Here is the calculation of the fair value of the MJS share after the IPO of PRG:
Lower value of the issue price: | SP PRG | 0,550 | HK$ |
| Market value PRG HK$ | 1.100.000.000,000 | HK$ |
| Market value US$ | 143.000.000,000 | USD |
| MJS stake 70,5% | 100.815.000,000 | USD |
| MJS stake per share | 0,097 | USD |
| MJS Cash per share | 0,085 | US$ |
| Fair value SP MJS US$ | 0,182 | US$ |
| Fair value SP MJS Can$ | 0,244 | Can$ |
Upper value of the issue price: | SP PRG | 0,750 | HK$ |
| Market value PRG HK$ | 1.500.000.000,000 | HK$ |
| Market value US$ | 195.000.000,000 | USD |
| MJS stake 70,5% | 137.475.000,000 | USD |
| MJS stake per share | 0,132 | USD |
| MJS Cash per share | 0,085 | US$ |
| Fair value SP MJS US$ | 0,217 | US$ |
| Fair value SP MJS Can$ | 0,291 | Can$ |
Has MJS stock ever reached its fair value?
Never! Is the MJS share known?
No! Did PRG's IPO help make MJS more popular?
No! Is MJS management willing and able to raise the share price to fair value?
Significant doubts! Where should the potential buyers of MJS shares come from?
No idea!