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Danish Beer and Net Net Nanocaps

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Danish Beer and Net Net Nanocaps

A curation of the best stock write-ups we've enjoyed in Nov 2022

Jon Kingston
Nov 28, 2022
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Danish Beer and Net Net Nanocaps

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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.

Thanks for reading Capital Employed! Subscribe for free to receive new posts and support my work.

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.

Read here


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.

Read here


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.

Read here


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.

Read here


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.

Read here


Siltronic AG (WAF)

Written by Mr Market Miscalculates

An alternative way to profit from the boom in semiconductors, at just 7x earnings?

Read here


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.

Read here


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.

Read here


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?

Read here


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.

Read here


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.

Read here


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.

Read here


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.

Read here


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.

Thanks for reading Capital Employed! Subscribe for free to receive new posts and support my work.

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