Further to my previous post the adjusted NTAB that I calculated of 21.3 cents per share is ultra conservative.
The CIY shares are selling at only 7 cents on the stock market a considerable discount to NTAB. City Pacific Ltd receive substantial management fees. Property sales are picking up considerably.
The company is very attractive as a MBO or for a venture capital company dealing with turn around situations.
The above Adjusted NTAB includes impairments of assets which may never be realised and for which management have strategies to endeavour stop the realisation of those losses. Impending expected significant profits will soon be realised for CIY and CPK.
The new CEO of CP1 Limited is in fact a turnaround expert and he is determined to make the company successful.
Further to my previous post the adjusted NTAB that I calculated...
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)