Lot of things are being said on this topic now. But let us not forget these points-
NAOS Small Cap Opportunities(ASX:NSC) Market cap = $125m
Holds 24% of COG = 24% of $128m = $30m
Holds 19% of CGR = 19% of $95m = $8m
Combined investment value = $38m
Greg & Daniel Riliey together holds 9%.But keep in mind, in a conflict, they can not use them to vote, but NAOS can use their 19%.
CGR has been underpriced compared to its value because-
1. They had a very small number of clients until recently.
2. A microcap in a sector that lot of investors would avoid at current times.
The way the deal has been set up, it is almost impossible for another party to come up with a rival offer.
Some CGR valuation numbers are being thrown around here. But reality is that with such high gearing, if CGR can materialize the gains they projected from the recent acquisitions, their value will be many times higher.
These are all my opinions and of course.
Cheers everyone.
Lot of things are being said on this topic now. But let us not...
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Mkt cap ! $50.73M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.5¢ | $3.241K | 18.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 22571 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 18.5¢ | 173415 | 4 |
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| Last trade - 15.31pm 03/05/2024 (20 minute delay) ? |
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| 17.5¢ | 17.5¢ | 17.5¢ | 8480 | ||
| Last updated 14.05pm 03/05/2024 ? | |||||
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