Weekly Screens

Net-nets In The Market (11th September 2021)

Discover this week's net-nets.

Overview

  • Learn about Graham’s net-net strategy here.
  • Chinese companies were excluded to reduce the likelihood of accounting ‘inconsistencies’.
  • Financial companies and those with no revenue were excluded.
  • Companies with market caps exceeding $1 billion were excluded.
  • Markets analysed: U.S., Japan, Australia, Canada, UK, Germany, Switzerland, Italy, Netherlands, France.
  • Zero net-nets were found in Australia, Germany, Switzerland, or Italy.
  • Total net-nets found across all analysed markets was 63.
  • Japan had the most net-nets, at 53.
  • Stock prices are given for Japanese net-nets, since Japanese exchanges here require a minimum of 100 shares to be bought (1 lot), which can get expensive. I personally buy the cheapest ones with the highest discount to NCAV.

Japan

TickerDescriptionPrice (JPY)P/NCAV
4764NEXUS BANK CO LTD1570.38
6416KATSURAGAWA ELECTRIC CO6580.39
3600FUJIX LTD15820.41
8046MARUFUJI SHEET PILING CO20500.45
6142FUJI SEIKO LIMITED13450.47
4957YASUHARA CHEMICAL CO5470.48
8152SOMAR CORPORATION18590.49
6943NKK SWITCHES CO LTD42350.49
7922SANKO SANGYO CO3380.51
6390KATO WORKS CO LTD9300.51
6303SASAKURA ENGINEERING CO26160.51
6964SANKO CO LTD4830.54
3504MARUHACHI HOLDINGS CO LTD7930.54
7887NANKAI PLYWOOD CO55200.54
5921KAWAGISHI BRIDGE WORKS CO LTD30650.55
6794FOSTER ELECTRIC CO9440.55
2917OHMORIYA CO LTD8170.56
8139NAGAHORI CORP1770.56
8249TECHNO ASSOCIE CO10570.57
2055NICHIWA SANGYO CO3190.57
7427ECHO TRADING CO6640.59
6804HOSIDEN CORP9640.59
5900DAIKEN CO LTD7240.59
6496NAKAKITA SEISAKUSHO26800.60
7314ODAWARA AUTO-MACHINE MFG CO LTD5320.60
6249GAMECARD-JOYCO HLDGS INC12580.60
9885CHARLE CO LTD4740.60
5979KANESO CO. LTD.41200.60
6927HELIOS TECHNO HOLDING CO LTD3450.60
7537MARUBUN CORP8170.60
9995GLOSEL CO LTD4280.60
7422TOHO LAMAC CO30900.61
6986FUTABA CORP8190.61
7758SEKONIC CORPORATION10550.61
5461CHUBU STEEL PLATE CO. LTD.8230.63
7235TOKYO RADIATOR MFG CO6000.63
9967SAKAI TRADING CO22000.63
6916I-O DATA DEVICE INC9250.63
6346KIKUKAWA ENTERPRISE INC38450.63
3808OKWAVE2880.63
1793OHMOTO GUMI CO57700.63
3952CHUOH PACK INDUSTRY CO. LTD.11200.64
1905TENOX CORP8670.64
8013NAIGAI CO LTD3460.65
6022AKASAKA DIESELS16200.66
7399NANSIN CO LTD5770.66
5956TOSO CO LTD5460.66
7467HAGIWARA ELECTRIC HLDS CO LTD23590.66
6771IKEGAMI TSUSHINKI CO8210.67
5408NAKAYAMA STEEL WORKS4610.67
6715NAKAYO INC14350.67

France

TickerDescriptionP/NCAV
MLMGLMAGILLEM0.37
MLBATBATLA MINERALS0.39
ALCOFCOFIDUR0.65

Canada

TickerDescriptionP/NCAV
CYBNCYBIN INC.0.04
PRHPEARL RIVER HOLDINGS LIMITED0.48
IGPIMPERIAL GINSENG PRODUCTS LTD0.61

U.S.A

TickerDescriptionP/NCAV
NVFYNova Lifestyle, Inc0.49
ENZNEnzon Pharmaceuticals, Inc.0.57

U.K.

TickerDescriptionP/NCAV
SCHOSCHOLIUM GROUP PLC ORD 1P0.54

Netherlands

TickerDescriptionP/NCAV
DGBDGB Group N.V.0.38

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