Welcome to another edition of the Capital Employed Newsletter.
If you’ve not done so already make sure to check out the Q2 2026 Fund Letters Round-Up - 185 letters have been added. It’s a treasure trove of insights and ideas.
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Latest interviews with fund managers/private investors sharing exclusive ideas not found anywhere else.
#138 - Seb Krog (Treasure Hunting) 📗
#137 - Colin King (Value Don’t Lie) 📗
#136 - Dan Rupp (Parkway Capital) 📗
BEST IDEA AWARD FOR THIS ISSUE 🏆
Tactile Fund on SigmaRoc 🇬🇧
European producer of lime and limestone products. Employs a buy and build strategy to acquire the unwanted quarries and kilns of larger companies, becoming ever more efficient and integral to the industrial workings of the continent.
The company is a prime operator of scarce assets (limestone quarries may not be especially rare, but just try building a new one) with strong geographic moats and healthy pricing power, the output of which is essential in countless industrial processes that enable civilization.
Trades at less than 7x estimated forward EBITDA.A round-up of the best ‘fresh-off-the-press’ stock pitches…