CMI Limited (ASX:CMI)

It’s been a while since I last discussed a new position. That is mostly due to the fact that I have made few changes. In the past couple of months I have mostly bought a little more of some existing positions and sold a few positions that moved up in price. Things are starting to […]

AP Oil’s stock boosted by report from KGI Fraser

Yesterday I noticed that the stock of one of my holdings in Singapore, AP Oil International (SGX:5AU), suddenly jumped 20%. There was no press release or other corporate event that I could find. After asking on Twitter I was pointed (thanks Writser!) to a report by broker KGI Fraser Securities (PDF). KGI initiated coverage on AP […]

Eidai Kako: 53% of NCAV and 29% of BV

A recent buy for my basket in Japan is Eidai Kako (TYO:7877). This is another example of a stock with a lot-size of 1000 shares that is trading at an extreme discount to book value and net current asset value. At the current stock price of ¥287, the minimum investment required would be about $2400. […]

Denkyosha: profitable and trading at 37% of BV

Japanese shares have been soaring since 2012 and the Nikkei is currently at a level last seen in 2000. As a result many of the net-nets that were available in Japan have now disappeared. This has made it a bit harder to find replacements for companies in my Japanese basket of stocks. As a general […]

Berling SA

One of the few places where I’m still finding some cheap and small companies is Poland. Last year I made my first investment there in a company called Śnieżka. This post is about another Polish stock that I recently bought: Berling SA (ticker: BRG:WSE). Berling SA is a wholesaler of refrigerating and air-conditioning equipment. The […]