I have written an analysis of Van de Velde, a Belgian small cap that makes luxurious lingerie. You can read my piece over here:
The company makes up a small position of my portfolio and I’m considering to add some more shares later this month. Van de Velde has a remarkably strong balance sheet with no long-term debt and the company likes to shower shareholders with its excess cash.
Since going public in 1997, Van de Velde has offered investors an annualized total return of close to 15% and has grown its base dividend at an annualized rate of 15.48%!