GREY:ISYRF - Post by User
Comment by
natioson May 14, 2018 3:37pm
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Post# 28028463
RE:RE:Looks like the start of another pathetic trading week
RE:RE:Looks like the start of another pathetic trading weekListened to the call this weekend. Sounds like operationally things are going well and should continue.
What I'm surprised by is that the company has $0.42 per share in net cash, but more interesting is $0.75 in working capital. Even if you haircut Stream -that could work - still have $0.68 per share. Not even giving value for their tax losses that means the business is only valued at under $13mm. Why wouldnt they just privatize? Lose all the public company costs/other fees and that alone likely doubles the EBITDA prior to increasing margins with scale. I estimate at current share price you'd be at 2x to 3x EBITDA. Seems way too low.
Post any feedback from AGM should you attend.