging secular trend.
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1 year
Scandinavian Tobacco – a comeback for cigars? Are we about to see "the end of a decade of wellness mania"? If so, Scandinavian Tobacco Group – producer of 4bn (!) cigars per year – would stand to benefit. The little-known Danish stock is quite an interesting investment!
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1 year
Pick  @hkuppy 's brain from afar! You might not meet "Kuppy" in person next week (our dinner sold out quickly), but you don't need to miss out. Fire away any questions on here! We'll make them part of our discussion, and share the answers post-event.
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6 months
Olive oil – how to invest in 'liquid gold' Oil made from olives is one of the world's oldest commodities. Of late, it has made headlines for its surging value. Is there a way for private investors to make money out of this situation?
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7 months
How to run a concentrated, global value investing portfolio – by Isaac Schwartz New York-based portfolio manager Isaac Schwartz is passionate about global, unconstrained, and value-focused investing. With a career spanning two decades, what can we learn from him?
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11 months
ALK-Abelló – Denmark's next pharma highflyer? ALK-Abelló is the global market leader for allergy immunotherapies. Allergies are a 500m patient market, but only 1% of patients are using immunotherapies. If or when that changes, ALK-Abelló will likely lead the market.
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1 year
Why I set up a fund management firm "Why don't you manage a fund?" is a question I have heard from readers at least 100 times. I am going to do something even better! My plans have been three years in the making, and I am excited to share the news.
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2 years
OTC Markets Group – more than just an interesting stock Everyone has heard of the OTC market for trading stocks and other securities in the US. Did you know, though, that this is also a company that you can buy and sell stock in? A primer on @OTCMarkets $OTCM.
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1 year
2/ MLP Care / MLP Saglik Hizmetleri is Turkey's largest private hospital group. @mlpcare has an asset-light model, low treatment costs, and a fast break-even for new hospitals. With private care only comprising 25% of Turkey's healthcare sector, $MPARK should have room to grow.
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4 months
Denmark investor trip – what we learned In late May, a dozen Undervalued Shares readers visited Copenhagen. An intense two days of nonstop fact-finding! How did it all go? What were our key learnings, and which of the companies we visited did we like most?
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2 years
Lebanon's distressed debt opportunity Lebanon's recent economic collapse has few equals in history. Is this a place you – or anyone else – should invest in? Hovering up the country's distressed bonds could be well worth it.
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1 year
Piaggio & C. SpA – time to saddle up? Europe is the envy of the world when it comes to luxury goods. A European brand lesser known for luxury is @Piaggio_Group , producer of the world-famous Vespa. This could change, though. What makes $PIA an interesting long-term investment?
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2 months
Actual footage leaked from last night's get-together with @hkuppy and another 30 London renegades 🤫
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1 year
Oil and gas stocks are among the cheapest in the world, and they produce massive amounts of cash for their shareholders. There could soon be a violent rally of these undervalued stocks – such as this one 👇
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1 year
3/ @Akbank is one of Turkey's largest banks. Despite a 44% p.a. inflation rate, $AKBNK seems to thrive, with a recent inflation-adjusted return on equity in the high single digits. The stock is trading for a p/e of between 1-2 (see table) or 3-4 (more conservative estimate).
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1 year
Super excited to have secured investment legend @hkuppy for an evening this summer! Join us for dinner on 26 July in London - bookings open to all from 16 June (first come, first served). Details here 👇
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Undervalued-Shares.com
1 year
Undervalued Shares investor trip to Istanbul - 2 days of visiting leading Turkish companies, together with 15 fund managers and professional investors from the UK, Channel Islands, Netherlands, Germany, Austria, and the US. Some invaluable insights, and great hosts 🇹🇷
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1 year
Playboy Group – the world's cheapest global brand? @Playboy , one of the world's leading brands associated with sex, is actually a publicly listed company – who knew? Since April 2021, $PLBY stock has lost a staggering 97%. A multi-billion brand at a bargain price?
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1 year
When the Société des Bains de Mer (SBM) $BAIN purchased 100,000 sqm of prime land in Monaco in 1863, it cost the company the equivalent of a dinner for 12. The start of a property empire like no other!
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1 year
4/ Mavi Giyim Sanayi Ve Ticaret is the #1 jeans brand in Turkey. @mavi has evolved from a manufacturer for other brands into a successful, modern retailer, which helped increase its margins significantly. With 85n consumers in Turkey alone, $MAVI is an interesting play.
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2 months
Don’t forget to join Swen and @hkuppy tonight at 4.15pm EST / 10.15pm CET for a 2h online discussion and Q&A. The new mega trend of the 0.1% refugee crisis, investment ideas, and fun banter. 1,600 investors are already signed up! Register for free 👇
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10 months
British stocks in the FTSE-100 and FTSE-250 are back to trading at levels almost as low as during the 2020 sell-off. Financial investors have long seen British brands as more valuable than others. Who can resist the likes of Bond, Burberry, or Bentley?
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3 years
FranklinCovey - an undervalued gem of a subscription business? Following its switch to a subscription-based operating model, @franklincovey has a huge growth runway in corporate training. Its stock also has further to run.
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10 months
Hilton Worldwide – will 'Spark' spark the share in 2024? The world's best-known hotel chain runs 7,400 hotels with 1.2m rooms – and it aims to grow yet bigger! Current plans include new hotels worth USD 50bn – with Hilton only contributing USD 350m. How is that even possible?
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2 years
✅ ≈15% dividend yield expected for 2023. ✅ Stock buybacks at a rate of >10% the daily trading volume. ✅ Highest free cash flow yield in its peer group. Meet @Glencore $GLEN.L, the global commodities firm set to benefit from an ongoing re-rating 👇
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2 years
European bank stocks – a surprise winner of higher interest rates Large-cap European bank stocks have been out of favour for 14 years. Is now the time to take a closer look again?
