A Flowing Royalty

Australian microcap with irreplaceable physical assets

May 21 • ROE The Boat and Jon Kingston

5

A Hidden Champion in South Korea

Dominant in their niche, high insider ownership, PE 6, PB 0.7, dividend.

May 8 • ROE The Boat and Jon Kingston

23

1

5 Dirt Cheap Korean Small Caps

Decent companies at absurdly cheap prices 🇰🇷

May 4 • ROE The Boat and Jon Kingston

8

1

April 2026

Scarce Luxury Made In Italy

High returns on capital, high insider ownership, cheap valuation.

Apr 25 • ROE The Boat and Jon Kingston

8

2

March 2026

Literal Cash Machines (Another Cheap UK Small Cap) 💸

Share buybacks, large growing dividend, 25% operating margins, 34% ROCE, P/E 8.

Mar 6 • ROE The Boat and Jon Kingston

7

2

February 2026

Quality Asset Light Compounder

Recurring Revenue, 60% Operating Margins, 60% ROCE, PE 12.

Feb 21 • ROE The Boat and Jon Kingston

18

3

January 2026

Pirate Pension Fund +26% For 2025

Process, Risk, Performance, Top 10 Holdings, Big dividend-yields-on-cost...

Jan 9 • ROE The Boat and Jon Kingston

25

2

3

December 2025

UK Small Cap (prime real estate worth more than the market cap)

Growing dividends, share buy backs, 70-100% upside to fair value.

Dec 11, 2025 • ROE The Boat and Jon Kingston

20

3

November 2025

2 Dirt Cheap HK Stocks

With big chunky dividends.

Nov 13, 2025 • ROE The Boat and Jon Kingston

24

3

The Family Business

Family public companies (a list of 183 stocks)

Nov 1, 2025 • ROE The Boat and Jon Kingston

22

4

3

October 2025

A 90 Year Old French Microcap (With Irreplaceable Assets)

With high barriers to entry, you would love to own 100% of this business.

Oct 16, 2025 • ROE The Boat and Jon Kingston

16

2

September 2025

Land of the Rising Stocks

4 Japanese microcaps for your research list.

Sep 9, 2025 • ROE The Boat and Jon Kingston

28

2