StockSpeaking

Individual Investor focused on Micro/Small Caps.

[StockSpeaking @StockSpeaking]

It took one week $019180

[StockSpeaking @StockSpeaking]

New High Conviction
🇰🇷 $019180 THN Corp.
Automotive wiring producer (for Hyundai and Kia)

PE < 2
Rev Growth YoY +60%
Net Income YoY +300% (last quarters)
P/B < 0.6
Winning market shares, improving margins
No dilution

Why cheap?
Family tax selloff (founder died Dec '25).

[StockSpeaking @StockSpeaking]

@drissen_felix Right the largest shareholder seems required to hold his shares until 2028 and it is not the CEO.
The CEO's share sales should continue given the amount of taxes he has to pay, but I don't know for how long.

[StockSpeaking @StockSpeaking]

New High Conviction
🇰🇷 $019180 THN Corp.
Automotive wiring producer (for Hyundai and Kia)

PE < 2
Rev Growth YoY +60%
Net Income YoY +300% (last quarters)
P/B < 0.6
Winning market shares, improving margins
No dilution

Why cheap?
Family tax selloff (founder died Dec '25).

[StockSpeaking @StockSpeaking]

@Frenchie_ Pas il y a 6 ans en arrière^^, maintenant changer le choix initial casse la cohérence avec l'audience English même si au final j'ai arrêté de poster mes analyses

[StockSpeaking @StockSpeaking]

Argh $PSIX
When the numbers, fintwit and Claude all tell the same story, it's a sell.

[StockSpeaking @StockSpeaking]

@TreyHenninger @LogicalThesis @finphysnerd Yes they are

[StockSpeaking @StockSpeaking]

Q1 2026: +10%

Top 3 holdings and best performers $NXSN $CGEO $SODI.
Honorable mention: 7378.T.

Flat on most positions.

Down on $SEZL $DBO.TO $PXHI.

Closed (macro): $RBW.WA & $NTG.V (+ because constant dilution on the latter).

[StockSpeaking @StockSpeaking]

@nimesh3t @IBKR I have the same issue

[StockSpeaking @StockSpeaking]

@_grojo @rubicon59 @blondesnmoney Yeah valuation is still ridiculous, the only big risk is geopolitical tension but risk/reward is very attractive.

[StockSpeaking @StockSpeaking]

I didn't trim $NXSN since my purchase at 7650 last year, same story with $CGEO bought at 1450.
Now both account for 43% of my portfolio.
When your analysis aligns with @rubicon59 or @blondesnmoney, and theses are confirmed QoQ, concentration does not feel like a problem anymore.

[StockSpeaking @StockSpeaking]

@Im_Specter C'est le short squeeze, je comprends pas comment la boîte est si shortée vu ses fondamentaux.

[StockSpeaking @StockSpeaking]

@blondesnmoney @rubicon59 It could be the same round trip as your $CGEO last year except it never gave you the dip.

[StockSpeaking @StockSpeaking]

@DeepValueStonks And if the currency loses value like the USD it gets worse...
This same thought makes me switch to GARP, focusing more on revenue than the balance sheet.

[StockSpeaking @StockSpeaking]

@Psych_Bags Read your tweet before checking the stock.
Wasn't sure which way it went, now I know (with 3.8M vol and no news).

[StockSpeaking @StockSpeaking]

Last trades Update:

🔴 Sold
$TGEN, too long to sign a contract.
$TLN, opportunity cost for the line below.

🟢 Bought
$7378.T (Asiro Inc.),
Great combo: GARP + buybacks + activist buying + @hurdle_rate conviction.

[StockSpeaking @StockSpeaking]

@GreenAndGranite $SEZL $DBO.TO

[StockSpeaking @StockSpeaking]

Performance 2025: +26.25% (a nice transtion from '25 to '26).

2024: +45.3%
2023: +8.3%
2022: -15%
2021: +54%
2020: +17.5%
2019: +44%

$FTLF fell at the beginning of the year but $CGEO & $NXSN.TA saw impressive returns. These two are now my biggest positions.

Happy New Year! 🎆

[StockSpeaking @StockSpeaking]

@Floebertus The great run continue, impressive !

[StockSpeaking @StockSpeaking]

End of the year trades :
Sold $CNO.V
Added $DBO.TO & $SEZL