S2096914 well done on JIN. Yes you are correct similar situation with licence uncertainty. What I have now learnt is that with these types of uncertainties worst case is already priced in. By the time it becomes a certain thing, you miss the significant early gains.
Facts on ONC
Cash - $24m (explained this calc in previous posts) Market cap $32.4m Enterprise value $8.4m FY13 npat $3m
With so much cash it would be unfair to value business on anything but enterprise value. However for the sake of being conservative let's make it a blend of both enterprise pe & market cap pe.
Enterprise pe 2.8 Market cap pe 10.8
Add 2 together & divide by 2 you get blendid pe of 6.8 Market avg pe is 12 X's
So ONC is worth 76% more or 31.2c per share
What do others think on how to value ONC?
TFL Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
