Vysse36 @Vysse36 Twitter profile

Last Seen Profiles

@nenrin2024

@jaipchouhan

@kzzz06

@stw46

@Papuaviral1

@EarnhardtOutdrs

@EinRobert1

@EnviroTaylor

@ginkyo_sinjyuku

@papmantan69_

@t_bnt72592

@Lewysko

@LucindaEmbleton

@MARIN_ee7

@ahmadbedi1

@s7sk_q8

@vicvic1022

@Amir___Moon

@VmaniakJ

@joemcelderry91

@daisythejones

@ElenasArt51

@x1173485617584

@koalaidola

@_Vennie

@Kayak_R6

@iamethanwiley

@drAbdul_Wahab21

@UNC_BCBP

@juampigon

@Gee__Gazza

@K_VanIderstine

@1lolo28

@Siberia51719896

@Utah_Premier

@xrhasti

Vysse36

@Vysse36

3 months

Founded in 1938, Nippon Shindo Co. $5753.T, Ltd. is a leading Japanese manufacturer specializing in the production of copper brass rods, forgings and other items. The company is headquartered in Sakai, Japan, and counts 110 employees.

4

5

49

Vysse36

@Vysse36

3 months

$6346 Kikukawa is a growing and profitable net net. I am always impressed to see that such cases exist. They sell machine tools for lumber. Don't hesitate to share this post for better visibility :).

1

31

Vysse36

@Vysse36

1 month

Walter Schloss on unexpected value investing catalysts. When there is simply more potential for good than bad, the price increase is generally not exactly the one you were expecting.

1

30

Vysse36

@Vysse36

3 months

Sanko Co $6964.T is cheap. Growing Net-Net which just increased its dividend from 15 to 22 Y. If you want more ideas with graphs: If you like my posts, don't hesitate to like or share it :).

0

3

27

Vysse36

@Vysse36

7 days

Net nets are usually small unknown companies with low returns or no returns but some of them are profitable and growing.

Andy

@evfcfaddict

7 days

Another new position in my 🇯🇵 net-nets basket $3321.T - thx for the wonderful writeup @gw_investing !

4

2

41

1

3

20

Vysse36

@Vysse36

2 months

One of my side projects is to map net-nets worldwide to find the shortest road to deep value lands.

5

1

16

Vysse36

@Vysse36

2 months

I suppose it's possible to find companies whose market price is growing slower than their fundamentals. keihin looks a bit like that to me. @AltayCapital has written about this one.

1

17

Vysse36

@Vysse36

3 months

I have been looking for value opportunities in Japan over the last 3 years. It's still a good idea to explore the TSE. I have found many profitable net nets. How come they are so cheap? There are many explanations. What will be the next Japan?

0

2

16

Vysse36

@Vysse36

1 month

I just discovered a new interesting market with net nets. 👇 Have you ever visited Kuala Lumpur, in Malaysia, it looks like a very dynamic marketplace? I will post about several Malaysian companies, like Insas $3379.KLSE that trades at PB = 0.31 and PE = 8.55

1

0

15

Vysse36

@Vysse36

2 months

If you have screened the Japanese market, you may have stumbled upon $6964, a net-net. Price is 55% of NCAV Price is 35% net tangible value PE is <8. Debt is low

6

1

15

Vysse36

@Vysse36

2 months

Damn! Graham real life example. 👇 $9906.TSE is a Japanese former #netnet , growing, for enterprising investors. it provides electrical equipment and renewable energy equipment. Support my work with reposts :)

2

14

Vysse36

@Vysse36

2 months

My value investing portfolio is made of: $6382.T $5280.T $9906.T $9324.T $VCT.PA $NTT.WA $SFPI.PA $9845.T $1770.T $IDIP.PA $7871.T $3954.T $8881.T $PSAT.PA $ALDPX.PA $7235.T $7902.T $7399.T $6954.T $7297.T $1994.T $5956.T and others I will talk about. What's your fav?

