Syncora Holdings Ltd (fka SYCRF)

[rockraider3]

Old hat? Maybe, but first I've seen of this letter dated 10/8/16.

ValueWalk has learned some possible Activist Rumblings in the Small Cap World: Syncora is an interesting NOL play that may now be fully seasoned and reaching the harvesting phase. At this stage, Syncora’s Board of Directors and its Large Shareholders’s views are now coming into full view as each become more vocal. In just the last few months, Syncora’s Management and Board has issued a number of Press Releases after having been virtually radio silent since the 2008 Great Financial Crisis, while ValueWalk has Obtained a Shareholder Letter sent this past weekend (from a shareholder with a very large stake in the company) 10/8/2016 reacting to the latest announcement, see below – per request the name of the hedge fund has been redacted.

http://www.valuewalk.com/2016/10/syncora-activist/?all=1

The letter is at the link.