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Bullboard - Stock Discussion Forum Hyakugo Bank Ord Shs HYKUF

The Hyakugo Bank, Ltd. is a Japan-based company mainly provides financial services such as leasing business mainly banking. The Company mainly operates through two business segments. The Banking segment provides deposit services, loan services, domestics exchange services and foreign exchange services. This segment is involved in the investment trust and insurance counter sales, financial... see more

PINL:HYKUF - Post Discussion

Hyakugo Bank Ord Shs > Too quiet
View:
Post by Binkie on Jun 11, 2022 11:39am

Too quiet

There were lots of people that bought in at the crash in the 20's and have done very well over the past month. I would have thought there would have been some celebratory chatter but I suspect many of the buyers were just averaging down. 

As previously mentioned, I think this management team screwed shareholders over so I'm not giving them any more money. However, I will hold until I recover the losses and maybe longer depending on how the Q2/3 year end reports look. I still hope they get their act together and can increase production, reduce costs, address and resolve labor issues and significantly increase revenues once the contract volume is met.

They don't have to hit any home runs, this company is valued so cheaply at $40m that modest improvements in the metrics will have a significant impact on sp. Should they return to historic production levels-itself a vague term- but let's say 1million tons annually based on H2 production of 500k, and if they make even $40 per after the fixed price contract fulfillment occurs, they would  generate annually gross profits equivalent to the current market cap. If they actually were somehow able to get spot pricing the numbers would be incredible and be many multiples of current market cap, so I wait as the swelling goes down from the lumps I've taken.

Comment by auburn2 on Jun 15, 2022 2:04pm
Yes, I averaged down and now have a very attractive and low break-even price. See you tomorrow at the virtual meeting.
Comment by Binkie on Jun 15, 2022 4:13pm
I won't be attending but I suspect there will be some accountability issues brought forward. Hope there is good news in the updates
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