I bought a small position in Polish micro-cap Delko SA (WSE:DEL) recently. Delko is active in the wholesale distribution of household chemicals, personal care products and cosmetics in Poland.
Just a short update on my Japanese holdings. A month or two ago, I sold most of the holdings in my Japanese basket of stocks.
Philip Morris ČR manufactures tobacco products in the Czech Republic. They also own a subsidiary in Slovakia that sells and distributes products there.
When I first saw the name of Multi-Chem Limited (AWZ.SI), I thought that it was some sort of producer of chemical products, but the company is in a very different business.
Every now and then I like to highlight a transaction that to me looks unfair to minority shareholders. For example, two years ago, Waxman Industries tried to buy out shareholders at a ridiculous price that amounted to just 12% of book value.