3

2

14

Vysse36

@Vysse36

2 months

Important topic if you buy cheap Japanese stocks from abroad: JPY is historically cheap compared to EUR. (Tailwind for your investments?)

Charles Gave Officiel-Institut des Libertés

@IdLibertes

4 months

Prenons le taux de change du dollar contre le yen en exemple.

3

19

97

0

2

13

Vysse36

@Vysse36

3 months

$STF.WA : I stumbled upon this Polish net-net and I think it's promising. The EPS is at 4.5PLN (2022) for an NCAV at 9.2. One Problem, the float < 50%.

0

1

13

Vysse36

@Vysse36

1 month

Poligrafici Printing : Italian micro cap. Price = NCAV P/B = 0,31 Growing book value Profitable PE = 6,6

0

12

Vysse36

@Vysse36

3 months

Hosiden $6804.T is a Japanese net net, growing and profitable. Sold it too soon at NCAV but the price continued to go up. What is your process for such cases? from NET-NET to garp? keep it as long as it grows? more graphs here:

0

1

12

Vysse36

@Vysse36

2 months

Value Investing in Japan is stimulating. I like this one. It's a 10 to me. What do you think?

0

12

Vysse36

@Vysse36

5 days

Solekia 9867.T was founded in 1958 and is a Japanese company specialised in business services and IT consulting. It is a growing net net with expected EPS of 937Y NCAV = 9015Y Cash per share > 10000Y

0

4

11

Vysse36

@Vysse36

3 months

$7902 Sonocom is an interesting case to study for value investors. Market cap < Net Current Assets per share and growing book value cuz it makes money. Warning: no consolidated financial statement. I love their old website 😵‍💫

1

9

Vysse36

@Vysse36

2 months

What are your favorite accounts to discover deep value investing opportunities and get new insights? I like @AltayCapital and @DeepValueStonks for example.

2

0

10

Vysse36

@Vysse36

1 month

Malaysian stock exchange looks a bit like the Japanese Stock Market to me. Interesting net-nets there. What do you think?

0

9

Vysse36

@Vysse36

3 months

I stumbled upon this Polish net-net $STF.WA and I think it's promising. Some data is missing on the graph, but the EPS is at 4.5PLN (2022) for an NCAV at 9.2. problem, the float < 50%. @PSMP_GPW any opinion? Visit my profile for other analysis

1

9

Vysse36

@Vysse36

2 months

If you’re into value investing, follow Franck, he’s a great investor and @les_Daubasses are the best source of info I know.

Franck des daubasses

@Franck29589715

2 months

Samsung Climate Control $006660 J'ai vendu près de la moitié de ma ligne avec un gain de +130% en 4 mois J'ai accumulé cette action coréenne en février quand sa tréso nette couvrait plus 2x son cours Toute l'histoire à retrouver sur le forum : 👉

2

13

0

9

Vysse36

@Vysse36

3 months

Shinnihon $1879.T, one of my fav. Was so cheap but growing. Beautiful Japanese net-net. If you like these sorts of case studies, share my post.

0

3

9

Vysse36

@Vysse36

3 months

How to improve deep value investing awareness? Thanks to @DeepValueStonks and @evfcfaddict sharing my profile, many incredible followers have joined the ValeurGraph adventure. If you think my insights are useful for value investors, don’t hesitate to share too :). More ideas to

0

2

9

Vysse36

@Vysse36

3 months

Japan has a lot of hidden beauties : growing net-nets. You can buy companies for a fraction of their net current assets, sometimes with undervalued real estate and even profits. $4231.T is one of them. #value #valueinvesting #deepvalue

2

0

9

Vysse36

@Vysse36

1 month

If I want to look at a company, I want 2 things cheap: 👇 capital, and then growth opportunities. Hence 2 factors: cheapness and quality. Quality is mostly about ROA, low debt, moat. I focus on hardcore cheapness + BV growth + low debt.

