January Monthly recap
Hi everyone.
Newsletter update
Company update
Write ups
Quantitative watchlist
European Language Ideas
Investor’s deck
Movements (Preview - my new contrarian value position is Colombian Banking conglomerate Grupo Aval as mentioned on twitter).
Ranking other people ideas from Nov/Dec to potentially add to portfolio.
Preview:
3.Airtel Africa
2.Codan $
1.Terravest
For the new subscribers, thanks for subscribing. Expect some typos and many ideas. Here is a List of analysis, with many free articles! And if you like it, please share my letter.
I will now spend less time searching new companies, (I did a lot of A to Z stock lists), and more time analysing them, so I will push my premium content to 10 write ups a year.
I subscribed to a Polish paid research service to get more understanding of this market, get more ideas about hidden champions in Poland. The name is eastvalueresearch.com. (not a sponsored link here). I am trying to know this market more and to discover tips or things to avoid there.
Japan Lifeline, a medical devices company that I wrote up, published a nice slide deck about their challenges and opportunities. So far the thesis has not worked out, and it’s not great, but no downside risk as also materialised. Just a boring stagnation with dividends being paid.
Poulaillon, the French bakery chain, is sheltered from energy price shocks. Article and results: Ebitda is maintained despite record inflation costs, and Q4 2022 revenues are growing again 22% YoY. Water segment costs should reduce in the future and they should recover margins but even if not, ebitda is massive compared to capitalisation. Links in French
Newlat foods (Italy), with good 2022 revenues. Link
Here I manually selected stocks for quality or hidden champions characteristics and track movements and PE from Google Finance or Reuters for Japan. Then, they can enter my work deck.
This month I wanted to show a the filter for ”Blue chip” filter in DMs. Not the fastest growers but solid cheap cash flows in this list.
I Like Catalana Occidente, a local champion. I am curious if Fresenius can turn the ship but I have no opinion. Nintendo is interesting and transforming the business.
Hannover RE - Value and opportunity
South East Asia real estate company ($) (My premium article)
