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, […]
I found a couple of very strange companies on the pink sheets and I’ll use this post to collect some of my thoughts on them. The companies in question are Francisco Industries (OTCMKTS:FRAZ) and Manati Industries (OTCMKTS:MNII). They are both US corporations that had operations in Cuba and that had their property seized by Cuba […]
Oceania Capital Partners: an Australian investment company trading at a large discount to book value. The company is controlled by a HCI, a South African holding company. John Copelyn, HCI’s CEO, is set to take control of OCP himself through a family investment trust.
Just a short post about a special situation that might be attractive. The Canadian company Kobex Capital has announced a substantial issuer bid for 85% of its outstanding shares. Kobex is a cash box with no remaining operations. Management was not making progress in buying another business or making solid investments. The result was that […]
Pink sheet companies have always fascinated me. It’s this large universe of mostly very crappy companies that virtually all investors will not touch with a barge pole. Rightly so for the most part. I’d say at least 95% of them are not even remotely interesting. Many are just shell companies with no operations. Others are […]