We obviously have different investment/trading strategies. I'm not interested in buying companies that 'might' have a chance of making me millions... Buying a Lottery ticket is easier.
I'm only interested in buying companies that can make me better returns then what I can get from anywhere else (like bonds or term deposits, etc).
I'm buying 17 cents worth of cash for only 12.5 cents (excluding any additional income, NTA, etc).
Now 4.5/12.5 = 36%
To me, 36% is great going especially when you add the fact that the company's last earnings were around 6 cents and its NTA was around 35 cents.
Yes, this is where the gamble is... Will the company make the same return this year? Will its NTA stay the same this year?
I'm not sure, but seeing that the cash is locked away from the other assets, I'm still 36% ahead!
Good luck with your purchases.
MUE Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
