Preview: Company 6 is an Australian company with some potentially valuable assets that are in the process of being monetized by the company. There is considerable uncertainty about the ultimate value of these assets, but there are some indications that this value could be well above the implied value currently being given to the assets […]
An acquisition offer for “Company 5” (published on VIB premium on June, 28) was made yesterday. Company 5 is County First Bank (OTCMKTS:CUMD) and is being acquired by The Community Financial Corporation (NASDAQ:TCFC), which is a larger, Nasdaq-listed bank. The press release can be found here.
Preview: Company 5 is a small, OTC-listed bank that is currently in my basket of community banks. The company is trading at less than 80% of book value, which has become pretty rare in the current market. The bank also has fairly consistent earnings and low non-performing assets. Article type: Portfolio position, the author is […]
On October 25, 2016 Kuala Lumpur Kepong Berhad (KLSE:KLK), a Malaysian plantation company, made an offer of 640 pence for U.K. listed M.P. Evans Group PLC (LON:MPE), which is also in the oil palm and rubber plantation business. The original offer represented a premium of 51% of the trading price at that time. The board […]
Preview: Company 4 is a palm oil company trading at a large discount to the land values as presented in a recently announced offer for another plantation company and to another recent comparable transaction. The company looks pretty cheap from an earnings and cash flow perspective as well. I’m not going to disclose where this […]