0

9

Vysse36

@Vysse36

1 month

How do you define Value? 👇 If you scrutinise Graham's criteria, you'll see that the first 5 factors look for low prices relative to financial statements 📕. The next 5 do not involve stock price, they are measures of a firm’s quality ⭐️. Value = cheapness + quality.

0

9

Vysse36

@Vysse36

3 months

How to generate big returns? Net-net case study: Helios Tech will be bought by RS Technologies at 825Yen. $6927.T Nice hockey stick price surge. It was a beautiful Japanese net-net, full of cash. For more ideas, theses and case studies, visit my profile.

0

8

Vysse36

@Vysse36

3 months

Beautiful French net-net but ugly capital allocation. Let's talk about Passat $PSAT.PA. The margin of safety is quite clear. Lessons learnt: sell when there is no margin of safety left. I have more content like this to come. Check my profile.

0

8

Vysse36

@Vysse36

3 months

$SFPI.PA is a growing French company, specialized in building security and comfort, air treatment and energy management. Recently bought Virio and WO&WO. For more ideas:

0

8

Vysse36

@Vysse36

2 months

I am quite proud of this one because I caught it almost solely with my graphs and I had a high conviction. Building my own convictions and feeling that I am autonomous and free is important in my learning journey.

0

1

8

Vysse36

@Vysse36

3 months

What is your process? Have you a formal way of doing things? Do you read financial reports? I have found coding and python extremely valuable to me, but I still read the reports and everything I can related to investment ideas.

1

8

Vysse36

@Vysse36

3 months

Is Michael Burry a value investor? 👇 I looked at his portfolio and some companies trade below book value and below net tangible assets, both growing. Look like value investing to me.

1

0

8

Vysse36

@Vysse36

3 months

New case study of value investing the Graham way: French net-net that is profitable and benefitting from investment in oil&gas. They approved a 5.00 EUR dividend paid from June 21. The Board okayed share buyback program: 10% of capital up to 18M EUR$ALGEV.PA

0

8

Vysse36

@Vysse36

2 months

What's your secret to avoid falling in love with a company you have spent days analysing? What's the name of this bias?

8

1

7

Vysse36

@Vysse36

4 months

Growing Book Value + Net-Net, another example of value investing that paid well👇 The hardest question then is, when to sell? The BV was growing strong but I kept NCAV as the value proxy. No timing.

2

1

7

Vysse36

@Vysse36

2 months

Asax $8772.T is a cheap and growing net net, the NCAV has been stagnating though. Asax is a very small cap, Japan-based, specialized in real estate equity loans, credit guarantee business and real estate sales business. price = 70% NCAV and PE = 8

0

7

Vysse36

@Vysse36

3 months

French paper industry: Exacompta $ALEXA.PA is cheap and growing.👇 Almost a net-net with growing book value and NTA. I analyzed it and owned it a couple of years back. patience is key... Share this post if you liked it :). If you like this graph:

0

7

Vysse36

@Vysse36

3 months

@QCompounding The Intelligent Investor, Benjamin Graham

0

7

Vysse36

@Vysse36

2 months

It's hard to know when to sell. Often, I sell too soon. If I found wonderful businesses at a fair price, I wouldn't have to sell. But I focus on fair businesses at wonderful prices because it's easier to me.

1

0

6

Vysse36

@Vysse36

2 months

I need you! Part 2: I combine the plotting feature with a simple screener to find cheap companies based on Graham Number. Question: Do you like it?

0

7

Vysse36

@Vysse36

11 days

I tried a simple filter: low price to Graham Value and positive NCAV. I stumbled upon $HOLCO.AS Under pressure because of the construction industry.

0

7

Vysse36

@Vysse36

2 months

Main drivers of Japanese rally: cheapest developed market valuations + reforms + reassessment of the growth outlook, shift from deflation to inflation + corporate governance improvement + Money outflows from China to Japan.

