value and opportunity

Total Produce:

Best_choice already alerted me to the current developement with regard to Capespan. There is an excellent writup of all the latest developements over at Wexboy’s blog. So far it looks like Total Produce is making some really smart moves

AIRE KGaA

The already mentioned starnge behaviour in AIRE KgAA has just been resolved.

Announcement according to Article 21, Section 1 of the WpHG (share)
Person/company obliged to make the notification:
———————————–
Name: Alpine Select AG
Place: Zug
State: Schweiz
Publication pursuant to section 26 (1) WpHG
Alpine Select AG, Zug, Switzerland, has notified us pursuant to section 21 (1)
WpHG that its percentage of voting rights in our company exceeded the threshold
of 10% on 20 December 2011 and amounts to 10.37% (429,272 voting rights) as per
this date.
AIRE GmbH & Co. KGaA Speicherstraße 55 (‘WERFTHAUS’) D – 60327 Frankfurt am Main
Further inquiry note:
Thomas Stohlmeier
Tel.: +49 211 4355-5778
E-Mail: thomas.stohlmeier@cliffordchance.com
end of announcement

The Swiss Fund Alpine Select is a new player in the stock. Alpine Select is a listed Swiss based fund with a market cap of around 200 mn CHF. They seem to specialize in “special situations”:

StrategyThe Company’s goal is to achieve attractive absolute returns. This will be achieved by investing in securities, quoted or otherwise, of Swiss and foreign corporations, taking advantage of significant transactional events such as spin-offs, acquisitions, mergers, carve-outs and recapitalizations. The Company will actively pursue investment opportunities in which it believes its involvement will become a success factor in a transaction the investee company is party to.

They must have purchased their stake mostly OTC from one of the “old” investors. “Welcome on board” !!! This will be very interesting to see how this plays out next year.