Acquisition was done at EUR 12 Million for 100%
Sales for 2020 was at EUR 26 Milion
2019: 24M EUR
2018: 22M EUR
Geographical locations where Thalerec were operational: Germany, other countries of Europe, Asia, USA
6 Likes
Mkt seems to be liking the acquisition . HLE up 13% today.
HLE SEEMS TO BE PROVING THE ADAGE OF BUYING GOOD COS WHERE PROMOTER IS ETHICAL & EXECUTE WELL ,OPP SIZE IS GOOD & INCREASING, WITH GOOD MARGIN OF SAFETY & THEN DO NOTHING. Seem like a typical Terry Smith stock
Discl- Invested since last few years
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https://www.thaletec.com/unternehmen/ueber-uns/
A good video on HLE latest acquisition Thaltec
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Am invested in this company for some time. What intrigues me is why mutual funds or DIIs are NOT invested in it. Cant seem to find a reason. Perhaps someone can throw some light on this
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One of the reasons is that HLE’s float is small and the reason why MFs and DIIs are not in it. They could take a position however will find it difficult to exit their positions as that will move the price significantly.
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HLE Glasscoat Split date announced . Split date is 19th October .
1 Like