Kone

KONE Corporation – Rising on demographics

KONE is one of four global players, which dominate the worldwide market for elevators & escalators (E&E). The company is set to benefit from demographic and technological changes in the long-run. With an oligopolistic market structure and high barriers to entry, profitability will remain on a high level. Altogether with a strong financial performance and shareholder…

Update: Zamano winding down its business and distribute maximum cash to shareholders

Regarding my analysis on Zamano PLC, regulatory changes forced Zamano´s management to close down its business earlier than I anticipated. The recent sell-off drove shares down to a level where the companies (anticipated) distributable cash exceeds market value by a significant margin of safety. Nevertheless, this statement is provided on a stand-alone valuation based on…

Update: Alliance Resource Partners featured by „The Acquirer´s Multiple“

Regarding my coverage on Alliance Resource Partners (ARLP) from March 2016, I came across an interesting artice by Tobias Carlisle (famous value investor and book author) from „The Acquirer´s Multiple“. The article can be found here on Valuewalk.com and here on Carlisle´s webpage. The article shares a lot of ideas with my own research highlighting…

Zamano PLC

Zamano PLC – Special situation value opportunity

Summary Zamano PLC is an event-driven value opportunity, through excess capital distribution and significant cash earnings power in the short- to mid-term. The company is an Ireland-based provider of messaging gateways, payment services and marketing campaigns for mobile phones. Zamano is offering its services in Ireland, UK and Australia. With its main revenues generated in UK, the…


Fatal error: Allowed memory size of 62914560 bytes exhausted (tried to allocate 1851392 bytes) in /homepages/41/d614800649/htdocs/clickandbuilds/VCERIAL/wp-content/plugins/wordfence/vendor/wordfence/wf-waf/src/lib/storage/file.php on line 567