I've got hit a bit in the last few days as well. This article although old is a good one to say that at 15cps, and anywhere up to 20cps looks still OK for MMJ? But I'm not a guru by all means.
In particular: ...MMJ is currently trading at a significant discount to its net tangible assets (NTA) per share post tax.NTA is relevant here because in essence it tells you how much cash the company would have it sold its entire portfolio of investments.The value of this as of 31 May 2019 is 38.5 cents, which compares favourably with its current price of around 25 cents.So this is a discount of approximately 35%.Its total portfolio inclusive of cash on hand if sold on 31 May would net them $94.7 million, which again stacks up well with its market cap of just around $58 million today.
Not sure how the valuation works but for me, at these levels I think I will be holding. Declaring I'm at an average value of 17c...
Good luck!
MMJ Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
