Eurocontrol Technics Ord EUCTF

RE:RE:RE:EUO comment

[green24]

And with the bid at .145, we now have a market cap of $12.98 million, so are trading at a discount to net cash on hand (roughly) of 81.6 cents on the dollar.    More please!

green24 wrote: Might as well update this:

With the bid at .15, we now have a market cap of $13.425 million.   $15.9M roughly in net cash, 2 other divisions of the company, and a minimum $9M in guaranteed future revenue from the 5% SICPA royalty.

So someone was just dumping shares for 84 cents on the cash in hand dollar, never mind all of the rest of the cash coming to the company, or the value of the other two divisions LOL.   More please!

Also, .15 is a hell of a discount to Mr. McWhirter's .245 NAV comment on Dec 29th.

Mr. McWhirter was on MarketCall Dec 29th.   Had to look it up to see what his comments were.   Here they are:

 

Their specialty in the division they sold to a Swiss company is that they take 4 parts per million and put it into petroleum products to find out whether or not there has been dilution of the product and to make sure that people are paying the proper tax. A very big recurring revenue model. They receive a guaranteed minimum 5% royalty over the next 5 years. This gives a cash value of 24.5 cents and the stock closed today at $0.18. They are now looking at taking on some acquisitions. His 2nd largest holding.

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.