Surprised no one has created a thread yet.
BCM has been hammered due to its link to BNB (name only)
So what is BCM approx worth ?
- $370m cash
- 57% of eircom worth $256m (feb 29)
- 100% of golden pages worth $248m (feb 29)
- No link to BNB debt.
- 175m approx shares outstanding
847/175 = $4.84
Current sp is $3.6 therefore that would mean $2.14 of it is cash and $1.46 for assets ?
Is this way undervalued or am i missing something ?
They are currently doing a buy back of 10% but are currently getting it pushed to 50% ?