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Common sense investment opportunities around the world. Free weekly newsletter and in-depth research reports (from USD 49 p.a.) at https://www.undervalued-shares.com
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42x with a boring business – could it happen again? - Undervalued Shares
NYSE-listed AutoZone delivered 4,200% over 20 years by consistently buying back stock. Does the UK offer similar buyback champions of the future?
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February 9, 2026 at 10:16 AM
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9/ Does the UK harbour a future equivalent of AutoZone? The latest Undervalued Shares research report features one such candidate. March/April 2026 should bring meaningful catalysts for the stock to recover – or potentially re-rate altogether 👇
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Kickstarting Britain's next housing revolution - Undervalued Shares
Britain's housing shortage is set to meet an unprecedented wave of government spending. This London-listed company is uniquely positioned to capitalise, with rivals already crying "unfair advantage".
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February 9, 2026 at 10:16 AM
9/ Does the UK harbour a future equivalent of AutoZone? The latest Undervalued Shares research report features one such candidate. March/April 2026 should bring meaningful catalysts for the stock to recover – or potentially re-rate altogether 👇
www.undervalued-shares.com/reports/inve...
www.undervalued-shares.com/reports/inve...
8/ More such cases will follow, with likely areas of change to include i) capital allocation, ii) corporate action (M&A), iii) investor communication, iv) removing blockers to change, v) greater awareness of global best practices.
February 9, 2026 at 10:16 AM
8/ More such cases will follow, with likely areas of change to include i) capital allocation, ii) corporate action (M&A), iii) investor communication, iv) removing blockers to change, v) greater awareness of global best practices.
7/ Change is already underway. In January 2026, Undervalued Shares Lifetime Members received an exclusive background report on a brand-new UK activist case. Shortly thereafter, the company's entire board resigned.
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Capital return and reverse-merger candidate - Undervalued Shares
This British micro-cap faces liquidation with ≈15-20% potential capital return PLUS a listed shell with 3-5x reverse takeover upside. An activist is already circling... An Undervalued-Shares.com exclu...
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February 9, 2026 at 10:16 AM
7/ Change is already underway. In January 2026, Undervalued Shares Lifetime Members received an exclusive background report on a brand-new UK activist case. Shortly thereafter, the company's entire board resigned.
www.undervalued-shares.com/reports/inve...
www.undervalued-shares.com/reports/inve...
6/ The UK, meanwhile, needs an evolution, not a revolution. What's still missing includes i) buybacks becoming a proper tool, ii) more aggressive and better-structured executive incentivisation, iii) older boards adopting global best practices in governance.
February 9, 2026 at 10:16 AM
6/ The UK, meanwhile, needs an evolution, not a revolution. What's still missing includes i) buybacks becoming a proper tool, ii) more aggressive and better-structured executive incentivisation, iii) older boards adopting global best practices in governance.
5/ Governance and management practices change slowly and often need an external push. Japan shows this well: years of activist investor pressure eventually led to record levels of share buybacks – a key driver behind the recent revival of the Japanese equity market.
February 9, 2026 at 10:16 AM
5/ Governance and management practices change slowly and often need an external push. Japan shows this well: years of activist investor pressure eventually led to record levels of share buybacks – a key driver behind the recent revival of the Japanese equity market.
4/ Earnings per share are up 21x, and the share price has increased 42x. Had AutoZone been UK-listed, the long-term outcome for shareholders would almost certainly have been very different; a large portion of the company's free cash flow would likely have gone toward dividends.
February 9, 2026 at 10:16 AM
4/ Earnings per share are up 21x, and the share price has increased 42x. Had AutoZone been UK-listed, the long-term outcome for shareholders would almost certainly have been very different; a large portion of the company's free cash flow would likely have gone toward dividends.
3/ While seen as a fairly boring company, AutoZone has long benefited from steady cash flow. Management opted to use that cash to buy back stock; since 2005, an average 120% of the firm's annual income went toward buybacks – totalling 80% (!) of the stock outstanding in 2005.
February 9, 2026 at 10:16 AM
3/ While seen as a fairly boring company, AutoZone has long benefited from steady cash flow. Management opted to use that cash to buy back stock; since 2005, an average 120% of the firm's annual income went toward buybacks – totalling 80% (!) of the stock outstanding in 2005.
2/ It's a vicious circle. Parts of the UK equity market are effectively caught in a slow, de facto liquidation. And yet, it is in such environments that exceptional long-term investment opportunities tend to emerge – as the US has shown before. Take AutoZone, for example.
February 9, 2026 at 10:16 AM
2/ It's a vicious circle. Parts of the UK equity market are effectively caught in a slow, de facto liquidation. And yet, it is in such environments that exceptional long-term investment opportunities tend to emerge – as the US has shown before. Take AutoZone, for example.
1/ Many UK companies still prioritise dividends when buying back stock would often be far more effective. This is partly due to the ongoing outflow of money from UK active fund managers; dividends help them manage outflows while keeping the remainder of their business afloat.
