deep Value

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 […]

METKA S.A.: One of the cheapest companies in the world?

Today we would like to present you METKA, which is probably one of the cheapest stocks in the world. Before we start with actual valuation, we provide an executive summary as this is a rather long post. Afterwards we would like to highlight the history of this over 50 year old company.   1. Executive […]

Hornbach Baumart AG First Quarter Update and potential catalyst

Since our last post some interesting things happened which we think are still not reflected in the share price of the Hornbach Baumarkt AG.   1. The representatives of Kingfisher, which had owned 25% of the common stocks of the holding and 5% of the Baumarkt shares have left the supervisory board and have sold […]