Eurocontrol Technics Ord EUCTF

EUO comment

[green24]

The company received $16M in cash on closing, less about $1.6M due to closing costs and the unexpected paying off of about $1M loan liability.  They had about $2M in cash and receivables and $1.5M in liabilities at the last update if I remember correctly.    I guess this means they have roughly $16.4M in cash and receivables now and $500k in remaining liabilities.   Call it $15.9M in net cash, plus whatever the remaining two divisions of the company are worth, plus whatever you want to assign as the net present value of the $9M (guaranteed minimum) in royalty payments from SICPA.

 

With the bid at .17, the market cap of the company is $15.215 million.   No matter how you value it, it seems that anyone selling in the .17s is selling at a discount to cash on hand, let alone the true value of the company.

 

 

[xsnrg]

Yes I think we all understand our entire market cap is basically at the level of cash on hand, the question is why? Here is my reasoning and it has a lot to do with our CEO: Last year a swiss powerhouse APPROACHED Bruce with a desire to buy GFI for cash.  On Monday we received the cash from them and they basically got what they set out to do.  In other words Bruce did not do one thing

[green24]

But we aren't trading 'at cash'.    As I posted, we are at $15.9M or so net cash, yet trading at $14.3M market cap (at .16/sh).  A fairly steep discount to cash on hand, let alone the value of the other divisions and of the NPV of the $9M in royalties still to come. I'd call it a screaming buy right now, but with the overall market falling, who knows.   Maybe a

[shawshank]

This post has been removed in accordance with Community Policy

[green24]

So with the bid at .16, we now have a market cap of $14.32 million.   $15.9M roughly in net cash, 2 other divisions of the company, and $9M in guaranteed future revenue. And we still have people selling for 90 cents on the dollar just for the cash we have in hand now.  Never mind all of the other value in the company.   Just giving it away. LOL. Unbelieveable.   And..... more

[xsnrg]

If this stock's shareprice traded solely based on the cash on hand the company has, I would agree with you.  Unfortunately it has nothing to do it with it.   It doesnt matter if we have 50 cents of cash on hand, if we aren't paying it out to shareholders somehow and not using it to enhance future value it's not going to have any impact on the shareprice.  People will

[green24]

Might as well update this: With the bid at .15, we now have a market cap of $13.425 million.   $15.9M roughly in net cash, 2 other divisions of the company, and a minimum $9M in guaranteed future revenue from the 5% SICPA royalty. So someone was just dumping shares for 84 cents on the cash in hand dollar, never mind all of the rest of the cash coming to the company, or the value of the

[shawshank]

Greenie...dosen't really matter what McWhirter said about valuations-all the market will accord us right now is .15 per share on the bid...we SHOULD HAVE BEEN AT .24 per share and been trading around that watermark-but right now we are not being given any value by the mraket on our que at all...AT ALL. Rowlands has not done anything in being able to have that translated into investor

[green24]

And with the bid at .145, we now have a market cap of $12.98 million, so are trading at a discount to net cash on hand (roughly) of 81.6 cents on the dollar.    More please!

[xsnrg]

Green why do you keep saying more please....you haven't bought one share unless you are using UBS to do your trading.  

[green24]

LOL, I'm buying every share you are giving me xsnrg, at ever level I've been posting my discount to cash updates. Just out of curiosity xsnrg, are you ALL IN on EUO?   It seems to be the only stock you post about.

[xsnrg]

I am all in to some degree, I refuse to buy anymore until I see some moves in the right direction so in that sense I am ALL IN.  Your observation is correct I recently have only posted on this stockhouse board.  For me to spend my time posting on a board it has to: 1) Mean something financially to me, in other words I have to have a pretty serious amount of money on the line in that