GREY:BXEFF - Post by User
Post by
RichyRich$on Jun 22, 2019 3:02am
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Post# 29852108
Book Value Actually $18.69/Share Post Consolidation
Book Value Actually $18.69/Share Post ConsolidationMy bad. But still... at $1.00/share now... it's still only .054 P/B ratio. Which is still insanely low. It should be 1:1 P/B market share price to book value per share. Here's the math. Mar. 31, 2019 Total Shareholder's Equity = $653,613,000. Add the $110M Less Debt = $763,613,000 divided by 40,863,008 (the New Total Common Shares) = New Post Consolidation Book Value of $18.69/share. At current market $1.00/share, it's at .054 P/B. Even if they went bankrupt and liquidated at 30% of book value... we'd get $5.61/share. Even though bankruptcy risk is gone now with debt extended to 2023. That's the value the bank lenders saw and why they bought shares at $3.22 break-even. They don't make money until it goes past $3.22/share. They're looking at what it's worth if liquidated at 30%. They'd still roughly double their money. For us buying at $1.00/share... would be 5.6 X gain even if liquidated at 30% of Book Value!