Torrent Capital Ltd V.TORR

Estimated market value of TORR's shareholdings

[lumpy13]

I did a rough estimate based on 3/31 public holdings and assuming they shareholdings haven't changed.

TORR had a market value of $11.8m with 24 million shares, or 49 cents/share.
SONA adds $9m.   I estimated a double of the gold share prices, which adds another $1.2m  Their biggest shareholding kneat.com didn't change in value.  I estimate, again based on share price increases of its other public holdings, which we know, that the value has increased another $0.8m.  They have other shares which aren't publicly traded and other marketable securites which aren't detailed.

As such, assuming shareholdings haven't changed, I come up with market value of $23m, or 96 cents a share.

I can understand an insider sold 322k shares Friday, but I can't figure out why 800k shares would trade today and the shares price only went up to 69 cents.  

Would love to understand what's really going on.  Are shareholders that ignorant of TORR's holdings and taking advantage of the share price increase from 53 cents June 30 without realizing that market value is far greater?  You'd think current, informed shareholders would take advantage of this arbitrage opportunity.  Or do we need to wait until 2Q20 numbers are released before investors wake up?

Does anyone have more up to date details on TORR's shareholdings?

[Aarman4]

You asked what's really going on? The company has a market cap of about $16mil..... That means that you and I are two of the handful of analysts covering them, HAHAHAHA! There is very little out there to give anybody a reason to look through an MD&A and find out the story of Torrent Capital, but it appears to be a very good one based upon the first page ;) I have no up to date news on

[igold8]

Also hit .82 today so the potential to burst quick is there, just needs to churn through the shares of the seller who is exiting and this could be for many different reasons certainly not related to TORR just moving money around and crystallizing a big gain in a short period of time in the process. Again with a tight held stock you need this trading to happen to turn over the shares in to new

[Aarman4]

I couldn't agree more... I cannot buy if somebody cannot sell! I just hope they are as happy with their returns as I will be with mine! Cheers!

[thesky1]

I think the reason for selling is sell in the 80s then drive the price down and buy back in the 60s or 70s