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Resource Capital Gold Corp GDPEF

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.


GREY:GDPEF - Post by User

Comment by LeftBookon Feb 02, 2019 7:20pm
52 Views
Post# 29310942

RE:RE:RE:RE:question on unused tax credits if any

RE:RE:RE:RE:question on unused tax credits if any
It is best to view the company as a business and determine the per share price when the end.

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Annual Report pg 4 June 2018

Common shares $33.2M
Deficit $24.0M
Shareholder equity $12.95M
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RCG's current book value is 7.3c/sh

$12.95M/$175M = 7.3c/sh
 
If I understand RCG's accounting correctly the company would reduce the deficit as it applied tax credits. This would increase the shareholder equity by the same amount.

Lacking a better number I will use $20M as an example. 
And assuming (silly) everything else remains the same...

($12.95M + $20M)/175M shares = 18.8c/sh

The catch is RCG has to make money to apply the tax credits.

Hopefully someone can offer a better explanation and more appropriate numbers.


 

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