JCTCF Reddit Mentions | ChartExchange

Another round of company write-ups taken from Substack within the last week.
Not my work - sourced from Giles Capital's weekly compilation: [https://gilescapital.substack.com/](https://gilescapital.substack.com/)
# Americas
[**Asymmetric Ventures** ](https://open.substack.com/pub/asymventures)on [**PayPal**](https://asymventures.substack.com/p/paypal-whats-wrong) (🇺🇸 PYPL US - US$37 billion)
Former payments darling at just 8x earnings after branded checkout growth collapsed to 1%. A 13% share buyback and 25% ROIC provide a floor, but Apple Pay and Google Pay present genuine structural threats.
[**Jingshu’s Substack**](https://open.substack.com/pub/jingshu) on [**Fiserv**](https://jingshu.substack.com/p/the-untold-story-behind-fiservs-earnings) (🇺🇸 FI US - US$34 billion)
Payment infrastructure giant at under 8x depressed earnings while former JP Morgan legends reassemble their team inside the company. Top executives are betting their careers here.
[**Show me the incentives...**](https://open.substack.com/users/287561864-show-me-the-incentives?utm_source=mentions) on [**LKQ Corp**](https://showmetheincentives.substack.com/p/lkq-corp-lkq) (🇺🇸 LKQ US - US$8.9 billion)
Global aftermarket parts leader under activist pressure with a full strategic review and sale explicitly on the table. Trading at 7.5x EBITDA with No.1 positions across segments.
[**Wolf Of Oakville**](https://open.substack.com/users/108998783-wolf-of-oakville?utm_source=mentions) on [**D-Box Technologies**](https://www.wolfofoakville.com/p/d-box-technologies-dboto-fins-review-a51) (🇨🇦 DBO CN - C$190 million)
Haptic cinema technology company near a six-bagger from last year’s pick, with pristine balance sheet, 54% gross margins, and only 1,145 of 200,000 global screens installed.
[**The Enterprising Investor**](https://open.substack.com/pub/theenterprisinginvestor) on [**Jewett-Cameron**](https://enterprisinginvestor.substack.com/p/jewett-cameron-at-half-of-ncav-cut) (🇺🇸 JCTCF US - US$13 million)
Classic net-net at 50% of NCAV with hidden property assets potentially worth four times the current share price. Management has hired consultants and listed properties, signaling strategic alternatives are underway.
# Europe, Middle East & Africa
[**Modern Investing**](https://open.substack.com/users/94857737-modern-investing?utm_source=mentions) on [**Metlen**](https://moderninvesting.substack.com/p/metlen-20-on-profit-warning-opportunity) (🇬🇷 METLEN GA - US$6.5 billion) **TOP PICK**
Greek industrial conglomerate dropped 20% on a profit warning, but the defense and construction businesses keep hitting milestones. The chairman bought millions in shares before the selloff.
[**Memyselfandi007**](https://open.substack.com/users/10943560-memyselfandi007?utm_source=mentions) on [**Frosta AG**](https://valueandopportunity.substack.com/p/frosta-ag-defining-their-own-category) (🇩🇪 NNM FRA - US$370 million)
Family-run German frozen food company that invented additive-free ready meals, growing its brand at mid-teens rates and at roughly 12x earnings net of cash.
[**Monsoon Pabrai**](https://open.substack.com/users/46691875-monsoon-pabrai?utm_source=mentions) on [**Gimat Magazacilik**](https://monsoonpabrai.substack.com/p/gimat-magazacilik-sanayi-ve-ticaret) (🇹🇷 GMTAS IS - US$156 million)
Ankara-based cooperative retailer modeled on Costco with $1,200 per square foot productivity and Mohnish Pabrai owning over 20%. An 80-store expansion blueprint across Turkey’s provinces.
[**Robin Research**](https://open.substack.com/users/21810349-robin-research?utm_source=mentions) on [**CTT Systems**](https://robinresearch.substack.com/p/ctt-systems-ab-sectt) (🇸🇪 CTT SS - US$85 million)
Sole supplier of humidity systems for every major widebody aircraft. Disastrous 2025 from distributor destocking, but OEM production ramps in 2026 should drive a meaningful recovery.
[**DeepValue Capital**](https://open.substack.com/users/134395340-deepvalue-capital?utm_source=mentions) on [**I-Tech AB**](https://deepvaluecapitalbykyler.substack.com/p/dv-capital-i-tech-ab-down-60-with) (🇸🇪 ITECH SS - US$45 million)
Antifouling specialist down 60% on EU regulatory fears, yet 98% of revenue comes from Asia. Record margins, zero debt, and trading below 7.5x free cash flow.
[**Etruscan Capital**](https://open.substack.com/pub/etruscancapital) on [**Sibek AB**](https://etruscancapital.substack.com/p/rejected-by-the-microcapclub-volume) (🇸🇪 SIBEK SS - US$38 million)
Swedish railway signal consultancy operating in a regulated duopoly with 88% family and management control and a multi-billion government spending tailwind over the next decade. Debt-free balance sheet.
# Asia-Pacific
[**KonichiValue Japan**](https://open.substack.com/pub/konichivalue) on [**Nintendo and Sega Sammy**](https://www.konichivalue.com/p/the-claim-ais-hunger-for-dram-will) (🇯🇵 7974, 6460 JP - US$64 billion, $3.2 billion)
DRAM price surges threaten hardware margins, but Nintendo’s 50.4% digital software mix makes it a software monopoly mispriced as a hardware maker. Sega pivots to iGaming through GAN and Stakelogic acquisitions.
[**Capytal Management**](https://open.substack.com/pub/capytalmanagement) on [**HongKong Land**](https://capytalmanagement.substack.com/p/participate-in-hong-kongs-real-estate) (🇭🇰 H78 SP - US$16 billion)
Century-old property company with irreplaceable Central Hong Kong assets at a 35% NAV discount. New CEO from Goldman Sachs and Mapletree is executing a clear transformation.
[**Kairos Research**](https://open.substack.com/users/11909559-kairos-research?utm_source=mentions) on [**Tasmea**](https://kairosresearch.substack.com/p/tasmea) (🇦🇺 TEA AU - A$957 million)
Australian industrial services compounder with 60% insider ownership, 52% profit growth since 2021, and 94% repeat customers, now down 30% on acquisition skepticism.
[**AltayCap**](https://open.substack.com/users/330597056-altaycap?utm_source=mentions) on [**Nippon Carbon**](https://altaycap.substack.com/p/nippon-carbon-tyo-5302-a-120-year) (🇯🇵 5302 JP - US$350 million)
120-year-old carbon manufacturer trading at book value with a 4.2% dividend and a free call option on aerospace through its SiC fiber joint venture with GE.
[**Mr Deep-Value**](https://open.substack.com/users/113017890-mr-deep-value?utm_source=mentions) on [**Dainichi Co**](https://www.mrdeepvalue.com/p/dainichi-analysis) (🇯🇵 5951 JP - US$55 million) **TOP PICK**
Japanese net-net trading at 1.6x free cash flow with growing environmental segment revenues. The market prices this for liquidation, but the balance sheet tells a completely different story.