re: sleeper/turnaround story/cwb
I don't see the founders/brothers thing being a problem whatsoever and agree with vfrioni that their holding is a huge bonus at this stage. Low liquidity is a bonus too - it means an extra discount for buyers who are prepared to hold (at the expense of the impatient or desperate).
Liquidity will increase with the sp and i'm sure the MDs will happily sell down some of their holding at the right price.
From the back of a beer coaster my numbers look like this:
If they can turn a $2m profit on $61m revenue into $4-5m on $70m revenue, multiply that by a P/E of 8 (instead of 5) to reflect increased confidence and you get a 400%-ish return. Doesn't sound too far fetched does it? They did mention a record forward order book.
KLM Price at posting:
0.0¢ Sentiment: None Disclosure: Held
