RE:ZUM issuer bids Based on the news released in September 14, 2018, ZUM announced that it intends to commence a normal course issuer bid to purchase up to 4.0 million of its common shares. ZUM believes that its Shares have been trading in a price range that does not adequately reflect the value of the Shares in relation to ZUM's assets and future prospects. As a result, ZUM believes that, at appropriate times, purchases through the Bid can enhance shareholder value...
Please read the news at:
https://web.tmxmoney.com/article.php?newsid=7928584090853490&qm_symbol=ZUM Based on ZUM's quarterly financial report, at the end of August 2018, ZUM had total assets of $50.1 million; total current assets (i.e. cash and cash equivalents) of $21.6 million; and total liabilities was only $9.5 million. Meanwhile it had 263 million total share outstanding. If based on total net assets, the share is valued at $0.154 per share (i.e. =(50.1-9.5)/263). Clearly, ZUM has not been trading in a price range that adequately reflect the actual value of $0.154.
Please read the financial report a:
https://web.tmxmoney.com/financials.php?qm_symbol=ZUM Warning: please be noted that this is only my opinion. It is NOT any investment advice. Please do your own DD.