Two Idea Updates

Updates on previously published ideas in the commodities and industrials/real estate-related spaces.

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Value Situations is NOT investment advice and the author is not an investment advisor.

All content on this website and in the newsletter, and all other communication and correspondence from its author, is for informational and educational purposes only and should not in any circumstances, whether express or implied, be considered to be advice of an investment, legal or any other nature.  Please carry out your own research and due diligence.

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“Our societies are sustained by materials created by human ingenuity, focusing on what I call the four pillars of modern civilisation: ammonia, steel, concrete, and plastics.”

How The World Really Works, Vaclav Smil.

In this issue of the newsletter, I set out my current thoughts on two previously written up equity ideas following the release of full year FY22 results last week for both names.

Both these businesses touch on the four pillars of modern civilisation as envisaged by Vaclav Smil in the opening quote above.

The first update relates to a conviction idea published in December relating to a strategically valuable, global fertiliser business, and which I hold in the Value Sits Model Portfolio.