New deep dive is out: ✅Industrial consolidator carved out of a PE firm buying tiny SMEs at 2-4x EBITDA in "hairy" situations and turning them around. ✅ OpCos are solid with 20%+ ROTCs and incremental deal IRRs are beyond 25% ✅ Stock at 16x FCF but growing well beyond 20%

September marked the completion of Q3 2026 for Diranko Capital's Opportunistic Deep Value strategy. You can find a downloadable PDF of my Q3 letter, available on Diranko Capital's website.

New Monday Delights is out🔍 ✅HoldCo trading at material discount to its stake in a listed auto supplier holding that itself trades at 6x earnings ✅ UK insolvency litigation consolidator 6.8x EV/EBIT, ~4% yield ✅ Irreplaceable Swiss infrastructure asset trading at ~15x P/E

Thanks for sharing this Andy 🙏

This week's Monday Delights 🔍 ✅ Security/AV distribution spin-off at ~7x EV/EBITDA vs peers' 15x ✅ Casino below two rejected bids owning an irreplicable asset: the casino license ✅ Nordic grid contractor ipo at 12x EV/EBIT and 35%+ ROIC

New watchlist update is out with fresh takeover bids for three watchlist companies $SLYG.DE $AT.LN $LFCR

New Monday Delights is out 🔍 ✅ largest building parts distributor that is actively consolidating the industry trading below a recent PE bid — 4.2x P/E, 0.64 ✅leadership-development consultancy with a genuine niche moat and a founder buying his own stock with more than $4M

Is value investing 1.0 really dead? I don't think so once you look at businesses the right way. Read my new "Random Walk Down David's Mind", where I explain what we can learn from computer science to practice modern value investing, while sticking to Ben-Graham-style analysis.

New Monday Delights is out 🔍 ✅ Residential developer; 44% of NAV with a landbank worth 2B against 300M MC ✅ Japanese fashion e-commerce roll-up with an "outsider"-like CEO, consolidating orphaned malls and brands divested by large corporates, growing 15%+, trading at 11x P/E

New Monday Delights is out 🔍 ✅ JPN mobile agent, EV/EBIT 1.4x ✅ US asset-light LTL trucking company restructuring after blown merger trading at 8x EV/EBITDA with latent margin potential ✅ US broadcaster with potential spin-off, SOTP ~23% upside

New deep dive is out: ✅Mgmt spent a decade repositioning a legacy document processor for the future by building a software and logistics business around it ✅ Activist involvement and profitability inflection at the software biz ✅ The stock trades at just over 6x EV/NOPAT

New Monday Delights is out 🔍 ✅ Shipbuilder at 7x P/E; 1.4x P/B + net cash worth 90% of market cap ✅ Music royalty agency (15% ROE) trading at 17.5x P/E ✅ Electrical equipment distributor benefiting from the datacenter buildout and industry consolidation; 1.0x P/B; 11x P/E

I just released my September Watchlist Update: ✅ Helix Energy merged with Hornbeck Offshore; 70% return since my report from last August ✅ $1846.HK The FYEO deal closed in July and the legacy business is inflecting; H1 revenue +20.5% as the Swiss turnaround gains traction.

New Monday Delights is out. ✅ Niche industrial monopoly with 90% market share; trading at 11.4x P/E ✅ Global machine-duopoly trading at 6.5x earnings while generating 13% ROIC ✅ Regulatory-catalyst compounder trading at 12x P/E with over 40% ROE

New Monday Delights is out 🔍 ✅ SME telecom/utility reseller — 9.7x P/E, 28% ROE ✅ Mobile-game publisher — 5.7x EV/EBIT, live patent suit ✅ A regional contractor with a textbook buyback-and-activist-stake setup ; 70% of market cap in net cash trading at a P/E of 12

New deep dive is out: ✅Priced like an offshore-services cyclical (4-6x EBITDA), built like a specialty industrial consolidator that earns 20%+ ROIC. ✅ Proven track record of accretive M&A; tripled earnings over 5 years ✅ Stock trades below replacement value at 9x EV/NOPAT.

New Monday Delights is out. ✅ Canadian IT co: board launched a sale process that could bring in ~2x the current market cap ✅ JP press-release platform: cozy oligopoly; trading at~10x EV/EBIT ✅ JP browser filtering software: 44% margins, "cheapish" at 17x earnings

A 24-year-old ex-OpenAI employee turned levered AI bets into 400% returns — then blew it all on a 4x levered position in memory chips. Read my August "Random Walk Down David's Mind" on my blog, where I break down why I think we are in serious bubble territory already.

I just released my August Watchlist Update: ✅ $MATR.TO 's turnaround is real, but the stock already prices it in at ~9.8x EV/EBITDA. ✅ $NOEJ.DE's €260m capital return is nearly done — its 26% rally since April is balance-sheet, not a re-rating. The turnaround is still ongoing

New Monday Delights is out: ✅ Japanese HoldCo trading at 7x P/E paying its first dividend in 19yrs ✅ Auto supplier; net cash = 64% of market cap, 1.2x EV/EBIT, 4x P/E ✅ Industrial machine maker operating in an oligopolistic industry that reduces capacity + recent CEO change