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10 months
Compared to US stocks, British stocks have never been cheaper – and they keep getting picked up from across the pond. A British firm at a compelling price will rouse American interest. "The Channel is wider than the Atlantic", as the saying goes!
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1 year
Distressed assets (part 3): The unique opportunity of Latin America Latin America is almost a byword for debt crises – but it makes for a compelling investment environment for anyone who likes distressed assets. Some surprising metrics that investors should pay attention to.
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9 months
Tadawul – the booming Saudi Arabian stock exchange In 2023, Saudi stocks gained an average of 14%. Tadawul is not only the national stock exchange but also a publicly listed company. Judging from its chart, its stock price is about to embark to higher ground.
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1 year
Allegro – a new cycle for the Polish e-commerce giant? In October, Poland was the world's best-performing equity market. Polish equities seem to have a positive outlook post-election. Which stocks are worth a closer look? Time to check in on Allegro, Poland's reply to Amazon.
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2 years
Curious what an Undervalued Shares research report looks like? Try out this free sample! Undervalued Shares Members get 10 such in-depth reports every year. At just USD 49/year, they are insanely good value, and readers love them! Take a look 👇
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1 year
USA – the unstoppable juggernaut? Over the past 30 years, the US stock market has vastly outperformed the rest of the world. How is the country's apparent decline going to affect the valuation and performance of US stocks? Is there even a crisis and a decline?
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1 year
End/ Event – Dinner with Kuppy 1 investment legend, 40 Undervalued Shares readers and 11 insights on the latest investment trends and ideas – an exciting and memorable evening with @hkuppy .
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1 year
1/ What are the Turkish companies worth taking a closer look? Our visit entailed meetings with publicly listed companies across a range of industries. The personal presentations by C-suite executives proved hugely informative!
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21 days
Radium – the rare metal worth 120,000x the price of gold Radium is needed to produce "the world's rarest drug", and it could single-handedly transform the treatment of cancer. Big Pharma is on a quest to find as much as it can get hold of – but there is very little of it!
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Undervalued-Shares.com
2 years
This week marks Undervalued Shares' first Twitter anniversary 🎉 There've been quite a few new followers recently (welcome 👋 ) so here's a quick overview of what this service is all about.
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1 year
A second opportunity at SNP? German software company SNP Schneider Neureither & Partner got hit badly after the tragic, unexpected death of its founder in November 2020. Its stock price has just started to move, though – and it is probably worth a closer look yet again.
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Undervalued-Shares.com
2 years
Microstates, private cities, new countries – an emerging investment theme? Successful microstates such as Monaco, Singapore or Liechtenstein are complemented by efforts to establish private cities and even new countries. What might be the biggest attraction to investors?
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@uv_shares
Undervalued-Shares.com
11 months
Nigeria – betting on Africa's Milei? Since his election in March 2023, Nigeria's new president, Bola Tinubu, has moved faster than anyone expected. Given the dramatic reforms underway, could the Nigerian market be approaching an inflection point?
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@uv_shares
Undervalued-Shares.com
1 year
Fully booked! Our dinner with investment legend @hkuppy on 26 July sold out quickly - no surprise there! If you missed out this time, stay tuned for similar upcoming events (and don't forget: as a Lifetime Member, you always get priority booking...).
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@uv_shares
Undervalued-Shares.com
1 year
Venezuelan distressed assets rally – is Argentina next? Canadian companies Rusoro Mining $RML and Gold Reserve Inc. $GDRZF, $GRZ both own financial claims against Venezuela – and their share prices just shot up. What happened? Is there more to come, and where?
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@uv_shares
Undervalued-Shares.com
1 year
5/ ÜNLÜ & Co. is Turkey's leading provider of investment advisory and asset management products. @unlucocould benefit significantly if or when foreign money returns to Turkey in force. @pia_piri , its trading app for Turkish investors, could become a game changer for $UNLU.
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@uv_shares
Undervalued-Shares.com
1 year
9/ Sabancı Holding is one of Turkey's leading holding companies. Despite growing its US dollar-based NAV over the past years, @SabanciHolding $SAHOL stock is currently trading at a material discount to its historical p/e multiples.
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@uv_shares
Undervalued-Shares.com
8 months
Block – an easy double thanks to America's underbanked? The lagging digitisation of banking services in the US provides a tremendous long-term opportunity for digital payment providers such as Block. Down 70% from its 2021 high, the company's stock could soon start to recover.
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@uv_shares
Undervalued-Shares.com
5 months
Yoma Strategic – betting on peace in Myanmar Myanmar's internal conflict has made it one of the world's "forgotten wars". Yoma Strategic Holdings is an easy play on Myanmar. Its stock has doubled over the past two months but remains way off its pre-war high.
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@uv_shares
Undervalued-Shares.com
1 year
🇬🇪 Will Georgia's EU membership candidate status bring further investment gains? By year-end, a decision is expected as to whether #Georgia will become an official candidate for European Union membership. A closer look at the country's unique and complicated circumstances.
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@uv_shares
Undervalued-Shares.com
2 years
March 2023 in review Even with one hour lost, March turned out to be a good month: 👉 5 Weekly Dispatches 👉 2 in-depth research reports Here's a quick overview of what you might have missed.
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@uv_shares
Undervalued-Shares.com
2 years
📈 Latest stock pick out now 📈 @Glencore PLC $GLEN.L is one of the world's largest commodities companies – and one of the most successful. It's also at the forefront to benefit from the new secular opportunity that is currently arising in copper.
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