Investing in Poland has proven to be a bit challenging for me. The main problems are that almost all of the small companies only report in Polish and that protection for minority investors is weak. It is a common occurrence at Polish micro-caps for insiders, sometimes with the help of a couple of large outside […]
Takeover offer for Legend Corporation by Adamantem
There have been some developments at a couple of my Australian holdings recently. The most important is the takeover offer for Legend Corporation (ASX:LGD) that was announced last week. A link to the filing of the cash offer can be found here. I wrote a post about Legend two years ago for VIB premium (which […]
Stelios Kanakis acquired by Orkla Food Ingredients
Stelios Kanakis (KANAK.AT), the Greek distributor of ingredients for confectionery and bakery products, made an announcement a couple of days ago that it is being acquired. The buyer is Norwegian company Orkla Food Ingredients. The acquisition will take place via a tender offer and the price offered to shareholders is €4.36. This values the entire […]
Trellidor has barriers to entry
Stocks have rebounded nicely so far this year in most parts of the world. One country where sentiment is still very negative is South Africa: foreigners are dumping South African stocks, the economy is bad, there are fears about land expropriation, there are terrible crime problems, the Rand has weakened significantly in 2018 – the […]
Elamex (OTC:ELAMF) is not as dark as it seems
This post is going to be a bit different from other posts on this blog. I have limited information about this “dark” company, so I can’t produce a detailed write-up. My main goal with this post is to bring some attention to this company. Usually I’m happy to own stuff like this in silence, but […]