expected price in 12mths 70cents?, page-12

Yeah, it's a good sign even though it's only $9k worth.

My strategy in February was to buy shares with high NTAs and low prices - the likes of MDT and CER - which have paid off 5-10 times.

Looking at KBC, they have NTA of 62c as at June 2009 and their share price is 8.5c at the moment. No doubt they will have write downs, but look at the numbers:

Assets = $337m
Debt = $215m
Equity = $122m

Assume no debt repayments and impair by 20%:
Assets = $269.6m
Debt = $215m
Equity = $54.6m

Change in equity: -55% therefore new NTA: 27.75c
Which is still 3 times current market price. They are a classic example of highly leveraged company (though not as extreme as some other ones out there). I believe that a 1 for 1 rights issue which would raise about $15m would give them some breathing space - pay down a bit more debt, reduce the interest bill. I know $15m is a drop in the ocean compared to $215m but still a good starting point.