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I used to acquire SME businesses in the real world. Negotiations, due diligence, managing people. It didn’t scale.
Now I buy businesses with a click.
I focus on deep value and special situations full time, compounding my own capital. UK nano caps, off-market deals, controlling stakes where possible.
I’m looking to connect with investors doing the same. There’s a lot of neglected opportunity in the small end of the market.
$10,000 to $11.8m in half-year operating profit.
Not an AI startup. A decidedly unglamorous industrial business.
8.9x trailing earnings.
mrdeepvalue.com/p/steppe-cem…
A $62 share at 10x earnings.
Or 22x.
Same share.
Annualise a quarter at $1.58 before special charges and the price looks cheap.
Use the $0.70 after those charges and the multiple more than doubles.
The business was interesting. The property notes were better.
My original research uncovered land and buildings valued at roughly ten times their carrying value.
That hidden-asset story is where this case begins.
mrdeepvalue.com/p/ks
The dividend was part of the original attraction.
The latest half-year results show a 76% increase in the interim payout and 67% growth in underlying pre-tax profit.
Here's the original case.
mrdeepvalue.com/p/jfm
The operating businesses are only part of the story.
The parent holds €455m of net liquidity against a €1.07bn price for the holding company.
That's 42% covered before looking at what it owns.
mrdeepvalue.com/p/a-growing-…
The seller gets to choose when a new stock reaches the market.
You get the sales pitch.
New issues tend to arrive when market conditions favour the people selling them.
My business dealership has one customer and one supplier.
Both are the stock market.
I look for stocks so cheap they could double in price and STILL trade below tangible book value.
mrdeepvalue.com/p/my-deep-va…
Let me get this straight.
¥8.2bn for a business with ¥13.7bn in reported cash, deposits and securities.
Borrowings: ¥224m.
Quarterly operating profit up 32%.
It sells sporting goods.
mrdeepvalue.com/p/zett-corp-…
Pay 40 cents per dollar of tangible book value for a connected-device specialist.
Its software helps TVs discover devices and thermostats join home networks.
The assets come with technology embedded in products people use every day.
mrdeepvalue.com/p/ue
Pay $5.6m for a vitamin maker where $5m of extra annual sales could add $2m of gross profit.
That assumes a 40% incremental margin as manufacturing volumes recover.
The factory provides the operating leverage.
mrdeepvalue.com/p/ibi
Imagine paying tangible book value for a gaming-hardware maker with 50.7% of US joystick sales by value.
Useful niches can come with modest price tags.
mrdeepvalue.com/p/guillemot-…
Imagine paying $5.6m for a vitamin maker with $9.7m of cumulative owner cash flow across five years.
That works out at $1.94m a year on average.
Add $9.9m of estimated net current assets, and the price has two useful reference points.
mrdeepvalue.com/p/ibi
Pay ¥5.52b for a chip distributor averaging ¥1.74b a year in free cash flow over five years.
That is 3.2 times the average, with a purchase price below net current assets.
The business also sources custom technology solutions.
mrdeepvalue.com/p/sh
Pay under 10 times three-year average earnings for a business with five profitable years behind it.
Graham adds balance-sheet strength and a dividend to the bargain.
mrdeepvalue.com/p/ben-graham…
An €8.62m equity price beside an estimated €17m break-up value for the subsidiaries alone.
In this marketing-group case, the estimate values profitable agencies on cash flow and discounts the others.
Net cash is additional.
mrdeepvalue.com/p/qwamplify-…
¥37 for each ¥100 of tangible net assets.
This valuation case pairs that discount with a manufacturer of ventilation and smoke-control equipment.
The asset base includes ¥2.96b of land at book value.
mrdeepvalue.com/p/kyoritsu-a…
The less you pay for a business's £1m of lifetime cash, the more room you leave for profit.
I compare the purchase price with cash owners can collect, and the time it takes.
That is the owner's lens for deep value.
mrdeepvalue.com/p/2025-begin…
A ¥6.6b equity price against ¥17.7b of tangible net assets.
Roughly ¥2.70 of net assets per ¥1 paid.
In this construction valuation case, cash and marketable securities make up much of the asset base.
mrdeepvalue.com/p/kaneshita-…
Buffett's $9 purchase comes with $9.16 of net current assets, plus coal waste he values at another $8 per share.
In this early case, even the waste piles have a price.
A useful reminder to look beyond the accounts.
mrdeepvalue.com/p/webpr

