MKB Nedsense beurshuls intrinsic value?

Peter Paul de Vries / Value8 company.

September 12th 2017:

Losing money, no activity.

Book value: 800 000 Euros

Market cap: 30 000 000 shares x 0,15 Euros = 4 500 000 Euros.

Seems expensive here. It is selling at 5,6 times what it is "worth".

October 20, 2018

last year after Septmber price shot up to 0,30 Euros per share from 0,15 = a good time to sell

Now not "Nedsense" but "MKB Nedsense".

Book value : EUR 1,3m

Debt: EUR 9m (at 1/2 year, one company has been sold to pay down debt).

Marketcap 34 000 000 shares x 0,18 price per share today = EUR 6m

Still seems expensive 6m book /1,3 market cap = 4,6x book & no profits.

Comments, questions or E-mails welcome: ajbrenninkmeijer@gmail.com