0

7

Vysse36

@Vysse36

3 months

Herige $ALHRG.PA is a Fr small cap in concrete, building materials and joinery. It was cheap compared to NTAV in 2020, and still is. But the perimeter has changed: HERIGE sold its Building Materials Trading to SAMSE Group. Visit my profile for other ideas.

0

1

7

Vysse36

@Vysse36

7 days

Sanko Co $6964.TSE is a profitable Japanes net-net and it has not fully recovered since beginning of the August crash.

1

0

7

Vysse36

@Vysse36

3 months

Paris stock market soon.

0

1

7

Vysse36

@Vysse36

2 months

Have you hear about this one?👇 $3236.TSE had appeared at the top of my screener for quite a long time and it is still a good one in my eyes. #netnet #graham #ValueInvesting

0

6

Vysse36

@Vysse36

1 month

Not a Net-Net, but I have a passion for medium sized industrial companies and Italy is a strong industrial country. Emak has a growing NTAV and is priced at a discount compared to book value and 10 times earnings. Good will is high though. PB = 0.58, PE = 10.84

0

1

6

Vysse36

@Vysse36

2 months

Look! Another example of net-net glass ceiling around NCAV? I think I will share a full document on that topic. Would you be interested in such visual studies? 👇

0

6

Vysse36

@Vysse36

2 months

About Net-nets (NCAV): "Our purchases were made typically at two-thirds or less of such stripped-down asset value. In most years we carried a wide diversification here—at least 100 different issues." Graham

0

7

Vysse36

@Vysse36

2 months

Happy 14th of July everybody. Let's celebrate French Net-Nets' day! 👇 #ValueInvesting #14juillet

0

2

6

Vysse36

@Vysse36

2 months

How can you make +67% ion 2.5 years with Real-Estate?👇 With Real-estate deep value companies. I had some success with MG Homes 8891.TSE and Shinnihon 1879.TSE You can also look at the balance sheet and search for undervalued real-estate assets.

0

6

Vysse36

@Vysse36

2 months

Value = Capital + Quality? 👇 Look at Graham's criteria: the first 5 factors look for cheap prices relative to value proxies from financial statements 📕. The next 5 do not involve stock price, they are measures of a firm’s quality ⭐️.

0

6

Vysse36

@Vysse36

9 days

$ALMGI.PA and $ALPDX.PA are two companies involved in the swimming pool industry. @LuchesiPhilippe just posted about Maytronics and what they did to $ALMGI.PA, explaining why it's cheap compared to balance sheet and income statement.

1

5

Vysse36

@Vysse36

3 months

@evfcfaddict Interesting:

0

6

Vysse36

@Vysse36

6 days

MG Home $8891.T is a growing and profitable net net that I have been following for a few years but sold too soon. The recent drop in price may be an opportunity.

0

6

Vysse36

@Vysse36

1 month

@IdLibertes Que penser des actions d’entreprises japonaises aux bilans solides bourrés de yen qui baissent aussi fortement?

1

0

6

Vysse36

@Vysse36

2 months

The performance of Buffet is incredible because it has been sustained for so many years. But my fav remains young buffet. I wonder why Schloss perf is so low... Any good book about Schloss?

4

1

6

Vysse36

@Vysse36

2 months

NCAV: "The idea here was to acquire as many issues as possible at a cost for each of less than their book value in terms of net-current-assets alone—i.e., giving no value to the plant account and other assets." Graham

1

0

6

Vysse36

@Vysse36

13 days

I think Toso $5956.T looks like a value trap, but the price is lower and lower compared to book value.

