Weekly Screens

Net-nets In The Market (18th September 2021)

Discover this week's net-nets.

by Johan Lunau
Comments 0

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 Germany, Switzerland, or Italy.
  • Total net-nets found across all analysed markets was 65.
  • Japan had the most net-nets, at 51.
  • 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

TickerDescriptionLastAverage Volume (30 day)P/NCAV
4764NEXUS BANK CO LTD14917564930.39
6416KATSURAGAWA ELECTRIC CO6579070.39
3600FUJIX LTD15718970.41
8046MARUFUJI SHEET PILING CO20328230.45
6142FUJI SEIKO LIMITED136210930.47
4957YASUHARA CHEMICAL CO56651030.49
6390KATO WORKS CO LTD918786530.51
6303SASAKURA ENGINEERING CO26017830.51
7922SANKO SANGYO CO34056670.51
6943NKK SWITCHES CO LTD450017670.52
8152SOMAR CORPORATION201912970.54
3504MARUHACHI HOLDINGS CO LTD79640870.54
7887NANKAI PLYWOOD CO55807100.54
8139NAGAHORI CORP178451330.56
5921KAWAGISHI BRIDGE WORKS CO LTD313518500.56
6964SANKO CO LTD504195970.57
2055NICHIWA SANGYO CO32167170.57
6794FOSTER ELECTRIC CO9661222270.58
2917OHMORIYA CO LTD83452000.58
9885CHARLE CO LTD465714030.58
5900DAIKEN CO LTD7259830.59
6249GAMECARD-JOYCO HLDGS INC125416470.59
7427ECHO TRADING CO667107230.60
5979KANESO CO. LTD.41203500.60
6496NAKAKITA SEISAKUSHO26886300.60
6804HOSIDEN CORP9723206630.60
7314ODAWARA AUTO-MACHINE MFG CO LTD55033530.60
7758SEKONIC CORPORATION103911370.60
7537MARUBUN CORP7971172130.60
9995GLOSEL CO LTD428516870.61
7422TOHO LAMAC CO31302630.61
8249TECHNO ASSOCIE CO114775970.61
6927HELIOS TECHNO HOLDING CO LTD341314270.61
1905TENOX CORP84338930.63
7235TOKYO RADIATOR MFG CO59981330.63
6986FUTABA CORP8341032770.63
3952CHUOH PACK INDUSTRY CO. LTD.113012000.63
6916I-O DATA DEVICE INC930296670.64
5461CHUBU STEEL PLATE CO. LTD.84165630.64
5449OSAKA STEEL CO LTD1170540370.64
7399NANSIN CO LTD57019070.64
3808O K W A V E295485300.65
2137HIKARI HEIGHTS-VARUS CO.LTD.7256770.65
6346KIKUKAWA ENTERPRISE INC39307500.65
1793OHMOTO GUMI CO58406630.65
5956TOSO CO LTD54828170.66
6022AKASAKA DIESELS16238970.66
5408NAKAYAMA STEEL WORKS4469320370.66
7467HAGIWARA ELECTRIC HLDS CO LTD2365156330.66
9967SAKAI TRADING CO231115030.67

U.S.A

TickerDescriptionAverage Volume (30 day)P/NCAV
NVFYNova Lifestyle, Inc1948060.47
ENZNEnzon Pharmaceuticals, Inc.847620.57
SHRGSharing Services Global Corp.1117340.65
TUSKMammoth Energy Services, Inc.866430.66

Canada

TickerDescriptionAverage Volume (30 day)P/NCAV
CYBNCYBIN INC.5092110.04
PRHPEARL RIVER HOLDINGS LIMITED83410.43
IGPIMPERIAL GINSENG PRODUCTS LTD91930.56

France

TickerDescriptionAverage Volume (30 day)P/NCAV
MLMGLMAGILLEM1780.34
MLBATBATLA MINERALS9950.38
ALEXAEXACOMPTA CLAIREF.N/A0.42
ALCOFCOFIDUR420.66

U.K.

TickerDescriptionAverage Volume (30 day)P/NCAV
SCHOSCHOLIUM GROUP PLC ORD 1P17420.53

Netherlands

DescriptionAverage Volume (30 day)P/NCAV
DGB GROUP N.V.60800.38

Australia

TickerDescriptionAverage Volume (30 day)P/NCAV
CLTCELLNET GROUP LIMITED5970340.65

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