Ann: Half Year Accounts, page-22

I think the separation of durable consumer goods (i.e. kitchen sinks) from discretionary vegan products made sense for Astivita. Reading some AIR reports, it suggests kitchen sinks were profitable while the vegan stuff wasn't. After some snooping I am comfortable with the AIR purchase by Tamawood but it definitely smells of conflicting interest. i.e. the kitchen sink division of AIR will profit more from the buy out than TWD and TWD is likely to be burdened in the short to midterm if not long term. Not too sure about the synergies. There is some for sure. Seems like almost shareholders except Lev disapproved the buy out (according to the general meeting results).

On another note SenterpriSYS is listed on the NSX! WTF. I've been amateur investing for 4years and wasn't even aware the NSX existed. This blows my mind.

@noornmxx agree with all your comments. The no BS management, repulsion to debt and Lev's major founding shareholding makes me very bullish. TWD doesn't seem speccy to me at all. Its just a tiny neglected microcap with near zero growth. Very safe imo. Most certainly safer now then the many highly leveraged blue chips who are desperately selling their assets to cover rising interest and lease payments.

We are also due for an el nino phase which is good for free cash flow. These can last for a year if not years... I am an eminent shareholder. just a bit more reading to do.