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.

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Parent Capital Corp > My analysis of anticipated return

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Post by gertrude73on Apr 26, 2019 4:57pm

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Post# 29677107

My analysis of anticipated return

I have purchased shares at around $1.83. I think the sale of properties announced will in fact close at net proceeds of $63 million or about $1.37 per share.
The equity is $99.663 million according to the financial statements. Deducting $63 million from this leaves $36.663 million. i have discounted this by 10% leaving a value of the company (after announced sale) at $33 million or about $0.79 per share. $1.37 + $0.79 = $2.16. So, I think the value of the company is $2.16 per share. I bought shares for $1.83, or $1.815 with distribution of $0.015. I anticipate my return on investment will be approximately 18%.

Remember, do you own due diligence.

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