Railcare is an industrial company in the railway business including transport (50%), contracting & services (30%) and sales of equipment (machines & tech). The company is mainly active in Sweden and the UK (8%). In 2023 the company realized 13.5% revenue growth and almost 20% in earning per share.
A defensive investment with 50% upside potential in the next 4 years plus 3% annual dividend yield. The very low liquidity is a risk, and can also offer pricing opportunity.