theres a great advice by a number of famous people. If a stock trade below its asset value, its a discount to asset.
As an example, a company has $10m in cash and 10m shares on issue, then this share should be at $1 at least. If the share is trading at $0.80, then go buy out this company because you would be getting that $10m cash with just $8m.
as posted before, $10m cash on 580m shares on issued (roughly) thats $0.017. ICI cannot go below $0.017 else I will mortgage my house to buy out the whole company.
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Last
1.9¢ |
Change
-0.002(9.52%) |
Mkt cap ! $25.55M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $553 | 29.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 50884 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 75000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50884 | 0.019 |
7 | 456055 | 0.018 |
7 | 1161822 | 0.017 |
3 | 608000 | 0.016 |
3 | 1050024 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 75000 | 1 |
0.021 | 210893 | 4 |
0.024 | 478188 | 2 |
0.027 | 61209 | 1 |
0.028 | 534383 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
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