To help navigation in the blog I have grouped all my posts to categories in the “table of contents” below.

First group is my current portfolio holdings and second my other writeups.

Hope you enjoy,


Current or past portfolio holdings

Apetit – Finnish Food Conglomerate

  1. Cheapest stock of the week: Apetit
  2. Apetit: Food Conglomerate Turnaround (Part 1)
  3. Apetit: Food Conglomerate Turnaround (Part 2)
  4. Apetit H1/18 Pre-Commentary: Show Me the Money

Argo Group – Hedge Fund Manager

  1. Cheapest stock of the week: Argo Group Limited
  2. Argo Group: Light at end of the tunnel?

Catella – Financial Conglomerate

  1. Catella: Cheap Price Signal or Noise?
  2. Catella FY2017 Update: More Robust Than Ever?

CAFOM – Retail Conglomerate in French Overseas Regions

  1. CAFOM: Growing Electronics and Furniture retailer @ 6x P/E (excluding problems)
  2. Doubled down on CAFOM: Quick H1/18 update

Danske Andelskassers Bank- Local bank in Denmark

  1. “Trading diary”: Danske Andelskassers Bank

Elverket Vallentuna – Regulated Electricity Grid Operator

  1. Cheapest stock of the week: Elverket Vallentuna Ab
  2. Elverket Vallentuna revisited: Time for workout?
  3. On Swedish electricity grid business dynamics

Ferronordic Machines – Construction Equipment Dealer

  1. Cheapest stock of the week: Ferronordic Machines
  2. Ferronordic Machines: Russia, P/E 5 and 30% growth
  3. Ferronordic Machines Q3: Russia turning?
  4. Ferronordic prefs update: IPO conversion special situation

Groupe Cofdiur – French electronics subcontractor

  1. Groupe Cofidur: Simple Value or Corporate Governance Time Bomb?

Ilkka – E-marketsplace and media business

  1. Ilkka: Growing e-marketplace business with 6,9x P/E?

Installux: Aluminum Profile System Provider

  1. Installux: Switching Cost Competitive Advantage from France

Kotipizza – Restaurant Chain

  1. Should’ve, could’ve, would’ve…hindsight wisdom re Kotipizza
  2. Kotipizza: Bigger Slice of Pizza Market
  3. Trading diary entry: Purchase of Kotipizza

Martela – Office Furniture Manufacturer

  1. Cheapest stock of the week: Martela
  2. Martela revisited: Will iPad kill the furniture industry?
  3. Few more thoughts on Martela (part 3)
  4. Still no respect for Martela: Q4’15 update

Rezidor Hotel Group – International Hotel Operator

  1. Rezidor Hotel Group: Do Chinese Read Sun Tzu?

Telia Lietuva – Baltic Telco

  1. Telia Lietuva: Growing Baltic Telco (with Discount?) French Furniture E-Commerce Retailer

  1. Vente-Unique.Com: Rusty Growth Stock?

Other analysis

  1. Cheapest stock of the week: Arise Ab
  2. Cheapest stock of the week: Technopolis
  3. Cheapest stock of the week: Skånska Energi
  4. Medical Investment Trust: Private investment company 0.57 P/B
  5. BankNordic: Community Bank Far Away from the North Atlantic
  6. Millet Innovation (and self rant on value/tech investing controversy)
  7. Nordea sold and questions on conservativeness

Portfolio topics

  1. Drunk Uncles (and philosophy behind my investment strategy)
  2. Portfolio and blog situation update Q1/2017