Charle Co Ltd (TYO:9885)

Charle Co is a Japanese company that sell women clothing and cosmetics. The share is trading close to net cash and negative enterprise value. Strong balance sheet.  The company is profitable and has a decent history of dividends.

I took a small position at P/NCAV 0.68 earlier today. The share will make a nice addition to the portfolio.



First trades

Below are the first trades for the portfolio. All stocks were priced low compared to their net current assets at the time of purchase.

Company Ticker Date Price P/NCAV
Boom Logistics Ltd ASX:BOL 2014, Jun 0.13 0.57*
QC Holdings, Inc. NASDAQ:QCCO 2014, Dec 1.67 0.67
Hengxin Technology HKG:1085 2015, Mar 1.38 0.45
Tiemco Ltd TYO:7501 2015, Mar 577 0.50
I-O DATA DEVICE TYO:6916 2015, Mar 630 0.53

Includes Plant & Equipment