Performance Review of Student of Value Write-Ups

In my last post, I decided to implement Value and Opportunity’s idea of tracking stocks that I have sold or passed on as a great way of calibrating my investment process.  Here are the results. It has been a little…

3 Bulgarian Net-Nets (Almost)

Mekom (MKX) Mekom engages in meat and meat products manufacture and trade.  Most of its production is exported, but it also has a solid market share in Bulgaria, where it works with the major supermarkets.  Or this was the story…

Update: FairPlay ($6F3:BU) and Yuri Gagarin ($4PX:BU)

First a disappointment, FairPlay, the REIT I wrote about, posted lower-than-expected distributable income for the year – BGN 1.9m against a December forecast of 2.45m and a May forecast of 3.7m.  Being off by 50% midyear and by 25% with…

7 REITs in the BGREIT Index

The Better REITs in BGREIT

As a continuation of my series of posts on Bulgarian real estate and REITs, I am doing a short summary of the companies in the BGREIT index.  The index is defined as: BG REIT is an index based on the…

FairPlay ($6F3:BU) Special Shareholders’ Meeting

In my post on FairPlay ($6F3:BU), I mentioned the coming special shareholders’ meeting.  It was postponed from 6th to 10th December and proceeded uneventfully.  Both resolutions passed. The company will be issuing debt of 3 million Euro.  It’s anyone’s guess…

Fair Play Properties REIT Logo

Will FairPlay ($6F3:BU) Live up to Its Name

A 90% price drop doesn’t immediately make a company cheap, but it definitely makes it worth a look. I lifted this idea from fellow value investor @DPBakalov, who also tipped me about Yuri Gagarin, which I wrote up previously. But…