FormerXBC Inc XEBEQ

RE:RE:RE:RE:RE:STILL NOT BUYING

[Resilience19]

Yes @tony 08, I "...realise that at $1.25 it would be at 61.5% of actual book value....".

That's why I indicated I'd look at buying, when conditions permit (i.e. cash availability, based on other positions I'm hoping to sell when I hit my target price), if the sp trades in the 1.25 +/-0.25. 

This said, if the sp does starts taking an upward trend, and that the conditions permit, I'd also be happy to buy anything <2.00 - always bearing in mind an early '23 target price target of 3.50ish.

tony08 wrote:

Resilience19 wrote: Never thought I'd say this but, at this time, I tend to agree with whognu...


My thought is that it will continue moving sideways(ish) until October - I don't expect '21 results and Q1 and Q2 results will stimulate the sp - even if I agree XBC is undervalued.

I'm not meaning to sound pesismist but what I hope to do is starting to buy again in the 1.25 range (+/- 0.25), if it makes it there, over the coming 6 months or so. No hurry.

If I miss the train (i.e. if it rises beforehand), I'll simply consider buying less (in $) that if the sp had made it to 1.25ish.

This said, I still aim for a $3.50ish sp around this time in '23, so whatever I buy between now and then should provide a decent risk/reward. It will all be a question of timing and cash availability that will determine my position between now and then. If I can't generate an important XBC position, I will have no regrets. It's all part of the investment game.

My two cents

 

You realise that at $1.25 it would be at 61.5% of actual book value....