value and opportunity

And the next batch of (mostly) randomly selected German stocks. The only exception I do make for my selection is when one company owns a big stake or is related closely to another listed company. Then I’ll try to look at them in sequence. This time, 5 stocks made it onto the watch list.

426. MBB SE

Another listed “Mittelstands” holding company with a 317 mn EUR market cap. Looking at the stock chart we can see, that between 2015 and 2017 the stock price went up significantly,  Since then the stock is on a downward trend, despite share repurchases:

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Halftime !!! I covered now more than 50% of the German stock universe which is around 800 shares. In this post you’ll see still some entries that I have written pre-crisis that I then had to update significantly. Overall these 25 stocks resulted in 6 watch list candidates which is clearly above average.

376. Instant IPO Holding AG

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The next batch of 25 randomly selected German stocks.

In the last post, someone asked why I do not filter out certain stocks (Nanocaps etc.). I have thought of this, but decided against it.  The main reason is that some of these “Zombie’s” have really interesting stories that might contain important lessons. Plus there is a VERY small chance that a real gem is hiding somewhere, although I haven’t found one yet.

This time, I only put 3 stocks on my watch list, but some of the “passed” stocks have really interesting stories.

326. United Labels AG

United Labels is another child and survivor of the Dotcom boom. The 8.7 mn market cap company is active in licensing brands to producers of everyday articles like T-Shirts etc. Top line is however shrinking since a few years and this year they had to put their Spanish subsidiary into insolvency. “pass”.

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At the moment I can keep the weekly frequency for this series. This time, the random generator only included 2 stocks that in my opinion are worth “watching” but some of the stocks covered have interesting histories.

301. Lotto24 AG

Lotto24 is providing online access to Germany’s state lottery. With a market cap of 353 mn, investors get a run rate of 5mn Profit. The high market cap is mostly a result of a successful take-over event of Zeal Group, which now seems to own 93% of the shares. a “pass” for me.

302. WCM Beteiligungs- und Grundbesitz Aktiengesellschaft

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