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Hyakugo Bank Ord Shs HYKUF

Hyakugo Bank Ltd is a Japan-based company mainly provides financial services such as leasing business mainly banking. The Company mainly operates through two business segments. The Banking segment provides deposit services, loan services, domestics exchange services and foreign exchange services. This segment is involved in the investment trust and insurance counter sales, financial product intermediation, merger and acquisition (M&A) and syndicated loans. This segment is also engaged in the examination and adjustment of cash, the storage and management of documents and accounting books, the survey and evaluation of real estate, the placement agency and personnel management business. The Leasing segment is engaged in the leasing business. The Company is also engaged in the trading of financial products, the credit card and credit guarantee business, the provision of regional industry survey- and consulting-related services, as well as the processing of information business.


PINL:HYKUF - Post by User

Comment by elduckyon May 12, 2022 8:18pm
116 Views
Post# 34679951

RE:RE:RE:RE:Train wreck

RE:RE:RE:RE:Train wreckAll they really needed to do was produce the same volume as Q4. How hard was that? Then they would have still made a paltry 15 cents. Bad, but whatever. How did they screw this up? 

You are right about the potential. An astute purchaser would buy out the company for cheap. It's worth $1 just for the plants. The reserves are worth $0.75, even undeveloped. They should be making 30 cents a quarter. I was expecting a buyout around $3 later this year. Obviously that's not happening. 

A bid of $1 would be successful at this point. Even that might be high. 75 cents would do it. You get 1 of the plants and all of the coal for free! Operate it properly and get your money back in 6 months. Crazy stuff.

Weird as it sounds, I might buy some tomorrow if the selling overwhelms and it's just too cheap. 

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