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Laser Beam Capital
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Last published13 Oct 2026
Companies discussed, last 12 months
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MGHMaas GroupHeldCommentary
DateManagerCompanyActionSummary
13 Oct 2026Laser Beam CapitalMGHHeldLaser Beam Capital is steering clear of Maas Group Holdings because it believes the company's outlook is too reliant on the trajectory of Firmus. Firmus was forced to pull its $44bn IPO after demand from international investors fell away. Portfolio manager Hayden Beamish argues that Maas's upside requires Firmus's growth plans to proceed, and that the Firmus orders placed with Maas still need to be paid for, which Firmus must now fund privately. Laser Beam sees counterparty and funding risk as central concerns for the construction and materials group.
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11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.