I've been doing some back of the envelope calculations about this company and it looks to be a very good buy.
The market cap is just $18m and this is supported by nearly $10 m in cash and some very good (and hard to get) financial services licensing.
it also has over $4 billion in funds under advice, management etc which will have to generate fees of millions every year.
In recent days have announced $1 bn provides a $500k advice fee. Another $700m has about $1.9 in revenue (@.275% of assets).
They have made losses recently but that looks set to change on the back of these deals already.
Have I missed something or is this stock super cheap?
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I've been doing some back of the envelope calculations...
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Mkt cap ! $12.29M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 33140 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.2¢ | 72715 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33140 | 0.051 |
1 | 36456 | 0.050 |
1 | 100000 | 0.033 |
1 | 36888 | 0.026 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.062 | 72715 | 1 |
0.070 | 99997 | 1 |
0.080 | 103850 | 2 |
0.084 | 7000 | 1 |
0.090 | 10000 | 1 |
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