I am waiting to see if there is any negative announcement from Imperium crown, or else, the current share price is obviously way oversold, likely due to market sentiments and shortists.

-- At 4.8 cents, the value of the company is now only valued at $37.8m.
-- According to its latest statement in Feb 2018, it has $23m cash and cash equivalents and ZERO debt. Even if I deduct the difference in trade receiveables and trade payable of $6m, the company still has $17m nett cash.
-- On top of this, the company' s investinment (60%) in GEM (Wonder Stone Park) is worth $53.5m and there is also its australian investment in Richardson Trust (27%), which I am not sure of its worth.
-- Wonder Stone Park is not really about stones, but property development, e.g. hotel and residential. This area is very near a high speed rail station.
-- Even if GEM is worth only 1/2 what the company put in, it is still worth $27m. Plus nett cash $17m, the company is easily worth $44m on paper. And I am not even taking into account how much Richardson Trust can bring in.

Read more

Deep value investing. But is this the best that you can get?


Reply to @div1g4in : Deep Value really need to wait. Like 2 years at least. It will be a long journey.

  View More Replies Small loading

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions