Ubisoft Entertainment

UBI.PA (FR0000054470)

Ubi Soft Entertainment SA is an international producer, publisher and distributor of interactive entertainment products, primarily video games. In partnership with other companies, it has developed video games for all platforms, including Playstation2, Xbox, Dreamcast and the Nintendo GameCube. As well as continuing to partner with several companies, the Company has also confirmed its presence in the global market by developing its own properties.

Market: Euronext Paris

https://www.ubisoft.com/

Fair value: 39.5 €

Discount: 17%
Average yearly return: 45%
Yield: N/A
Outperformer

September 21, 2016: 
Ubisoft Sells $445 Million of Bonds to Fund Game Projects

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MGP Ingedrients

MGPI (US55303J1060)

MGP Ingredients, Inc. is a holding company. The Company's principal operating subsidiaries are MGPI Processing, Inc. and MGPI of Indiana, LLC (MGPI-I). The Company produces and supplies distilled spirits, and wheat proteins and starches.

Market: Nasdaq

http://www.mgpingredients.com/

Fair value: $ 55

Discount: 9%
Average yearly return: 58%
Yield: 0.31%
Outperformer

On December 28, 2016
MGP Ingredients announced that Karen Seaberg, Chair of the Board of Directors, has adopted a stock trading plan pursuant to Rule 10b5-1 under the Securities and Exchange Act of 1934 and the company’s policies with respect to insider sales. Ms. Seaberg controls Cray MGP Holdings LP, a family limited partnership which owns approximately 15 percent of the company’s outstanding common stock. Under the terms of the stock trading plan, an authorized third-party broker will sell shares beneficially owned by Ms. Seaberg generating net proceeds of up to $2.25 million, on or before December 31, 2017.

Sioen

SIOE.BR (BE0003743573)

Sioen Industries, N.V. is an integrated industrial group active in the fields of technical fabrics and specialty chemicals. The Company operates through three divisions.

Market: Euronext Brussels

http://www.sioen.com

Fair value: 30 €

Discount: 6%
Average yearly return: 43%
Yield: 2.5%
Outperformer

On December 21, 2016 Sioen announced:

The acquisition of 100% of shares of Verseidag Ballistic Protection Oy from Verseidag-Indutex GmbH, a member of Jagenberg Group.

Tal Education Group

TAL (ISIN: US8740801043 )

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People's Republic of China (the PRC).          

Market: NYSE

http://en.100tal.com/

Fair value: $ 80
Discount: 13%
Average yearly return: 44%
Yield: N/A
Outperformer

Out of 7 analysts covering Tal International Group Inc. (NYSE:TAL), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive.

Scapa Group

SCPA.L (ISIN: GB0007281198)

Scapa Group plc is an international manufacturer of standard and custom-engineered adhesive tapes, films and other compounds used to assemble, insulate, protect, repair and identify products and components. It is divided into the following segments: medical, cable, automotive and industrial.                

Market: FTSE AIM

http://www.scapa.com/ 

Fair value: £ 3.05

Discount: N/A
Average yearly return: 38%
Yield: 0.86%
Outperformer

Scapa Group Plc

Berenberg raises target price to 355p from 310p; rating buy 

Euro investors now bullish on Switzerland

MBB Industries

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/

Fair value: 73 €
Discount: 9%
Average yearly return: 45%
Yield: 2.3%
Outperformer

On November 4, 2016
MBB SE announced 9-month EBIT up 47.7 pct at 18.1 million euros

Tucows

TC.TO (ISIN: US8986972060)

Tucows Inc. is an Internet services provider. The Company focuses on serving the needs of network of resellers by providing services, interfaces, customer service, reseller-oriented technology, and design and development processes.      

Market: Toronto

http://www.tucowsinc.com/

Fair value: CAD 48.00
Discount: 4%
Average yearly return: 49%
Yield: N/A
Outperformer

December 9, 2016
Tucows Inc. reported $0.45 earnings per share for the quarter. Tucows had a return on equity of 52.28% and a net margin of 8.08%. The business had revenue of $49.10 million for the quarter. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis.

IBA

IBAB.BR (ISIN: BE0003766806)

IBA (Ion Beam Applications) is in the business of providing equipment to businesses within the nuclear medicine and cancer therapy markets.         

Market: Euronext Brussels

http://www.iba-worldwide.com

Fair value: 50 €
Discount: 25%
Average yearly return: 43%
Yield: 0.7%
Outperformer

On November 16, 2016 IBA announced:

• Group revenue up 19.3%, full year 2016 revenue growth guidance of approximately 20%
• Continued strong growth in Proton Therapy, with Proton Therapy and Other Accelerators setting a new record backlog of EUR 362.6 million
• FY operating margin expected to be around 10% due to slower Dosimetry business

Fountaine Pajot

ALFPC.PA (ISIN: FR0010485268)

Fountaine Pajot SA manufactures cruising catamarans         

Market: Euronext Paris

http://www.fountaine-pajot.com/

Fair value: 52 €
Discount: N/A
Average yearly return: 52%
Yield: 1%
Outperformer

On October 18, 2016 :

Fountaine Pajot FY revenue up 14.6 pct at 70.6 mln euros

Indices

We are bearish on the Belgian stock market:

American stocks are still 10% overbought:

European stocks are some 5% too expensive

Small is beautifull

November was undoubtfully the right month for small-cap stocks.
They went UP by 12% in one month.

With +11%/month the small- and midcaps also did a great job in November.

 What a difference with the monthly loss of London.

