MTI Wireless Edge

MTI Wireless Edge (company website) is a company based in Israel and listed on the London AIM market (ticker: MWE.L). MTI Wireless develops and manufactures antennas and antenna systems for commercial and military applications. The business was doing well in 2006 and 2007 and net income was around $4 million at the time. Revenue and […]

BlueStar SecuTech Tender Offer

BlueStar SecuTech (ticker: BSST.L) is delisting from AIM and simultaneously proposing a tender offer for a maximum of 23.52% of it’s shares at a price of 2.5p. This offer is well below the last closing price of 4.12p. BlueStar is a Chinese company, providing surveillance network solutions in China. In 2008 shares were still trading […]

Capelli is compelling

Capelli SA is a French company that is active in the real estate sector, primarily in France. At the current price of €1.53 the market capitalization of the company is €20.3 million. Book value on March 31, 2013 was €32.8 million. The company is also a net-net: taking current assets of €100.6m and subtracting all […]

Is this Greek elevator company ready for lift off?

In my previous post about Greek net-net AS Company I mentioned I like another Greek stock. The name of the second company is Kleemann Hellas SA (company website). Kleemann produces elevator systems. Products include: hydraulic elevating mechanisms (piston, power unit, car frame), electromechanical elevating mechanisms (machine, car frame, counterweights), cabins, electronic controllers, electronic systems and […]

A microcap net-net in Greece

A few weeks ago I read this article about Fairfax Financial’s investments in Greece. In that article Prem Watsa had some interesting comments on the Greek economy: “In terms of the economy, the last four or five years have been very tough for Greece,” Fairfax Chairman and Chief Executive Officer Prem Watsa said in a […]