11.21% Gravity 111.13%
8.34% Beenos 76.36%
7.07% PAX Global 57.84%
6.88% BRK 219.85%
6.67% SEA 57.86%
6.07% Funkwerk 21.71%
5.76% Enlabs 33.55%
5.54% Groupe Guillin 143.84%
5.47% Naked Wines 36.67%
5.31% TDOC 3.60%
5.13% Nekkar 46.04%
4.59% EVO 16.57%
4.45% Haier Smart Home 21.64%
4.32% Farmae 14.12%
4.26% Nelnet 55.31%
4.04% TXCOM 36.96%
3.92% WITBE 112.36%
3.91% 4D Pharma -2.40%
2.46% Maxcyte -0.54%
2.41% QDEL -2.57%
2.06% CLPT 20.69%
11.21% Gravity 111.13%
Gravity has just been amazing and I am still a big fan of the Korean gaming company.
The next quarter will look fabulous, the valuation in screeners should lighten up dramatically. This could give another boost in the short-term.
Long-term the whole year 2021 is full of game releases, included a lottery ticket with the possible entrance in the Chinese market.
8.34% Beenos 76.36%
The mini-Softbank from Japan is a tough nut to value. From the outside we have a cash-rich conglomerate, posting good results at a cheap valuation.
What Mr. Market may not have realized, are the hundreds stakes in different companies, like a fast-growing ecommerce biz or tokopedia. Tokopedia? Yeah, Beenos has a stake between 1-5% in the “Indonesian Amazon”, that could be more valuable than whole Beenos.
7.07% PAX Global 57.84%
Still too cheap, even after the recent rise of the stock. Having lots of cash on hand and slowly becoming more shareholder friendly, PAX’s story could go on for a while, selling payment devices worldwide.
6.88% BRK 219.85%
Nothing much to say about Berkshire. Yes, Apple is now a major part of the portfolio. There is also the unlisted subs, the other boring LT investments and of course around 120 billion dollar cash on hand. If things get ugly, I will be happy to own BRK. And I do not like paying taxes, so no selling planned.
6.67% SEA 57.86%
Twitter is full of useful information about SEA. In short, there are some things that set SEA apart from other growth stocks in my view. The main plus is, that they have a cash-generating sub Garena, providing the money for the other departments. The positive news flow is amazing, so many prospects at the same time. Just recently the banking license.
6.07% Funkwerk 21.71%
My German company for train traffic communication is lagging the market. I try to look at the raw numbers: some growth, high margin, cash on hand, nice cashflow, cheap valuation. So, lets just wait what happens.
5.76% Enlabs 33.55%
Enlabs received a takeover offer, aiming for 90%. The premium was an astonishing 1%. I am not going to sell, I am waiting for a raise.
5.54% Groupe Guillin 143.84%
My French plasic packaging co is an old friend of mine. I recently sold a part of my position. Valuation is still cheap, but the lack of growth and the headwind from politics are tough negatives to weigh.
5.47% Naked Wines 36.67%
One of my compounding machines, who profited big time in the recent year: Online wine sales grew much stronger than anticipated. Naked Wines in hindsight sold their legacy wine shops at the best time posstible.
5.31% TDOC 3.60%
After SEA my second high growth, high valuation stock. The analysis on twitter makes sense, the broken health system in the US is the perfect setting for online doctor visits. The big initial push by covid could be the start of a decade-long movement to online doctors. We will see.
5.13% Nekkar 46.04%
The rise of 20% in a day after the settling the law-suit shows the relief of Nekkar shareholders. Blue skies ahead.
Order backlog, cash rich and a very interesting story of a hidden champion in ship maintenance.
4.59% EVO 16.57%
Evolution, a Swedish provider of online casinos, is just one of the most profitable companies I have encountered. Huge margins, amazing growth in the last years, no end in sight. Comes at a price, but falls in my GARP territory.
4.45% Haier Smart Home 21.64%
The arbitrage situation from triple listed Haier Smart Home was just too tempting to let pass by. Hoping for up to 100% upside, that’s the difference from Shanghai to German shares. In between are the HK-Shares, which brought the whole system into motion and seem to be setting the tone.
4.32% Farmae 14.12%
The Italian online pharmacy has grown impressively in the last quarters. Great writeup by @AlexEliasson
4.26% Nelnet 55.31%
I got the idea from @aaronvalue, NNI is a diverse holding of student loans, cable provider, payment for universities just to name a few of them.
Being familiar with Tucows $TCX, I really liked the story of NNI. Cash generating student loans provide the money to build high-speed fibre in smaller cities.
NNI has a broader focus and a nice cashflow in front of them.
4.04% TXCOM 36.96%
I recently published a small tweet about the French nanocap TXCOM. Very cheap, cash, recent acquisitions.
3.92% WITBE 112.36%
I sold half of my position, not because I dont like Witbe, but because of “too much too fast”, technicals and needing money for other ideas. Outlook very positive, growing nicely at around 20% and just getting started.
4D Pharma + Maxcyte + CLPT
My new basked of Biotech companies require their own presentation. These are positions from twitter I follow and I liked their stories so much, that I allocated a position in each of them. All sharing short-term catalysts and great long-term prospects.
2.41% QDEL -2.57%
QDEL is a small position, a manufacturer of analysis devices for covid and other . They had a huge quarter and were very positive for the next ones, valuation is strangely low. They showed that they can earn a lot of money, if testing in general is here to stay, then QDEL will profit big time and not only temporary.