RE:RE:RE:RE:RE:RE:RE:RE:Financialsmercedesman wrote: Iseevalue wrote: Money talks. If we keep plugging along at even half these earnings then we will be doing okay.
Earnings of only $0.01 a quarter represent a gain of $0.04 annually which is over 10% on a stock like this.
Roger likes to undervalue his portfolio so he can keep buying up shares anyway
As an investor that is trying to produce capital gains, I'm not really interested in "plugging along" or "doing OK"
"Roger likes to undervalue his portfolio so he can keep buying up shares". Ok I agree with that, but it doesn't hlep his shareholders produce capital gains (i.e.maximize shareholder value).
Oh and you forgot that, in undervaluing the SP he can keep paying himself options annually (at lower exercise prices than what might otherwise be warranted in relation to the FMV). People forget that whereas buy-backs increase the NAV per share, options do the opposite through dilution. In fact, the whole buyback & option game, is in fact a transferance of ownership from retailers (who do not get options) to insiders (who do). Retailers
only win when the SP appreciates toward (and beyond) its underlying FMV.
I personally would not vote in favour of more options if the portfolio performance does not at least exceed the overall Cannabis market performance.
MM
I'm not feeling it. The large number of sunk or at par assets of small companies concerns me. I can't see tying up this money indefinately when a large percentage of QCA's money is sprinkled across so many small investments. Even ten baggers will not grow the NAV if they only represent 1/2% of the bankroll.
I would ditch the tiny dividend and pare down the investments to those with real potential. I would also consider a 5 to 1 share consolidation to increase the share price and borrowing money (rates are historically low) to increase the bankroll.
I still see potential here but continuing to do thigs the same and expecting a different result is a path I don't want to stay on. I'm starting to think that I should just take the profit on the shares I bought from $0.06 to $0.09 when the stock was severly beat up.
Penny stocks require an innovative PR campaign to break through and reach the financial community and we don't see any of that happening although we continue to ask for it.
This "Merchant Bank" should be at 50M by now and instead it's flowndering ar 60% of NAV. Investors want a reason to hold stocks and most of my positions in other companies have out performed QCA over the last year.
To stay in until Q2 reporting I would expect at least $0.06 to $0.08 in earnings and I'm not sure that will happen.
SolexxX