0

5

Vysse36

@Vysse36

3 months

@Sutjeinvestor @evfcfaddict @SLuckymotion @memyselfandi006 The best source of information for French quality stocks is @LuchesiPhilippe

2

0

5

Vysse36

@Vysse36

2 months

I have talked about realtors in Europe, but this Japanese home builder is much cheaper and better quality (low debt, current assets > short term debt). $8917 is worth further investigations. Compare with French $ALHEX.PA

0

5

Vysse36

@Vysse36

2 months

Play the 7 errors with me. I think I have found two companies with similar activities and profiles. Inpro and Stradim. Look:

0

5

Vysse36

@Vysse36

3 months

Endo $7841.T On the importance of being patient: keep your position as long as see your margin of safety. Perform buffer management (green, yellow, red zones). I clearly sold while in the green zone...

0

5

Vysse36

@Vysse36

2 months

"We think that a record of continuous dividend payments for the last 20 years or more is an important plus factor in the company’s quality rating. Indeed the defensive investor might be justified in limiting his purchases to those meeting this test." Graham

0

5

Vysse36

@Vysse36

3 months

Cogra is cheap compared to NTAV, but reports €7.7M revenue for Q3 2023/24, down from €17.0M in Q3 2022/23. Annual revenue is €34.4M, a 19% drop.

0

5

Vysse36

@Vysse36

3 months

@AltayCapital so cheap! I want Sonocom

0

5

Vysse36

@Vysse36

3 months

As Graham never stops reminding us, stocks do well or poorly in the future because the businesses behind them do well or poorly—nothing more, and nothing less.

1

0

5

Vysse36

@Vysse36

2 months

According to Charlie Munger, Graham's style works but ONLY at small scale. What is small scale?

0

5

Vysse36

@Vysse36

2 months

Can you spot what made TYK an attractive case in my eyes?

0

5

Vysse36

@Vysse36

3 months

@ragingbullcap @DiegoLa95810478 Nice!

0

5

Vysse36

@Vysse36

3 months

Fujii Sangyo $9906.TSE is a Japanese former #netnet , growing, for enterprising investors. it provides electrical equipment and renewable energy equipment. You like my graphs, more to come:

0

1

5

Vysse36

@Vysse36

30 days

More and more activist funds in Japan.

Made in Japan 🇯🇵

@InvestInJapan

1 month

Some stats on Activism in 🇯🇵 from IR Japan ($6035.JP) Pres 🧵 73 Activist funds in Japan as of July 31.

2

6

34

2

1

5

Vysse36

@Vysse36

2 months

The real reason why I am bullish on Japan. 😆

Callisto Roll

@callistoroll

2 months

Japan has confirmed it will now consider updating the country's entire digital infrastructure to Windows XP after the historical global IT outage.

315

3K

22K

1

0

5

Vysse36

@Vysse36

1 month

DATA Modul $DAM.XETRA is a German company that trades below NCAV value. Do you know what happened? Current Assets > 2*Current Liab: 2 Net Current Asset > Non Current Liabilities: 3.9 Earnings>0 for 10 Years: True Price < NCAV: 1.04 Price < 15 EPS: 5.03 Price < 1.5 BV: 0.62

1

6

Vysse36

@Vysse36

2 months

Nippon Active Value Fund point of view - not looking for the best companies but: - too much cash or real estate - not followed by analysts - open shareholdings and companies that can be influenced by activists. (Not investment advice of course!)

0

2

4

Vysse36

@Vysse36

2 months

Why you should have a look at the Polish stock market.

0

5

Vysse36

@Vysse36

2 months

"In 1951, many American businesses were still worth more dead than alive. Graham encouraged his students to use real-life examples from the stock market to illustrate this, down-and-dirty companies such as Greif Bros. Cooperage🧵

2

0

4

Vysse36

@Vysse36

2 months

Backtesting Graham. It works. I have been looking at several papers to see if the Graham approach is backed up by some studies or backtests and I found a few. If you have good sources please share. The results: CAGR about 15%... To Be Confirmed 😉

0

4

Vysse36

@Vysse36

4 months

Hidden beauties : France has got some pretty net-nets for a long time, but most of them generate good returns once in a while. Cofidur is one of them. #valueinvesting #deepvalue

0

4

Vysse36

@Vysse36

15 days

@AltayCapital It was a beautiful net net! There many like that.

