Holding company discounts you can't pin down, they're all over the map ... and yes, they do run, here's an example - chart.canada-stockwatch.com
... even at the peak here there was a discount to NAV [charts of some of their holdings are even more scarey] ... i was out of it completely at 7.50, thought it was going to settle back ... well, it did -g-
Using a fairly conservative figure of 60% discount -
Let's say CIBT achieves the earn-out provisions in the Augsback contract of 5US/sh, that makes cpt's portion worth 70mCdn, 40% of that is 28m, or 2.00/sh using the fd figure.
Then let's say SEG gets floated on the GEM, at the planned rate of 40mUS for 27% of the equity, that makes cpt's 51% worth 75.5mUS, or 113mCdn ... 40% of that is 45.3m, divided by 14m f.d. = roughly 3.23/sh
Together ~5.25/sh using a conservative discount ... not too shabby ... for 40% discount that turns into 7.88/sh, and in the case of CIBT and/or SEG stock enjoying market favour, a run well above that certainly looks possible ... now this is all pie in the sky stuff, as none of it has happened yet ... still, i just put new batteries in the calculator, and numbers are fun again.
Anybody going to try signing up with Tai Fook tomorrow? |
