A lot hinges on this C-19 and government response. Donaco is not unique to this - the whole world is in shambles - cases in US are rising fast, Sth America shutting down mines etc. Economies are crumbling or at least have been hit with massive disruptions. If there is a bright spot with Donaco its the fact that Megabank's debt levels have slowly been paid down (that is till this virus hit).
Any valuation for SV is a bit of a worry since Donaco is only leasing it hence very much dependant on extracting money from a business sense - Donaco doesn't own the land and courts previously identified the 'asset' being only worth around US$30mill - less than a 10th of what has been paid for it by Donaco - and that was pre Covid.
So the only 'real' value probably is Aristo which whilst may be valued at a certain level - will probably not be realised in the event of a forced sale. So what is a share worth?? Currently unfortunately 3-4 cent seems to be on the money - perhaps even at a premium - and can head south with further shutdowns. Hence very skeptical of buying at even the 3.5 c rights issue price. Good luck to ASM getting back whatever they paid for their stake - even they seem to have outsmarted themselves. Each to their own.
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Last
3.5¢ |
Change
0.002(6.06%) |
Mkt cap ! $43.23M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $4.673K | 134.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 211401 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 3974 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 211401 | 0.034 |
4 | 128266 | 0.033 |
4 | 223134 | 0.032 |
2 | 57290 | 0.031 |
4 | 913353 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 3974 | 1 |
0.037 | 70000 | 1 |
0.039 | 477212 | 4 |
0.040 | 386936 | 1 |
0.041 | 78720 | 1 |
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