0

4

Vysse36

@Vysse36

1 month

Malaysian Net-nets: let's continue our series about the Kuala Lumpur Stock Market and these exotic Grahamian stocks. Do you know this company: $7230.KLSE? P/B = 0.62 P/E = 4.45

3

0

4

Vysse36

@Vysse36

2 months

My method: find patterns to improve my process. It's empirical and biased, for sure. But I only have a hammer 🔨, so I see nails everywhere.

0

4

Vysse36

@Vysse36

3 months

"A stock does not become a sound investment merely because it can be bought at close to its asset value. The investor should demand, in addition, a satisfactory ratio of earnings to price, a sufficiently strong financial position, etc." Graham

0

3

Vysse36

@Vysse36

2 months

Diversification is the companion of the margin-of-safety. No big fortune were made with diversified positions, but many small fortunes were. Walter Schloss had >100 positions at some point.

0

4

Vysse36

@Vysse36

1 month

Patience.

0

1

4

Vysse36

@Vysse36

2 months

I like to imagine the way Schloss, Graham and Buffet used to work. They achieved staggering results with much less technology than we do. Good principles and consistent execution is the key. There's nothing as practical as a good theory.

0

1

4

Vysse36

@Vysse36

2 months

Nippon Active Value Fund - where do they find opportunities?

Q&A - 3 - Where are you currently finding opportunities?

This is "Q&A - 3 - Where are you currently finding opportunities?" by Nippon Active Value Fund on Vimeo, the home for high quality videos and the people…

vimeo.com

1

0

4

Vysse36

@Vysse36

16 days

@gw_investing Indeed very interesting thank you for your work.

0

5

Vysse36

@Vysse36

2 months

One last puff of cigar butts. Focus on companies trading below working capital. Quick analysis, don't spend too much time analyzing their quality. But diversify. #valueinvesting #graham #snowball #netnet

0

4

Vysse36

@Vysse36

4 days

🎉Thank you all, I just noticed that I have a 1000 followers to read my posts about net nets and Grahamian ideas. 🎉Publishing these graphs may help you get new insights, I hope you find it useful. It motivates me to release the tool and to continue writing posts. Thanks 🙏

0

8

Vysse36

@Vysse36

2 months

Net-nets: that's why many people sell their net nets around NCAV. What do you think?

0

4

Vysse36

@Vysse36

3 months

@orrdavid @CapTableKing Nice growth and quite cheap in fact.

0

4

Vysse36

@Vysse36

3 months

La bourse de Paris. Happy to be a value investor.

0

4

Vysse36

@Vysse36

5 days

@Ben_ValueInvest Trinity industrials 6382, mitachi 3321, sanko co 6964, Canare Electric 5819 and others with the same profile

0

4

Vysse36

@Vysse36

1 month

Steve Jobs’ turnaround of Apple teaches us important lessons in value investing: even when a company seems doomed, there’s often hidden potential. Difficult decisions and a laser-focused strategy can revive a struggling business. Investment is about real companies, supporting

Ole Lehmann

@oledoteth

1 month

When Steve Jobs returned in 1997, he had 90 days to save Apple from bankruptcy. Everyone in Silicon Valley thought it was doomed. Steve was right. Everyone was wrong. It's the comeback story of the century and every entrepreneur must know how he did it 🧵:

78

743

4K

0

4

Vysse36

@Vysse36

1 month

The 2 sides of the same coins:

0

4

Vysse36

@Vysse36

4 days

$2168.T Pasona Group's strong financials and becoming a Net-Net company = special dividend of 60yen per share. NCAV/price = 102% 2223Y per share Cash per share 4900Y

1

6