RE:SHL: Time for new management?Not including ANY of its own propoerties or JVs or shares of NOB.v...
SHL.v owns 8.1 million shares of CNC.v ($3.25/share) curently worth ~$26 million. SHL.v market cap is currently BELOW market value of its CNC.v shares - again NOT INCLUDING ANY of its own propoerties or JVs or shares of NOB.v. SHL.v has already spun out ~2 million CNC.v shares to shareholders and may do the same again with reminaing 8.1 million shares. SHL.v is worth buying at these levels for exposure to CNC.v alone - especially after this week's CNC.v PEA and anticipated expansion and newsflow - IMO initial market reaction to CNC.v PEA not representative to potential and with time (sooner than later) CNC.v will get re-priced to relfect true value closer to previous highs.
I'm a buyer here and believe 3 months from now SHL.v will be much higher.