Nordex Explosives Ltd V.NXX

Market Cap

[AbNormAl]

This company is now trading way below book which is not new news. To set the record straight with this board, I reversed my position yesterday and bought back some of my sold position.

[Bboomer2]

I don't know about the "book value" you're seeing Ab.  Two of the larger explosives companies did a due diligence and backed right away without an offer.  Are you calculating in the debt when you do the book value?

[valuedude1]

Has anyone spoken to mgmt? Seems like nobody answers the phone or email there.

[Bean_and_Dunn]

Book Value is staight forward. It is the amount of equity in the company after all liabilities or debt obligations have been taken into account and presently sits at $8,909,477. When you divide by this amount by the number of shares you arrive at $0.436.  The stock is trading at a huge discount to its book value. Consider for one moment that mobile equipment alone was valued at $3,340,681

[Bean_and_Dunn]

Would you go into a wee bit more detail on what you are saying in your post. Specifically about the "two of the larger explosives companies did a due diligence and backed away without an offer."  I have heard that several larger explosives companies have looked at Nordex. I even heard the rumor that an offer of about a $1.00 for each $1.00 of sales was contemplated. Today it would

[AbNormAl]

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