(24-09-2015, 10:33 AM)LocalOptimal Wrote: The low liquidity is indeed a problem for investors... there was a month with no trading at all!
At ~33 cents there was still slight volume, and on hindsight the price seems pretty undervalued at the back of this bumper dividend
at around 33c now NAV is only 36.82c leh, not much MOS, upside will be also very limited. Dorm business only till 2017, net EPS is ~2.6c/year. Revenue keeps dropping how to sustain the other half of the EPS?
At 91+% owned by top 20 shareholder, wait till it drop back 20c level, owner likely delist.
looks pretty fairly valued to me.
SAFE but not CHEAP
Virtual currencies are worth virtually nothing.
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