FundManagerZech @FundManagerZech: "📉 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 – 𝟭𝟬..."

Australia

📉 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝗨𝗽𝗱𝗮𝘁𝗲 – 𝟭𝟬 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟱 Since my last video on Monday, we’ve started deploying capital again. While we didn’t catch the exact bottom (and it may still be falling), 𝗜 𝗿𝗲𝗺𝗮𝗶𝗻 𝗼𝗽𝘁𝗶𝗺𝗶𝘀𝘁𝗶𝗰. In case you missed the video: www.youtube.com/watch?v=6QYLW-vKWCY&t=222s 🔹 Deployed 5% into $VTY.L (Vistry Group PLC) a company with a strong partnership-based business model that I believe is relatively recession-resilient. 🔹 Added to Bitcoin ($BTC) and topped up some of our existing positions. 🔹 We still hold 14% cash, which I fully intend to deploy when the timing is right. 🔹 We sold out of Pebblebrook, as I’ve turned cautious on the tourism outlook. 🛢️ 𝗢𝗶𝗹 & 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 Oil has continued to fall sharply, which has weighed heavily on our portfolio—particularly in our offshore and shipping exposures. But this is often where I find opportunity: when there’s a disconnect between market prices and real-world fundamentals. ⚒️ 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 – 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗩𝗮𝗹𝗮𝗿𝗶𝘀 ($𝗩𝗔𝗟) Valaris remains a large holding despite falling more than 40% and still dropping this week, and its valuation looks increasingly compelling amid the selloff. Market Cap: ~$2.06 billion Net Debt: ~$800 million Enterprise Value (EV): ~$2.86 billion For this price, you get: 12x 7th Gen Drillships 1x high-quality 6th Gen Drillship 5 Semi-submersibles 33 modern Jackups (JUs) 50% stake in ARO Drilling (a JV with Saudi Aramco owning 9 more JUs) Building this fleet from scratch today would likely cost $25 billion+. That makes Valaris’ current EV of ~$2.86B a strong value proposition, especially for long-term investors. 🚢 𝗦𝗵𝗶𝗽𝗽𝗶𝗻𝗴 – 𝗗𝗮𝗻𝗮𝗼𝘀 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 ($𝗗𝗔𝗖) Danaos is another large and undervalued name in our portfolio: Book Value per Share: $108.99 Shares Outstanding: ~20.6M Total Book Value: ~$2.24 billion Enterprise Value: ~$1.46 billion The stock is trading well below book, despite strong fundamentals. 📦 Why shipping still interests me: 1. Low new supply: The orderbook-to-fleet ratio is near multi-decade lows. Environmental uncertainty (IMO 2023 & 2030) is slowing down newbuilds. 2. High cost of newbuilds: Steel and labor costs have surged. Rising rates make financing harder. Industry consolidation reduces overbuilding risk. All this pushes up the value of existing fleets and supports Danaos’ long-term value. 𝗪𝗲’𝗿𝗲 𝘀𝘁𝗮𝘆𝗶𝗻𝗴 𝗽𝗮𝘁𝗶𝗲𝗻𝘁, 𝗯𝘂𝘁 𝘄𝗲’𝗿𝗲 𝗮𝗹𝘀𝗼 𝘀𝘁𝗮𝘆𝗶𝗻𝗴 𝗮𝗰𝘁𝗶𝘃𝗲 — 𝗮𝗻𝗱 𝘄𝗲’𝗿𝗲 𝗽𝗼𝗶𝘀𝗲𝗱 𝘁𝗼 𝗿𝗲𝗰𝗼𝘃𝗲𝗿 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝘂𝗿𝗻𝘀. 𝗠𝗼𝗿𝗲 𝘂𝗽𝗱𝗮𝘁𝗲𝘀 𝘀𝗼𝗼𝗻.

The Trade War Just Got Real Again. Are You Ready?

www.youtube.com

Navigating the Current Tariff Turmoil | eToro Pro Insights In this video, I break down the latest tariff tensions that are shaking global markets and share how I'm navigating the uncertainty using macro strategy and real-time positioning on eToro Pro. Whether you're an active trader or a long-term investor, this is a must-watch if you want to stay ahead of the next move. How are tariffs affecting your portfolio? Let me know in the comments. And if you find value in this video, don’t forget to like, subscribe, and hit the bell so you never miss a weekly macro update. --- Disclaimer: This...

1 Mentioned

VTY.L

Vistry Group PLC

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies