RE:Expected Valuation?Chrysanthalas wrote: Since QCA is a merchant bank its share price is based off its Nav. Net assests - debt divided by outstanding shares. Its nav was about .26 after last financials. So how much more in assets do you believe qca will have aquired. Any reasonable expectations. As there is no analyst as of yet, future pricing is actually pretty easy if you have all their investments logged. But they have kept a lot of their investments on a need to know basis.
the 1st QTR ended with NAV of .31 and we are trading at 0.82 book then. We added 5 cents that Q, so our book could be over 36 cents by June 30 .. hard to say but not all cash was deployed back then.
Pls find my anything in the MJ business trading under book value and has nice earnings... and one that is diversified... I'd like to buy it too.
here is from May 30 NR....
“Calculating our percentage return for the quarter remains difficult because we closed an equity financing during the period” said Roger Dent, CEO of Quinsam. “Our operating income of $4.9 million in the quarter was generated on total assets at the start of the quarter of $19.4 million. We raised a further $12.3 million in the quarter, although most of these funds remained in cash at the end of the quarter. So we feel that our return on invested assets was quite strong in the quarter. At quarter end, we had net assets of approximately $0.31 per share outstanding.”
Net income of $4.9 million was after non-cash expenses of $0.1 million for tax and $0.3 million for stock-based compensation.