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 […]
Category Archives: European Stocks
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 […]
Holders Technology: a Graham net-net on AIM
Holders Technology (company website) is a supplier of special laminates and materials for printed circuit boards and is also a LED solutions provider to lighting and industrial markets. Holders Technology is a Graham net-net: Share price: 48.50p Shares outstanding: 3,939,551 Market cap: £1.91 million NCAV 05-31-2014: £4.08m Cash and cash equivalents 05-31-2014: £0.73m Total liabilities […]
Three Greek microcaps trading below book value
I’ve written about a few Greek stocks already: AS Company, Stelios Kanakis and Kleemann. Greece continues to be a place that most value investors seem to avoid like the plague. One problem with investing in Greek small caps is that most of them only publish their financial reports in Greek. Google Translate does a reasonable […]
Śnieżka: a quality company in Poland
Fabryka Farb i Lakierów Śnieżka S.A. (Śnieżka for short) is a company that produces and sells paints and varnishes in Poland and Eastern Europe. Śnieżka showed up in a screen I ran a few months ago and I was impressed with what I saw. Unfortunately the stock didn’t look particularly cheap at that time, so […]