Guys,
What am I missing here. Why is GLE trading at 0.5x Net Tangible Assets of $0.67, as per the FY21 half yearly report?
Consistently profitable (albeit not consistent), trading at current PE of 3.6. Although, GLE doesnt seem to be growing.
Selling products to tier 1's such as WalMart, Nautica.
If GLE were to liquidate all tangible assets for their current value, shareholders would recieve 2x return at current prices.
This seems to be a textbook Cigar Butt as per Buffet principal.
Whats going on here guys, why is this unloved?
Any reason not to pump some funds into this one?
Undervalued?
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Mkt cap ! $14.82M | |||
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| GLE (ASX) Chart |
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