Volume hasn't reached crazy level. Don't think gungho traders are in. I hope they will come in soon...and as I type, it breaches $0.80.
The stock has gone above the price before the rights was announced ($0.77). What a ride!
(30-06-2014, 08:23 PM)greengiraffe Wrote: [ -> ]If there are any avid fans of canto drama series - 大时代,when someone jump off, the end is near already.
Don't think can go too far wrong buying back a written down business at 55% discount.
It seem like what you have speculate is turning into a movie.
(25-07-2014, 10:05 AM)Ken123456 Wrote: [ -> ] (30-06-2014, 08:23 PM)greengiraffe Wrote: [ -> ]If there are any avid fans of canto drama series - 大时代,when someone jump off, the end is near already.
Don't think can go too far wrong buying back a written down business at 55% discount.
It seem like what you have speculate is turning into a movie.
That is the rare few classic that I watched... life is like a movie isn't it...
While GPI has been buying back shares from GPB, one must the fundamentals of the biz has not changed
In my view, GPB will generate 10-12 cents of cash this FY. This translates to the current price 7.4x P/CF. it is quite attractive to still hold on to this piece of business.
(Still vested>
Results seem to signal that the business can generate 5.6 cents EPS/ 11.8 cents Free cash flow consistently. Valuation wise, its still attractive.
Do note GP batteries is paring down its borrowings too, this will help reduce finance cost. Assuming they use the 9M proceed and 32M of their 41M free cashflow generated per year to pare down borrowings, they can be debt free in 4 years
<vested>