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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Longford share valuation
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Post by justiceleague on Jan 16, 2012 7:37am

Longford share valuation

For all you non accounting folks - your shares are worth 23c per today's deal.

The 10c is a dividend that will be paid to all those shareholders who hold the shares at the time of closing.

The remaining share value is EQUAL TO THE value of the cash which is the asset on the balance sheet. If all goes topsy-turvy, you get 13c back on top of the 10c!

Anyone trying to convince you otherwise is trying to rip you off by buying your shares cheap.

For eg: if you sell at 17c, the buyers get 10c dividend as well as get to keep a premium of 6c (23c value of your share less 17c purchase price).

Use your own intelligence.

Comment by farml1234 on Jan 16, 2012 7:41am
  justiceleague     what are you smoking this morning
Comment by justiceleague on Jan 16, 2012 7:48am
I dont think you are aware - this stock also trades on the Frankfurt Stock Exchange. Share price up 45% to 0.15 Euros or 0.20c!
Comment by farml1234 on Jan 16, 2012 7:52am
link please
Comment by justiceleague on Jan 16, 2012 7:57am
Here you go: https://markets.ft.com/research/Markets/Tearsheets/Summary?s=70L:FRA