I've run the numbers on MOQ. Why the hell doesn't Cirrus have a MC of $40M? Same revenues, same cost of sales, same growth ambitions, same cash, same debt.
The only thing that sticks out for me is that MOQ Trade debtors is $10M more, trade creditors is $14M less, Intangibles is $14M more and Net assets is $17M more than CNW. A better investor than me can make further comment.
I've also run the numbers on BPF. Just a few days ago we have the same market cap as this dog of a stock.
Hold on because this is going to pop!
CNW Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
