Author Topic: Fairfax 2020  (Read 136570 times)

Viking

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Re: Fairfax 2020
« Reply #590 on: September 16, 2020, 09:25:45 PM »
I updated my tracking document for Fairfax publicly traded equity investments. It is not complete but I think covers the largest holdings. So far in Q3 FFH looks to be up about $425 million. Of this total, $50 million is for mark to market equities, $50 million is for Atlas warrants and $375 million is for Investment in Associates ($200 million of this is Atlas).

Bottom line is market prices of equity investments have continued to improve in the 3rd quarter. The $1 billion deficit for Investment in Associates (fair value versus book value) should continue to shrink in Q3. 

Top 7 individual holdings:
1.) Atlas =       $885 million (outstanding warrants would increase share count from 90 to 115 million)
2.) Eurobank = $537
3.) Commercial International Bank (CIB) = $334
4.) Quess =      $295
5.) Recipe =     $223
6.) Blackberry = $221 (outstanding warrants would increase share count from 46.7 to 101.7 million)
7.) Kennedy Wilson = $209

Fairfax India =  $394 million (Fairfax owns 33.7%)
- see tab 2 in the document below for a summary of Fairfax India individual holdings.

Digit is another holding to keep an eye on. Not currently publicly traded but valued at around $400 million I think.

Interesting to look at the holdings by business segment and country/region. Pretty diversified. 
« Last Edit: September 16, 2020, 09:27:41 PM by Viking »


Xerxes

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Re: Fairfax 2020
« Reply #591 on: September 17, 2020, 05:57:47 AM »
Viking
Of the ones you tagged as associates you won’t see their share price improvement reflected in BK.
Only FFH% portion of their earning gets added to their carrying value (net of dividends received).

The big lot for FFH are the associates and you would never see a big bounce on BK because of that. Only a gradual one as the investees earnings improves and start to stack up   

wondering

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petec

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Re: Fairfax 2020
« Reply #593 on: September 17, 2020, 12:14:57 PM »
How did I not buy Stelco at $4? I looked, saw the value, and bought something else. Clown. Could have made back some of what I lost when Prem bought it for me at $21!
FFH MSFT BRK BAM ATCO LNG IHG TFG

Xerxes

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Re: Fairfax 2020
« Reply #594 on: September 24, 2020, 03:33:23 PM »
interview with John Chen on BNN.
Interesting tidbits on Cylance.

https://www.bnnbloomberg.ca/blackberry-reports-q2-loss-revenue-up-from-year-ago-1.1498768 
« Last Edit: September 24, 2020, 03:36:13 PM by Xerxes »


StubbleJumper

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Re: Fairfax 2020
« Reply #596 on: September 28, 2020, 06:06:00 AM »

Bryggen

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Re: Fairfax 2020
« Reply #597 on: September 28, 2020, 07:24:58 AM »
A good news finally!
https://www.fairfax.ca/news/press-releases/press-release-details/2020/Intention-to-Make-a-Normal-Course-Issuer-Bid-for-Subordinate-Voting-Shares-and-Preferred-Shares/default.aspx


Annual news.  They must file one every year on the off-chance that they wish to repurchase shares.  It's just a formality.

SJ

Thanks for cooling my excitement ;)
So, when and how would they report actual share repurchases?

StubbleJumper

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Re: Fairfax 2020
« Reply #598 on: September 28, 2020, 07:57:02 AM »
A good news finally!
https://www.fairfax.ca/news/press-releases/press-release-details/2020/Intention-to-Make-a-Normal-Course-Issuer-Bid-for-Subordinate-Voting-Shares-and-Preferred-Shares/default.aspx


Annual news.  They must file one every year on the off-chance that they wish to repurchase shares.  It's just a formality.

SJ

Thanks for cooling my excitement ;)
So, when and how would they report actual share repurchases?


FFH usually makes mention of the repurchases in its quarterly financials.  Alternatively, if you don't want to wait until the financials are published, you can look for filings on SEDAR or this site is a good option:  https://www.canadianinsider.com/company-insider-filings?ticker=FFH


SJ

A_Hamilton

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Re: Fairfax 2020
« Reply #599 on: September 28, 2020, 08:50:08 AM »
A good news finally!
https://www.fairfax.ca/news/press-releases/press-release-details/2020/Intention-to-Make-a-Normal-Course-Issuer-Bid-for-Subordinate-Voting-Shares-and-Preferred-Shares/default.aspx


Annual news.  They must file one every year on the off-chance that they wish to repurchase shares.  It's just a formality.

SJ

Thanks for cooling my excitement ;)
So, when and how would they report actual share repurchases?


FFH usually makes mention of the repurchases in its quarterly financials.  Alternatively, if you don't want to wait until the financials are published, you can look for filings on SEDAR or this site is a good option:  https://www.canadianinsider.com/company-insider-filings?ticker=FFH


SJ

Anyone else notice subordinate voting share count is actually up YoY? 27,242,281 at 9/16/2020, 26,067,450 at 9/16/2019.