Author: nilsherzing

Job Offer – Investment Professional

Who we are Active Ownership Capital “AOC” is an independent, partner-managed investment company which acquires significant minority stakes in publicly listed, undervalued small- and mid-size companies in German speaking countries (Germany, Switzerland, Austria) and the Nordics (Sweden, Finland, Denmark, Norway). Our investment approach is based on two pillars: Value Investing and Value Creation. AOC follows […]

Judges Scientific plc

Today, I would like to present you one of our top picks for the next years:

My best book of the year: Superforecasting – The Art and Science of Prediction

On October 12, 2004 Yasser Arafat, the 75 year old leader of the Palestine Liberation Organization, became severely ill with vomiting and abdominal pain. Over the next three weeks his condition worsened. On October 29, he was flown to a hospital in France where he fell into a coma. On November 11, 2004 Yasser Arafat, […]

Looking back at 2015 – Happy new year!

  Dear readers,   a happy new year to all of you! Here is an overview of our main investment ideas of 2015 and their performance:     Our three investable ideas fortunately did well this year and we are happy if you trusted us with those. These are other stocks we have talked about, […]

Update – Vitec Software Q3 and Adjustments

1) Recent Developments   You can read our last post here. Since the publishing of the Q3 results, the stock managed a 13.3% increase to 340 SEK. We are excited about an overall 150% increase since we discovered it. Main results JAN-SEP 2015 (as reported) were:   Net sales SEK 448.3 m (350.4) Profit before […]

S&T AG – Real Option Smart Energy

Disclaimer: This is not an investment advice, please do your own research and don’t follow anyone blindly. Furthermore, it has to be mentioned that the author and related parties are long-term shareholders of S&T AG for many years and thus participate if the share price increases. Additionally, the author and related parties may sell their […]

Dhando investor meeting 2015 – A day with Mohnish Pabrai

Back in 2013 we were invited to attend the Pabrai annual fund meeting to speak to Mr. Pabrai in person. Unfortunately it was not possible to meet him until six days ago. Thanks too my employer Fronteris, I was able to attended his annual meeting and a bike ride with him. In addition to this […]

Hargreaves Services Plc. Hidden Asset valuation

Today we would like to provide further insides into our hidden Asset valuation of Hargreaves Services plc, where a friend of us, Daniel Gilcher helped us.   According to the annual report of 2014 the book value of land assets are carried at cost: 8,418m GBP. The problem is, that we don’t have a lot […]

Vitec Software Group AB: Our best bet?

Intro     Today, we want to introduce a company we found trough a stock screening process and which we found very interesting: The Vitec Software Group AB (STO:VIT-B) is a Swedish software designer specialized in comprehensive property and energy management systems for buildings, forecasting for energy companies (electricity, district heating and wind power), management systems […]

Hargreaves services plc

Today I would like to present you a company which pops up in nearly every value screener which we use and is already well known by some value investors (the result below is from the quant investing screener):     I’m talking about Hargreaves Services Plc. (OTCMKTS: HGRVF), which was founded in 1994 with the […]