Current basket of Japanese stocks

It has been a little more than one year since the last update on my Japanese stocks. I have made a number of changes since then and will briefly discuss the current Japanese basket. Currently there are nine companies in the basket. I no longer own the two companies I first invested in: I sold […]

PNE Industries sells down stake in PNE PCB Bhd

A quick update on another positive development at PNE Industries. On June 6 the company called an Extraordinary General Meeting to ask shareholders approval for the disposal of the company’s 42.8% shareholding in PNE PCB Bhd: link. This resolution was passed by shareholders on June 25. PNE Industries announced today that is has sold 5.0 […]

Datronix Holdings: a cash-rich net-net

Datronix Holdings (company website) designs and manufactures magnetics. These magnetics are used in consumer electronics, data processing appliances, military components and healthcare devices. The magnetics are sold under the brand name “Datatronics”. Most of the products are customized and tailor-made to the customer requirements. The investment case for Datronix (ticker: 0889.HK) can be summarized as: […]

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 […]

Catalysts and PNE Industries update

I like to think I’m aware of some of the biases that hurt investors: hindsight bias, consistency bias, anchoring, etc. Unfortunately being aware of biases doesn’t stop you from experiencing them. Buffett compares investing to shopping for groceries: if you’re going to be a net buyer of groceries and stocks, you want prices to go […]