https://www.sifterresearch.com/ Independent research on global small-caps. About one company in twenty becomes a full report. en Sifter Research Alessandro Montalbano Thu, 01 Oct 2026 19:23:53 GMT https://www.sifterresearch.com/reports/edu-holdings-edu https://www.sifterresearch.com/reports/edu-holdings-edu Sun, 19 Jul 2026 00:00:00 GMT Private higher education Alessandro Montalbano ASX · Private higher education. Two accredited Australian colleges priced as a hostage of migration policy, because 90% of the students are international and Canberra has spent two years tightening the tap. The flagship field is a national shortage occupation, and the 35-month average enrolment gives multi-year revenue visibility. New enrolments have grown through the tightening to date, and management has retired roughly a quarter of the share count. https://www.sifterresearch.com/reports/monument-mining-mmy https://www.sifterresearch.com/reports/monument-mining-mmy Sat, 04 Jul 2026 00:00:00 GMT Precious metals Alessandro Montalbano TSX-V · Precious metals. US$101.76M of cash against no debt, with the cash alone covering 54% of the market capitalization and the business itself changing hands at 1.2 times trailing earnings. The market prices Selinsing as a mine about to run out of ore, because the last published reserve statement dates to 2019 and rests on drilling data from March 2018. The mine has produced for eight years past that data date, and every observable capital decision points to a mine being prepared for a longer life. https://www.sifterresearch.com/reports/theon-international https://www.sifterresearch.com/reports/theon-international Wed, 22 Apr 2026 00:00:00 GMT Defense electronics Alessandro Montalbano AMS · Defense electronics. A founder-led, ITAR-free specialist holding more than 50% of the European night-vision market, with 27%+ EBITDA margins, €1.4B in soft backlog and an asset-light model that scales revenue faster than capital. The moat is widening. At €33 the market already pays for that quality and still under-models the vertical integration thesis. https://www.sifterresearch.com/reports/valeura-energy-vle https://www.sifterresearch.com/reports/valeura-energy-vle Tue, 31 Mar 2026 00:00:00 GMT Upstream oil Alessandro Montalbano TSX · Upstream oil. A four-field Gulf of Thailand producer, priced as plain-vanilla oil, that assembled the second-largest oil position in Thailand in under three years, holds US$306M cash with zero debt and has a visible production step-change at Wassana in Q2 2027. The market prices the commodity exposure and under-models the infrastructure, the reserve life and the cash generation. https://www.sifterresearch.com/reports/mako-mining-mko https://www.sifterresearch.com/reports/mako-mining-mko Mon, 16 Mar 2026 00:00:00 GMT Precious metals Alessandro Montalbano TSX-V · Precious metals. A debt-free gold producer, priced as a junior, that built its mine during a pandemic and two hurricanes, holds US$78M cash with zero long-term debt and is expanding from one high-grade asset to four. The market still prices only the current mine and gives no value to the three development assets. https://www.sifterresearch.com/reports/oceaneering-oii https://www.sifterresearch.com/reports/oceaneering-oii Sun, 01 Mar 2026 00:00:00 GMT Industrial technology Alessandro Montalbano NYSE · Industrial technology. An oilfield services multiple applied to a company with a 60% structural share in subsea robotics, a defense-certified robotics division growing at 17% annually, and net cash of $189M. The market still prices the whole enterprise as one cyclical oilfield business. https://www.sifterresearch.com/reports/binjiang-service https://www.sifterresearch.com/reports/binjiang-service Sun, 01 Feb 2026 00:00:00 GMT Property services Alessandro Montalbano HKEX · Property services. A China developer discount applied to a Hangzhou property manager with 37.6% ROE, roughly RMB 3,625m of net cash, 100% renewal on mature projects and an operating business implicitly priced at about 3.8× trailing earnings. https://www.sifterresearch.com/reports/fila-spa https://www.sifterresearch.com/reports/fila-spa Sun, 01 Feb 2026 00:00:00 GMT Consumer brands Alessandro Montalbano MIL · Consumer brands. A global stationery and art-materials platform whose durable brands and recurring replenishment demand produce better cash generation than its market label suggests. The listed Indian stake matters. The larger mispricing is the habit of valuing a branded global business like an illiquid, ex-growth small-cap.