Friday, June 12, 2020

MKB Nedsense notes over 2019

MKB stands for Midden en Klein Bedrijf (Small and Medium sized Enterprise or SME).

Peter Paul de Vries / Value8 company.

Previous notes:

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". Share price: EUR 0,15



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. Share price: EUR 0,18

June 2020 today: Share price EUR 0,14

The figures for 2019 have not been audited. (A 2 year accounting period Jan 2018 - Dec 2020).

Book value EUR 6,7m

Market cap: 88 000 000 shares x 0,14 = EUR 12,3m

Earnings per share 2019 0,01  "PE of 14?" 

No debt. Debt has been converted to equity, hence the increase in shares. 

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