February 9, 2026 at 10:16 AM
1/ Many UK companies still prioritise dividends when buying back stock would often be far more effective. This is partly due to the ongoing outflow of money from UK active fund managers; dividends help them manage outflows while keeping the remainder of their business afloat.
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Guyana – back on the map following Maduro's arrest - Undervalued Shares
In late 2024, Guyana looked exotic. Today, its leading gold play is up 10x – and the leading oil play is only just getting started.
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January 30, 2026 at 2:27 PM
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8/ Seeing a major investment bank examine Guyana in such detail is a clear sign of the theme's transition from frontier curiosity to mainstream investment narrative. Guyana is no longer obscure – but it is still early in its economic and investment cycle.
January 30, 2026 at 2:27 PM
8/ Seeing a major investment bank examine Guyana in such detail is a clear sign of the theme's transition from frontier curiosity to mainstream investment narrative. Guyana is no longer obscure – but it is still early in its economic and investment cycle.
7/ A comparable opportunity exists via Chevron, which holds a 30% interest in the Stabroek field. While smaller than ExxonMobil's stake, the proportional impact on Chevron's future cash flows is similarly meaningful.
January 30, 2026 at 2:27 PM
7/ A comparable opportunity exists via Chevron, which holds a 30% interest in the Stabroek field. While smaller than ExxonMobil's stake, the proportional impact on Chevron's future cash flows is similarly meaningful.
6/ As the UBS report put it, ExxonMobil may even increase its Guyana targets. The company's fundamentals remain compelling to many observers – particularly given the scale of its operations and its well-known political backing.
January 30, 2026 at 2:27 PM
6/ As the UBS report put it, ExxonMobil may even increase its Guyana targets. The company's fundamentals remain compelling to many observers – particularly given the scale of its operations and its well-known political backing.
5/ During Q3/2025, average production reached 700,000 barrels per day (bpd), rising to 900,000 bpd by November 2025. By 2030, ExxonMobil aims to produce 1.7m bpd from Guyana alone – nearly 14% of its total oil output and almost 28% of its international production.
January 30, 2026 at 2:27 PM
5/ During Q3/2025, average production reached 700,000 barrels per day (bpd), rising to 900,000 bpd by November 2025. By 2030, ExxonMobil aims to produce 1.7m bpd from Guyana alone – nearly 14% of its total oil output and almost 28% of its international production.
4/ On 21 January 2026, UBS published "Guyana Deep Dive", focusing particularly on ExxonMobil's growth plans in the country. With a 45% stake in the Stabroek Block, the company is the largest stakeholder in Guyana's oil reserves.
January 30, 2026 at 2:27 PM
4/ On 21 January 2026, UBS published "Guyana Deep Dive", focusing particularly on ExxonMobil's growth plans in the country. With a 45% stake in the Stabroek Block, the company is the largest stakeholder in Guyana's oil reserves.
3/ The oil story has followed a similar trajectory, albeit on a larger scale. ExxonMobil was trading at USD 120 just before the events on 3 January 2026, and has since rallied to USD 141. Is the opportunity already exhausted, or does further upside remain?
January 30, 2026 at 2:27 PM
3/ The oil story has followed a similar trajectory, albeit on a larger scale. ExxonMobil was trading at USD 120 just before the events on 3 January 2026, and has since rallied to USD 141. Is the opportunity already exhausted, or does further upside remain?
2/ Many foreign-listed firms only make a small portion of revenue from Guyana or suffer from limited liquidity. Two exceptions stood out: ExxonMobil and Omai Gold Mines. Already a beneficiary of the rising gold price, the latter got another boost after Maduro's arrest.
January 30, 2026 at 2:27 PM
2/ Many foreign-listed firms only make a small portion of revenue from Guyana or suffer from limited liquidity. Two exceptions stood out: ExxonMobil and Omai Gold Mines. Already a beneficiary of the rising gold price, the latter got another boost after Maduro's arrest.
1/ While Guyana had begun to gain strategic importance – as a result of discovering gargantuan oil reserves – development of these reserves was constrained for years by Venezuela's claim over the Essequibo region, an area with a disproportionate share of Guyana's natural wealth.
January 30, 2026 at 2:27 PM
1/ While Guyana had begun to gain strategic importance – as a result of discovering gargantuan oil reserves – development of these reserves was constrained for years by Venezuela's claim over the Essequibo region, an area with a disproportionate share of Guyana's natural wealth.
7/ A comparable opportunity exists via Chevron, which holds a 30% interest in the Stabroek field. While smaller than ExxonMobil's stake, the proportional impact on Chevron's future cash flows is similarly meaningful.
January 30, 2026 at 1:57 PM
7/ A comparable opportunity exists via Chevron, which holds a 30% interest in the Stabroek field. While smaller than ExxonMobil's stake, the proportional impact on Chevron's future cash flows is similarly meaningful.