Eurocontrol Technics Ord EUCTF

RE:RE:EUO comment

[xsnrg]

If this stock's shareprice traded solely based on the cash on hand the company has, I would agree with you.  Unfortunately it has nothing to do it with it.   It doesnt matter if we have 50 cents of cash on hand, if we aren't paying it out to shareholders somehow and not using it to enhance future value it's not going to have any impact on the shareprice.  People will only buy a stock that they think they can sell for more money later, right now EUO doesn't fit that bill for most (evidently).

green24 wrote: So with the bid at .16, we now have a market cap of $14.32 million.   $15.9M roughly in net cash, 2 other divisions of the company, and $9M in guaranteed future revenue.

And we still have people selling for 90 cents on the dollar just for the cash we have in hand now.  Never mind all of the other value in the company.   Just giving it away. LOL.

Unbelieveable.   And..... more please :)

green24 wrote:

The company received $16M in cash on closing, less about $1.6M due to closing costs and the unexpected paying off of about $1M loan liability.  They had about $2M in cash and receivables and $1.5M in liabilities at the last update if I remember correctly.    I guess this means they have roughly $16.4M in cash and receivables now and $500k in remaining liabilities.   Call it $15.9M in net cash, plus whatever the remaining two divisions of the company are worth, plus whatever you want to assign as the net present value of the $9M (guaranteed minimum) in royalty payments from SICPA.

 

With the bid at .17, the market cap of the company is $15.215 million.   No matter how you value it, it seems that anyone selling in the .17s is selling at a discount to cash on hand, let alone the true value of the company.