GREY:CHALF - Post by User
Post by
syl3993on Aug 31, 2018 4:32pm
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Post# 28551133
Happy labour day weekend to all Canadians!!!
Happy labour day weekend to all Canadians!!!Next week kids go back to school and investors return to the markets. We as GLH longs will look forward to the Canadian Licence coming in soon, Q3 #'s (and yes I realize that Q2 was just released but Q3 is the one that will be a mojor turning point) and the possibility of so much growth prospects for GLH. GLH is very quickly becoming a very nice takeover target but at what price? I look at ACB as a comparable. ACB has a 8.7B market cap with approx 3 times GLH revs ($42m). So if you divide 8.7B / 3 you get 2.9B. So a takeover price I would give GLH would be approx 2.9B divided by 166M (GLH market cap) =17.5 X.28= $4.90...Sounds about right when you look at other valuations the market is giving. I would gladly trade my 500,000 shares of GLH for ruffly 15,000 shares of APH or 30,000 of ACB.I guess time will tell.