One to consider is Ocean Wilsons Holdings. It's a Bermudan investment company, quoted in London, whose assets can be broadly split into two parts:
1) 41.444 million shares in the Brazilian port, shipping and logistics company Wilson Sons, quoted in São Paulo. This holding is 58.25% of Wilson Sons and at current prices is worth roughly £250.8 million.
2)) A global investment portfolio, worth $281.8 million as of 30th September 2020. Let's say a 3% rise since then so that's roughly £218.6 million.
So that's net assets of £469.4 million. Current share price is roughly 675p, there are 35.363 million shares issued, so the current market capitalisation is around £240 million. Consequently the shares are trading at a 49.9% discount to NAV.
Ocean Wilsons cut its proposed dividend from 70 US cents to 30 cents back in March, following Wilson Sons cutting its previously declared dividend due to the coronavirus. Since then Wilson Sons has paid an extra dividend so Ocean Wilsons in turn has declared a second dividend of 40 cents to get back to 70 cents. So the shares yield 7.9%, paid gross without withholding tax.
Ocean Wilsons' current discount to NAV is quite a bit lower than I'm used to; since I first bought its shares the discount has typically been in the region of 20% to 30%. I put quite a bit of the increase in the discount down to coronavirus fears specific to Brazil.
Now obviously there is quite a bit of risk in this. A hugely concentrated portfolio in Brazil, a country where many people will not want to invest because of the coronavirus and the general social and business climate in Brazil. Its accounts are complex, because it has to consolidate Wilson Sons accounts. I largely ignore the accounts and instead value Ocean Wilsons as an investment company which has a huge shareholding in one company. Its share price usually has a large bid-offer spread, sometimes as high as 3%.
FYI Wilson Sons has been in existence since 1837 when it was founded by two Scottish brothers, Edward and Fleetwood Pellow Wilson. It is one of Brazil's oldest companies and IMHO it is conservatively run. Ocean Wilsons' recent quarterly update (linked below) commented on Wilson Sons performance, noting that profits in the first nine months of 2020 had fallen by 53.3%, this was mostly due to the fall in the Brazilian Real against the US Dollar.
https://www.investegate.co.uk/ocean-wilsons-hldgs/rns/quarterly-update/202011120700050522F/Ocean Wilsons was put forward in the early 2000s on the TMF value shares board, back when its share price was below 80p. The usual suspects objected to it even being discussed because it is a fund and foreign.
Ocean Wilsons website
http://www.oceanwilsons.bm/investorsWilson Sons' share price and Wikipedia page
https://www.bloomberg.com/quote/WSON33:BZhttps://en.wikipedia.org/wiki/Wilson,_Sons