Post by
newdaydawning on Apr 14, 2017 7:16pm
Just how under-valued is EUO?
Here's what Ubika Research said in Jan 18 report when the SP was $0.15
With a market cap of just over $13mm, the value assigned by the market to EUO’s shares is out of whack. Considering that Eurocontrol has $14.3mm in liquid assets, additional guaranteed cash flows of $7.5mm in the next five years, as well as huge upside from its three business divisions, the Company should be trading at much higher levels.
https://www.eurocontrol.ca/images/reports_and_filings/independent_reports/2017/Ubika_Equity_Research_Jan18-17.pdf
Comment by
lscfa on Apr 15, 2017 1:25pm
The accounting has confused Ubika as well....the guaranteed SICPA earnouts are not recorded as revenue but rather as receipt of amounts due.... "Eurocontrol generated $947k in revenues for the first nine months of 2016, with an additional $1.5mm expected in earn-outs from the GFI sale."