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12-06-2019, 01:27 PM
(11-06-2019, 09:52 PM)weijian Wrote: Is the market actually undervaluing 8i now?
Based on its financial report ending 31st March, it has NTA of 8.6cts, majority are cash and "investible securities" - But share price was actually 6.2cts (adjusted from 6.5 cts aus) at year closing on the same date. This is almost a 40% discount. This means that Mr Market is actually assigning a negative value to its education and ecosystem business? Mind u, this is a business that cant be replicated easily from scratch n all the business connections n relationships etc..
Assuming the securities are easily liqidated and insiders shd know intimately, wouldnt it be a hidden champion?
Are they frantically buying back their shares at current value?
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger