Last chance value

The portfolio contains <30 public companies which are recognized as undervalued. The strategy is value investing with the use of common metrics which are corrected (long term, bias control) and qualitative judgement. The companies are sold only when the valuation shows a premium to the intrinsic value. Therefore the target of the portfolio is long term and portfolio rotation is minimal. The risk control is observed through the margin of safety principle and a scrap value estimation.