Is this correct?
Book value calculations
I will use purchase price on our private companies even though that may be severely undervalued.
Private Companies
Softquad 35% interest = 1,250,000 (cost)
Visible Decision 40% int = 1,100,000 (cost)
Online Direct 2 % int. = 150,000 (cost)
Public Companies US
LUMM 1 ,000,000 shares @ $39 Us x 1.47 = 57,330,000 Cnd
VGIN 1,000,000 shares @ $18 7/16 Us x 1.47 = 27,103,125 Cnd
Public companies Canadian
BFG.V 70,000 shares @ 10.20 = 714,000
EST.T aprox 600,000 shares @ 6.20 = 3,720,000
MNTX 2,200,000 shares @ 1.90 = 4,180,000
NSII 4,000,000 shares @.50 = 2,000,000
Total Book Value
Assets 97,547,125
Shares out. 10,000,000
Equals $9.76 share in Book value
Current trading price 3.20
Current shares trading at 1/3 book value ?????
I just added to my position again today
Vitalsigns |
