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 […]

Jason Marine: another net-net in Singapore

Recently I have been looking at a bunch of Singapore listed stocks. I already owned one Singaporean net-net, PNE Industries and have since picked up two more. In this post I will discuss the first one. Jason Marine Jason Marine (ticker: SGX:5PF) is a marine electronics systems integrator and support services provider for the marine […]

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 […]

Why I sold Stephan Company

Nate has written a good post about Stephan Company (SPCO) on his website. People who follow my Twitter account will know that I also owned some SPCO shares, but that I recently sold my shares after I read the latest annual report and the quarterly report for March 31, 2013. Revenue continues to fall and […]