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FY12 (ended 30Jun12) full-year result just out and makes interesting.....
http://info.sgx.com/webcoranncatth.nsf/V...200224F4E/$file/GEMS_FullYearResults_22082012.pdf?openelement
The basic value of each Gems TV share now based on its latest NAV of USD0.0299 (or approx. $0.0374) is backed by (1) USD0.0093 (or approx. $0.0116) in net cash, and (2) USD0.0206 (or approx. $0.0258) in BV of a minority stake in U.S.-based Multimedia Commerce Group ("MMCG"). If and when MMCG is listed in NYSE or Nasdaq, the market value of Gems TV's stake should be higher than its latest BV (as at 30Jun12) of USD21.331m.
I am totally pleased with Gems TV's BOD's recommendation to pay out a $0.0095/share Final dividend from its net cash reserve.
If Gems TV's BOD is able to secure a good RTO candidate, there could be even additional value to be created!
http://info.sgx.com/webcoranncatth.nsf/V...200224F4E/$file/GEMS_FullYearResults_22082012.pdf?openelement
The basic value of each Gems TV share now based on its latest NAV of USD0.0299 (or approx. $0.0374) is backed by (1) USD0.0093 (or approx. $0.0116) in net cash, and (2) USD0.0206 (or approx. $0.0258) in BV of a minority stake in U.S.-based Multimedia Commerce Group ("MMCG"). If and when MMCG is listed in NYSE or Nasdaq, the market value of Gems TV's stake should be higher than its latest BV (as at 30Jun12) of USD21.331m.
I am totally pleased with Gems TV's BOD's recommendation to pay out a $0.0095/share Final dividend from its net cash reserve.
If Gems TV's BOD is able to secure a good RTO candidate, there could be even additional value to be created!