OAK 0.00% 6.9¢ oakridge international limited

what has been happening with this stock? I just checked XPE half...

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    what has been happening with this stock?

    I just checked XPE half year financial statements at 31 Dec 2017.

    Cash balance = $4.8 million

    Current assets = $7.9 million
    Current liabilities = $1.5 million. Most current liabilities comprise "Trade payable and others" of $0.5 million and Provision of $0.7 million.

    Liquidity ratio = 5.3 x
    In terms of liquidity, presently the company looks healthy unless there is "something" beyond common sense.

    Non current assets = $0.5 million. So it is unlikely to have "huge" impairment charges on the current assets because the amount of $0.5 million is not material compared to total assets of $8.5 million.

    Non current liabilities are only $0.2 million.

    Total equity = $6.7 million
    Market value of equity at $0.005 = $6.2 million

    Market value of equity is lower than its book value ? why?
 
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