From today on I start buying a 2% position for the portfolio in Aktiengesellschaft Bad Neuenahr with a share price limit of EUR 250. Please note that this is a very thinly traded stock. A detailed analysis will follow asap.
Edit 8/31/2015: Last week Aktiengesellschaft Bad Neuenahr filed for Chapter 11-type protection in Bad Neuenahr-Ahrweiler’s district court to start insolvency proceedings. As far as I understand this is the result of the postponment of a capital increase due to disagreements between the two major shareholders and the management. While the company seems to be in need of liquidity, it does not seem to be overindebted. This is due to a property portfolio valued at least at EUR 20 m, which significantly exceeds liabilities.
The content contained on this site represents only the opinions of its author(s). I may hold a position in securities mentioned on this site. In no way should anything on this website be considered investment advice and should never be relied on in making an investment decision. As always please do your own research!