Some positive news from Kleemann today: the company has called an Extraordinary General Meeting on February 4th to decide on a return of capital to shareholders of €4.0 million (about €0.17 per share, I think). That’s a substantial amount for a company with a €35.5m market cap. This news is another sign that Kleemann’s financial […]

In July 2013 I wrote a post about the Greek elevator manufacturer Kleemann Hellas. Today, as the Athens stock market touches a two year low, I’ll revisit Kleemann. Share price: €1.30 Shares outstanding: 23.648.700 Market cap: €30.7 million Net current asset value (Sept. 30, 2014): €34.3m Book value (Sept. 30, 2014): €80.3m At the time […]

In my previous post about Greek net-net AS Company I mentioned I like another Greek stock. The name of the second company is Kleemann Hellas SA (company website). Kleemann produces elevator systems. Products include: hydraulic elevating mechanisms (piston, power unit, car frame), electromechanical elevating mechanisms (machine, car frame, counterweights), cabins, electronic controllers, electronic systems and […]