Danish Beer and Net Net Nanocaps
Danish Beer and Net Net Nanocaps
A curation of the best stock write-ups we've enjoyed in Nov 2022
Danish Beer and Net Net Nanocaps
13 excellent write-ups from November 2022
At Capital Employed FM we’re all about showcasing interesting investors and the companies they’re investing in.
To supplement the podcast we thought it would be interesting to highlight some of the best investing write-ups we have enjoyed reading this month.
Check them all out below…
IWG Plc (IWG)
Written by Yaron at 1Main Capital
IWG is global leader in flexible office space, with a footprint built over the last 30 years that today is nearly 5x the size of its younger rival WeWork.
The company is run by founder and CEO Mark Dixon, who still owns nearly 1/3 of the equity. The flex office market is attractive, large, and growing.
Keystone Law (KEY)
Written by Picolinie Capital
A London listed founder-led business disrupting the law industry with double digit organic growth, high cash flow conversion and superior ROIC.
WeConnect SA (ALWEC)
Written by Alluvial Capital
A Paris listed microcap, We.Connect is a French IT distributor with 3 core businesses, 17 brands, and 1600+ customers.
Caesarstone (CSTE)
Written by Vince Martin from Overlooked Alpha
Caesarstone Limited is a manufacturer of engineered quartz, commonly used in kitchen countertops. The business is not in good shape and there appears no shortage of reasons to stay away. But the potential upside is tremendous.
Royal Unibrew (RBREW)
Written by Value and Opportunity
Royal Unibrew is a Danish beverage company. Could this company be CAMP? No, we’re not talking Elton John camp, we mean a Compounder at A Reasonable Price.
Siltronic AG (WAF)
Written by Mr Market Miscalculates
An alternative way to profit from the boom in semiconductors, at just 7x earnings?
Onfolio (ONFO)
Written by Travis from Investing.io
Onfolio is tiny. No analyst has ever heard of it. A US nanocap trading under it’s cash value.
Onfolio is a pretty simple business. They are in the business of buying small businesses. Not particularly exciting businesses, stuff like WordPress plugins, deal sites, marketing agencies, small display advertising brands, etc.
Papoutsanis (PAP)
Written by Emerging Value
PAP is a Athens listed small cap selling cosmetics, soap, contract manufacturing and soap bases. It focuses on soap made with natural ingredients, around olive oil, as opposed to traditional chemical soap.
Embracer Group (EMBRAC)
Written by Johannes Arnold, Nordstern Capital Investors LLC
Embracer Group has completed more than 80 acquisitions since its IPO in 2016. The company spent more than $10bn on these acquisitions altogether.
In addition, Embracer spent close to $1bn on game development projects. Thus, the group invested more than $11bn over the last six years. However, at today’s stock price, the market values the enterprise at around $8bn.
Either the market massively undervalues Embracer Group, or CEO Lars Wingefors managed to destroy 30% of the invested capital over the last six years.
Which is true?
RCS Media Group (RCS)
Written by David Katunaric of Disc: Long, Investment Research
RCS MediaGroup is a leading publisher of newspapers, television, magazines, radio, and books as well as an organizer of various sporting events - most notably the Giro d'Italia bicycle race.
RCS owns both Italy's largest national and sports daily newspapers, Corriere della Serra and La Gazzetta dello Sport. You've likely heard of them both if you live in Europe.
Atlas Engineered Products (AEP)
Written by Deep Sail Capital
Atlas Engineered Products or "Atlas" is a rare find in the public markets. It is a microcap company that has all the key elements that I look for in our four pillars of an exceptional investment.
Dow Schofield Watts (DSW)
Written by Feathertop Capital
An AIM listed company that is capital light, scalable, low churn, optically cheap, recurring revenues, and recession resistant.
Tabcorp (TAH)
Written by Michael Fritzell from Asian Century Stocks
Australia’s second-largest company in the wagering industry, offering punters the ability to bet on horse races and other sports events. The company is recovering from COVID-19, with extra help by new regulation.
Have we missed any great write-ups?
Let us know what you’ve found interesting this month.
You can reach us at the following places…
Twitter: @capitalemployed
Website: capitalemployed.fm
Disclaimer
This article is for informational and educational purposes only, and should not be seen as investment advice. Please do your own research before thinking of investing in any company mentioned.