Stelios Kanakis reports 2016 results, P/E: 8.8x

Stelios Kanakis (KANAK.AT), a Greek distributor of raw materials for confectionery, bakery and ice cream products, has reported results for 2016 yesterday. Stelios Kanakis is the exclusive distributor in Greece for a number of high quality brands, like Fabbri 1905. It also offers demonstrations and training for bakery professionals for using these products from its […]

Tender offer for Kleemann by management

An announcement was published today by Kleemann Hellas, the Greek elevator manufacturer that was discussed here previously in July 2013 and again in December 2014. The announcement is a tender offer by MCA Orbital Global Holdings (MCA). MCA is an entity that was established by the Koukountzos family, which is the controlling shareholder of Kleemann, […]

Stelios Kanakis: results for 2014

A couple of days ago Stelios Kanakis posted their 2014 annual report. I first wrote a post about the company in February 2014. As a quick reminder: Stelios Kanakis is a Greek distributor of raw materials for pastry, bakery and ice-cream products. As usual, the annual report is in English and does a great job […]

Kleemann will return €4 million to shareholders

Some positive news from Kleemann today: the company has called an Extraordinary General Meeting on February 4th to decide on a return of capital to shareholders of €4.0 million (about €0.17 per share, I think). That’s a substantial amount for a company with a €35.5m market cap. This news is another sign that Kleemann’s financial […]

Kleemann revisited

In July 2013 I wrote a post about the Greek elevator manufacturer Kleemann Hellas. Today, as the Athens stock market touches a two year low, I’ll revisit Kleemann. Share price: €1.30 Shares outstanding: 23.648.700 Market cap: €30.7 million Net current asset value (Sept. 30, 2014): €34.3m Book value (Sept. 30, 2014): €80.3m At the time […]