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Fredrik Sjodin's avatar

Thanks for posting! I have a similar Japanese small cap value basket approach as part of my broader portfolio. Albeit slightly more concentrated (20 names currently) and with a little more focus on business quality (ROIC, FCF) in the screen, which brings the basket valuation up slightly (0.7x P/B) as some of the super cheap names get filtered out. Some companies in my portfolio that are not on your list are 5078 CEL, 9872 Kitakei and 1879 Shinnihon. They might be worth a look. The first two are trading below net cash (negative EV) and the third has net cash at 80% of market cap… Only in Japan!

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AltayCap's avatar

I'll likely provide a year end update to this portfolio. I've since shuffled a lot of names around and added some much cheaper names that I have higher conviction on.

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