12-05-2014, 11:38 AM
Based on Mar2014,
Total invest. security + cash
= 84,483 + 10,177 + 112,459
=USD$207.119m
Float: 933,532,450
Above per share
= USD$207.119m / 933,532,450
= USD$0.222
= S$0.277 (USD$1 to S$1.25)
Current assets (without IS & cash) - TOTAL liabilities
= 232,800 - 10,177 - 112,459 - 52.756
= USD$57.408m--> still positive
Share price: S$0.28
The market is valuing it virtually at cash (assuming no problem selling IS)......anything wrong with my layman calculation or this counter?
[vested recently]
Total invest. security + cash
= 84,483 + 10,177 + 112,459
=USD$207.119m
Float: 933,532,450
Above per share
= USD$207.119m / 933,532,450
= USD$0.222
= S$0.277 (USD$1 to S$1.25)
Current assets (without IS & cash) - TOTAL liabilities
= 232,800 - 10,177 - 112,459 - 52.756
= USD$57.408m--> still positive
Share price: S$0.28
The market is valuing it virtually at cash (assuming no problem selling IS)......anything wrong with my layman calculation or this counter?
[vested recently]