Small Cap Teikoku Corporation has 40% market share in the mission critical canned sealless pump market and is trading at a 9% shareholder yields with 5% LT organic sales growth and expanding margin.
Interesting find. Thanks for sharing what you’ve learned. The anecdote of the shareholder arguing with the company investing for growth made me smile… some value investors will never be able to hold compounders.
If you like 6333, you might like Tacmina Pump $6322 s well. its in a similar business (special pumps) and very cheap with net cash on the balance sheet. Slow grower and lacks catalyst though. I have a small position in Tacmina pump.
Thanks a lot for sharing this name. I believe they started to do a bit of buyback if they increase this significantly that I will become interested. They do have nice margin 14% - so definitely will keep in the watchlist. For now I am shying away of cash hoarder even trading below PE10 with no growth or very little growth with limited shareholder yields. Lets hope they crank the shareholder returns to HSD (8-9%) like Teikoku and I would be interested.
Love your ideas. If you like high shareholder returns, have a look at my SE Holdings write-up, buybacks+div running at ~ 13-14%. Though underlying business not as good as Teikoku.
Thanks for pointing out, I think Varecs holding might be hidden under Goldman Sach broker on the company website. Goldman Sach owns 17% of the shares which match Varecs
Interesting find. Thanks for sharing what you’ve learned. The anecdote of the shareholder arguing with the company investing for growth made me smile… some value investors will never be able to hold compounders.
Yes its always good to get to be challenged with a strategic review threat we learn the real issue
If you like 6333, you might like Tacmina Pump $6322 s well. its in a similar business (special pumps) and very cheap with net cash on the balance sheet. Slow grower and lacks catalyst though. I have a small position in Tacmina pump.
Thanks a lot for sharing this name. I believe they started to do a bit of buyback if they increase this significantly that I will become interested. They do have nice margin 14% - so definitely will keep in the watchlist. For now I am shying away of cash hoarder even trading below PE10 with no growth or very little growth with limited shareholder yields. Lets hope they crank the shareholder returns to HSD (8-9%) like Teikoku and I would be interested.
Love your ideas. If you like high shareholder returns, have a look at my SE Holdings write-up, buybacks+div running at ~ 13-14%. Though underlying business not as good as Teikoku.
This is based on tikr and i just double Check with zonebourse and saw the same 20% varecs. Maybe Varecs sold recently.
Company homepage lists brokers/custodians of VARECS.
look here: https://ssl4.eir-parts.net/doc/6333/tdnet/2541023/00.pdf
filing states VARCES is largest shareholder, (i google translated it)
The only seller i found is Mitsubishi Electric Corporation, they still hold almost 8%.
so there will be some selling pressure in the near future.
Thanks for pointing out, I think Varecs holding might be hidden under Goldman Sach broker on the company website. Goldman Sach owns 17% of the shares which match Varecs