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Janeo

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    Current Holdings

    in General Discussion

    Posted

    A long time ago, I took a look at 5161.T (Nishikawa Rubber). What interested me a while ago was that they made speciality parts like Earthquake dampeners for buildings etc. i never drilled much beyond that but it looked indeed incredible cheap.

     

    Nishikawa Rubber attracted the attention of an activist in 2020 (https://www.businesswire.com/news/home/20200616006047/en/RMB-Capital-Proposes-Share-Buyback-at-Nishikawa%E2%80%99s-Annual-General-Shareholders-Meeting).

     

    They didn't get anywhere unfortunately but there's someone watching out for the shareholders now.

     

    Current Holdings

    in General Discussion

    Posted

    Mainly Asian cigar butts.

     

    ELF E-L FINANCIAL

     

    TRE TREASURE ASA

     

    USAP UNIVERSAL STAINLESS & ALLOY

    HSON HUDSON GLOBAL

     

    1122 QINGLING MOTORS

    1127 LION ROCK GROUP LTD

    1260 WONDERFUL SKY

    2033 TIME WATCH

    3828 MING FAI

    450 HUNG HING PRINT

    517 COSCO SHIPPING

     

    4231.T TIGERS POLYMER

    5161.T NISHIKAWA RUBBER

    6023.T DAIHATSU DIESEL 

    6467.T NICHIDAI

    7235.T TOKYO RADIATOR 

    7266.T IMASEN ELECTRIC INDUSTRIAL

     

    BTP Baker Technology Ltd.

    AVM Boustead Projects Ltd

    J2T Hock Lian Seng

    Companies with a Fortress Balance Sheet and Liquidity At the Moment

    in General Discussion

    Posted

    There’s still quite a number of those in Japan and Hong Kong.

     

    Some of them held up pretty well against their respective indices over the past few months. But because they didn’t drop as much makes me think their upside upon a future rebound will tend to be lesser also.

     

    Interesting to note also is that among the few HK cash boxes/net-nets I own, instead of cutting div, most of them maintained their div and I even saw an increase in some of them. 

     

    Japanese Basket

    in General Discussion

    Posted

    Yea that's about it. Take a screener and look for low p/b, low enterprise value, multi years low etc then flip them if they go up. I find it hard to track those growth/turnaround/special situation plays so I stay away from them.

    Japanese Basket

    in General Discussion

    Posted

    Bought these over the past couple of months.

     

    5971.T Kyowakogyosyo Co

    7266.T IMASEN ELECTRIC

    7614.T OM2 Network

     

     

    Couldn't find an existing topic for HK stocks, but are there any interest in those as well? Bought the below recently too. Available for PM to avoid derailing this thread. :)

     

    Computime (HK:0320)

    Hung Hing Printing (0450:HK)

    Qingling Motors (1122:HK)

    Ming Fai (3828:HK)

    Interview with Spekulatius on QUCT

    in General Discussion

    Posted

    Hi there, I got interested in the stock after listening to the podcast. So I googled around and found something interesting regarding the 25,000 acres of land.

     

    So here's a bio (http://straighttalktv.com/bios/henry_walker.html) of Henry Walker pre-2010. I assumed this because it states that QUCT's AUM is $1.2b and in 2010 the AUM is ~$2b. In that bio, it states that QUCT has a 25,000 acre working cattle ranch, and other commercial/retail investment properties located throughout Southern California.

     

    And this is a bio (http://labusinessjournal.com/news/2017/sep/26/money-book-w-henry-walker/) of Henry Walker published in 2017. I quote the relevant parts: "Queen City Investments, a multifaceted holding company that owns F&M Trust Co., California’s oldest chartered trust company with assets under management of $2 billion, a more than 50,000-acre working cattle ranch, and other Southern California commercial-retail investment properties. "

     

    Am I missing something here or did the amount of land QUCT owns actually doubled over the past decade?  :o

    Japanese Basket

    in General Discussion

    Posted

    Almetax Manufacturing 5928 is also an interesting one.

     

    It's a Japan-based company principally engaged in the manufacture and sale of building materials centering on special customers in housing related markets. >30% s/o is owned by a major customer.

     

    It's a low ROIC and margin biz but now trading at NCAV and under 40% pb. A decent chunk of non current assets consists of land and investment securities, with each category making up ~40% of current mcap. It pays a ~4% div as well so you're getting paid while you wait. Couldn't help myself and bought some recently ;D

    Japanese Basket

    in General Discussion

    Posted

    Hi there. First time posting and thought I’d give this topic a little bump given the amount of cheap stuff that surfaced/got cheaper due to the poor performance of the JP market over the past yr.

     

    Here’s sharing my holdings in hopes to draw out like-minded investors. ;D

     

    2055.T NICHIWA SANGYO CO LTD

    3426.T ATOM LIVIN TECH CO LTD

    3892.T OKAYAMA PAPER INDUSTRIES CO

    4624.T ISAMU PAINT CO LTD

    5900.T DAIKEN CO LTD

    5951.T DAINICHI CO LTD

    5983.T IWABUCHI CORP

    6466.T TOA VALVE ENGINEERING INC

    6648.T KAWADEN CORP

    6943.T NKK SWITCHES CO LTD

    6964.T SANKO CO LTD

    7399.T NANSIN CO LTD

    7521.T MUSASHI CO LTD

    7559.T GLOBAL FOOD CREATORS CO LTD

    7877.T EIDAI KAKO CO LTD

    7902.T SONOCOM CO LTD

    8144.T DENKYOSHA CO LTD

    9885.T CHARLE CO LTD

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