Tuesday, June 02, 2020

Kardan notes over 2019

In 2018: 

Kardan notes

Kardan 2018 neg. book value, creditors angry about bonus for CEO, stock down 50% to 10 cents

June 2020: Stock has fallen further to 3 cents. They lost EUR 30m? on water projects and trying to figure out how to finance real estate in China. Book value - 1,2 EUR per share.... Hard to see how to give this company a positive valuation. 

No comments: