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Parent Capital Corp V.PAR.UN


Primary Symbol: V.PAR.H Alternate Symbol(s):  PTSRF

Parent Capital Corp. is a Canada-based junior resource company. The Company is engaged in the evaluation, acquisition, exploration and development of international resource properties. The Company is inactive and is engaged in seeking an asset to acquire. The Company does not own any resource properties.


TSXV:PAR.H - Post by User

Comment by YellowBrickRoadon Mar 13, 2019 4:01am
112 Views
Post# 29476925

RE:RE:RE:Good news. Insiders received 3825 shares; no one sold any

RE:RE:RE:Good news. Insiders received 3825 shares; no one sold any
wheeloffortune wrote: It's trading at 0.53 p/bv at $2.03--so there's a lot of hidden value tucked away. 
Here are the numbers as I see it:

Property Value Equity per unit
Western $108.00 $43.20 $0.94
PQ $158.00 $63.20 $1.37
ON $120.00 $48.00 $1.04
  $386.00 $154.40 $3.36

The equity is based on 40% equity since the Debt/GBV is around 57%.  The special div on the Western was $0.87, so not too far off.  The price it used to trade at was around $3, which is 89% of equity.

That leaves:
Property Value Equity per unit
PQ $158.00 $63.20 $1.37
ON $120.00 $48.00 $1.04
  $278.00 $111.20 $2.41
The price is now around $2, so 82% of equity.  There is also one property left in Selkirk, MB.

With the sale of the PQ properties, that leaves:
Property Value Equity per unit
ON $120.00 $48.00 $1.04

$1.37 from PQ + $1.04 from ON = $2.41, so there is a 20% gain / $0.40 per share on the current price if the costs of liquidation don't eat up too much of the final cash received.

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