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…
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…
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…