For all its negatives (i.e. Lack of shareholder communication) this little baby is definitely under the radar & should fire sooner rather than later.
Key Facts
- Nil debt cash of $18m (market cap $26m)
- 2 businesses in China which both make money (All geared towards Chinese domestic consumption)
1. SmartPass http://www.smartpass.com.cn/
Own a 50% share in China’s largest pre-paid card operation based in Shanghai. Cards can be used at over 40,000 Point of Sale locations throughout Shanghai. ONC’s 50% share of profits was $2.65m for FY12. Business is for sale!!! My opinion it will be sold on multiples of greater than 10 X’s. Perhaps 15 -20 X’s
2. http://www.buffetclub.com/
Own 100% of Asia’s largest loyalty card membership dining program. Business has only been cash-flow positive for a year now. This business made $1m EBIT for FY12. I expect it to make $3-4m EBIT in FY13. High margin business making margins of over 38%. Sold over 200,000 memberships
- Management have skin in the game. CEO owns approx 8% of shares
- Peter Scanlon (Ex Patricks net worth $1bn) owns 30%
- CEO doesn’t give any broker presentations and just concentrates on business
- Forums
- ASX - By Stock
- TFL
- downside minimal upside significant
downside minimal upside significant
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $4.370M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.487K | 148.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 73903 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 73903 | 0.010 |
3 | 455722 | 0.009 |
3 | 951177 | 0.008 |
1 | 200000 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 100000 | 1 |
0.013 | 150000 | 1 |
0.015 | 27747 | 1 |
0.017 | 25887 | 1 |
0.020 | 311267 | 2 |
Last trade - 10.14am 27/09/2024 (20 minute delay) ? |
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