Author Topic: Fairfax stock positions  (Read 43795 times)

petec

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Re: Fairfax stock positions
« Reply #20 on: July 12, 2019, 11:14:22 PM »
Quess just issued 9% of itself to Amazon at 676/share. The stock has been very weak this year and looks very cheap. It closed up 9% on the day at 480.

Also a pro-market won Greece’s general election last week, scoring an absolute majority in Parliament over the incumbent left-wing government.
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wondering

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Re: Fairfax stock positions
« Reply #21 on: July 15, 2019, 06:35:58 AM »
petec, thanks for the continued updates on the FFH investments.  Sometimes, the investments that are outside of North American are harder to follow unless I make a conscious effect.

petec

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Re: Fairfax stock positions
« Reply #22 on: August 22, 2019, 02:50:08 AM »
Is anyone following Thomas Cook? I can't find a recent thread on it but it has halved over the last couple of months and was down 20% yesterday. Seems odd, even with the weakness in Quess.
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wisdom

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Re: Fairfax stock positions
« Reply #23 on: August 22, 2019, 04:34:06 PM »
https://www.thomascook.in/press-release/statement-from-mr.-madhavan-menon-chairman-managing-director-of-thomas-cook-india-ltd./109
This may be a reason. Thomas cook plc going into bankruptcy.

Another Indian company king & Cox is also struggling in the travel industry.

cwericb

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Re: Fairfax stock positions
« Reply #24 on: August 26, 2019, 11:42:30 AM »
Politicians and diapers must be changed often, and for the same reason. - Mark Twain

petec

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Re: Fairfax stock positions
« Reply #25 on: August 27, 2019, 12:35:21 AM »
https://www.thomascook.in/press-release/statement-from-mr.-madhavan-menon-chairman-managing-director-of-thomas-cook-india-ltd./109
This may be a reason. Thomas cook plc going into bankruptcy.

Shouldn't be. The two are unrelated apart from the use of the name. In fact the original TC going bankrupt might give TCIL the chance to buy the rights to use the name in India in perppetuity, which would be good.

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JEast

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Re: Fairfax stock positions
« Reply #27 on: October 18, 2019, 07:50:44 AM »
Sold the last remaining 4.91% stake of ICICI Lombard for a slightly better price than the previous block.

https://www.business-standard.com/article/companies/fairfax-offloads-4-9-stake-in-icici-lombard-for-rs-2-627-crore-119101700048_1.html

bearprowler6

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Re: Fairfax stock positions
« Reply #28 on: October 18, 2019, 08:43:25 AM »
Sold the last remaining 4.91% stake of ICICI Lombard for a slightly better price than the previous block.

https://www.business-standard.com/article/companies/fairfax-offloads-4-9-stake-in-icici-lombard-for-rs-2-627-crore-119101700048_1.html

JEast---any chance the team at Fairfax uses this to buy back their stock at its current levels? It would seem that a lasting benefit to all long suffering shareholders could be attained if the funds from the sale are used in this way?

JEast

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Re: Fairfax stock positions
« Reply #29 on: October 18, 2019, 09:12:21 AM »
Based on the recent short form notice, they have bought 65k since June 30.  Not anything like that have indicated that they would buy though, but with the caveat being that they needed the capital to buy more Brit/Allied.