Palm Harbour Capital LLP

Description

Palm Harbour Capital LLP is a London based investment manager founded by Peter Smith with the support of Santa Comba Gestión SL, the holding company of renowned Spanish investor Francisco García Paramés. Palm Harbour Capital manages the Cobas Lux SICAV Palm Harbour Global Value Fund. Palm Harbour follows a value philosophy focused on investing in competitively advantaged businesses when they trade at a significant discount to their growing intrinsic value. The investment thus benefits from the compounding value of the company as well as the closing of the discount while protecting on the downside. The team seek companies off the beaten track, often in unloved geographies or industries, or going through some sort of short-term issue or strategic change and takes a longer-term business orientated view. The team believes that patience and deep fundamental research and analysis will lead to exceptional long-term returns. The fund’s objective is to provide superior, absolute, long-term capital appreciation by unconstrained investing in a portfolio of global small and mid-sized companies with an emphasis on Europe.

AI Sector Summary

Palm Harbour Capital is a deep-value, generalist investment manager focused on global small and mid-cap companies, particularly in Europe. They avoid specific vertical constraints, instead targeting unconstrained opportunities where high-quality businesses trade at a significant discount to intrinsic value.

Financials