MBB Industries

We feel lika a sitting duck on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger

MBB.DE (ISIN: DE000A0ETBQ4)

MBB Industries is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in companies seeking to sell off a part of the company, or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated company that no longer forms part of the organization's core business; and seeking for a management buyout or buy-in.

Market: Frankfurt

www.mbb.com/ 

Gain over the last quarter: +0.0 % 

Fair value: 127.5 €

Discount: 18%

Average yearly return: 59%

Yield: 1.2%

Outperformer

May 5 MBB SE

* Increases revenue by 25 pct to 98.2 million euros and EPS by 38% to eur 0.77 

* Q1 EBITDA increased by 38.0% to eur 10.8 million 

* To propose a dividend of eur 0.61 per share next to a special dividend 

* Q1 consolidated earnings for first three months of 2017 amounted to eur 5.1 million which also significantly exceeds previous year with eur 3.7 million

* Results underpin management forecast for 2017 with revenues of eur 390 million and earnings on level of previous year despite partial disposal of participation in Aumann Source text for Eikon