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 HLEâs 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 .
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What is the actual issue with HLE Glasscoat?
Industry-specific issues (weak demand in chemicals and pharmaceuticals), rising input costs, and possibly a correction after high valuations?
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Itâs just that the end-user industries are facing a tremendous slowdown. Although the pharma and spec-chem industries have shown signs of improvement, their Capex plans have turned slowâwhich is affecting the orderbook of GMM & HLE. The input costs, and valuation arenât that bad, they seem elevated because of the bad results.
The silver lining for HLE is the acquisition of Kinam Engineering, heat exchangers are in a huge up-cycle, if theyâre able to improvise on that demand surge, and if the pharma and chem demand picks up, there shall be greenery 
4 Likes