ValueMax Group

[muns]

most of things being pawned are gold related.

I worked in pawnshop before, only sometimes some people pawn expensive watches, otherwise its mostly gold. The amount pawned depends is most often a fixed percentage of the items worth in gold weight. So you would have to expect that revenue corresponds to a large degree to gold price.

However it does mean that revenue has not grown at all in relative terms, assuming gold price was the same, revenue would be the same.

Share price should drop until the div. yield comes to about 4%

When you say mostly gold, would north of 90% of the items be a rough ballpark figure?

And from their IPO I read that they use scrap prices as a baseline to calculate the valuation for their LTV for clients, in general at how much % above scrap prices would the valuation of the articles be worth? So how much of a discount would they be offering the clients from the full valuation of the gold article in general?

Another question is, say for example say today, gold is now priced around US$1.3k per oz, how much is the scrap value per oz?

Thanks
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