Texas Pacific Land

TPL (ISIN: US8826101086)

Texas Pacific Land Trust (the Trust) is engaged in sale and lease of land owned by it, retaining oil and gas royalties, temporary cash investments and the overall management of the land owned by it. The Trust’s income is derived primarily from land sales, oil and gas royalties, grazing leases and interest.        
Market: NYSE

http://www.tpltrust.com/

Fair value: $ 305
Discount: 4%
Average yearly return: 40%
Yield: 0.25%
Outperformer

November 23, 2016
For the year ended 2016-09-30 Texas Pacific Land Trust basic consolidated EPS reported was $6.1037.

Creighton

CRL.L (ISIN: GB0002341666)

Creightons plc is engaged in the development, marketing and manufacture of toiletries and fragrances. The Company operates through three business streams: private label business, contract manufacturing business and branded business. Its private label business focuses on private label products for high street retailers and supermarket chains. Its contract manufacturing business develops and manufactures products on behalf of third party brand owners.           

Market: London

http://www.creightonsplc.com/

Fair value: £ 0.1725
Discount: 5%
Average yearly return: 37%
Yield: N/A
Outperformer

On November 3, 2016 :

Creightons PLC said it expects to report a rise in sales for its first half

The toiletries and fragrances company will report results for its first half to the end of September during the last week of November, it said.

It expects to report sales in the region of GBP15.7 million for the half, compared to GBP10.8 million the prior year. 

Digital Bros

DIB.MI (ISIN: IT0001469995)

Digital Bros SpA is an Italy-based company engaged in the publishing, distribution and marketing of video games. It divides its business into five sectors.   

Market: Milano

http://www.digital-bros.net

Fair value: 17.25 €

Discount: 36%

Average yearly return: 60%

Outperformer

November 11, 2016
Digital Bros Reported Q1 total net revenue 33.4 million euros ($36.25 million) versus 25.3 million euros a year ago Q1 net profit 7.9 million euros versus 1.6 million euros a year ago

Lydall

LDL (ISIN: US5508191062)

Lydall, Inc. designs and manufactures specialty engineered air and liquid filtration media, automotive thermal and acoustical barriers, passive and active industrial thermal and insulating solutions and certain medical filtration and bioprocessing components for demanding thermal/acoustical and filtration/separation applications. 

Market: NYSE

http://www.lydall.com/

Fair value: $ 64
Discount: 6%
Average yearly return: 44%
Yield: N/A
Outperformer

On November 1, 2016 :
Lydall, Inc. reported revenue over the trailing twelve months of $530 million, compared to $524 million a year ago, or a 1.1% change. Two-years ago the company generated $472 million in revenue, a 10.9% change from the most current year.

Produits Chemiques (PCAS)

PCA.PA (ISIN: FR0000053514)

Pcas, formerly Produits Chimiques Auxiliaires Et De Synthese SA, is a France-based company engaged in the development and manufacture of complex molecules for life sciences and specialty chemicals markets. It operates through nine production sites and two main business units,

MARKET: Euronext Paris

www.pcas.fr

Fair value: 12 €
Discount: 9%
Average yearly return: 41%
Yield: 1%
Outperformer

November 3, 2016
Pcas : 9-month revenue 134.1 million euros ($148.77 million) versus 123.5 million euros year ago

ABIOMED

ABMD (ISIN: US0036541003)

Abiomed, Inc. is a provider of temporary percutaneous mechanical circulatory support devices. The Company offers care to heart failure patients.

MARKET: Nasdaq

www.abiomed.com

Fair value: $ 126
Discount: 11%
Average yearly return: 57%
Yield: N/A
Outperformer

October 27, 2016
Abiomed announces 16Q2 revenue of $103 million, up 35% over prior year GAAP earnings per share $0.20 Sees 2017 revenue $435 million to $445 million The company currently has no debt

Groupe Open

OPN.PA  (ISIN: FR0004050300)

Groupe Open SA is a France-based information technology service provider company that designs, produces and installs interactive information systems. It operates under three segments: Consulting, Application Engineering and Infrastructure Services. The Company has one direct subsidiary, Open, and nine indirect subsidiaries. It is present in France, Luxembourg, Canada, the United Kingdom, China, Ukraine, and Spain and provides consulting services to assist companies in the development of their information technology (IT) systems to incorporate online technologies.

http://www.groupe-open.com

Market: Euronext Paris

Fair value: 26.25 €

Discount: 18%

Average yearly return: 41%
Yield: 1.25%

Outperformer

October 20, 2016
Groupe Open SA announced :
* Q3 revenue 70.6 million euros versus 65.3 million euros ($71.38 million) year ago 

* Confirms FY 2016 objectives

Umanis

UMS.PA (ISIN: FR0010949388)      NEW in our database!

Umanis SA is a France-based company engaged in the provision of information technology (IT) services, which are primarily consulting, engineering and outsourcing. The Company offers studies, IT audit services and conducts changes within the organization, among others. Together with its subsidiaries it provides services in three core areas: Business Intelligence, Customer Relationship Management (CRM), and Web & IT.

Market: Euronext Paris

Fair value: 39.50 €

Discount: 4%

Average yearly return: 46%

Outperformer

September 5, 2016

Umanis SA : H1 net income group share 2.1 million euros ($2.34 million) versus 1.7 million euros year ago . H1 revenue 77.6 million euros versus 74.1 million euros year ago .H1 operating income 3.1 million euros versus 2.9 million euros year ago.