Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: ValueGuy who wrote (41726)	3/14/2011 7:38:06 AM
From: ValueGuy	Respond to of 78744

Please can anyone confirm? I was about to buy POEFF.PK but am not sure if this is the same company as POE.V?

To: ValueGuy who wrote (41726)	3/14/2011 10:33:56 AM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78744

I am not sure why you think that POE.V/POEFF sells below book value. According to September 2010 results, the shareholders equity is 187M or 205M depending whether you count non-controlling interest. Market cap is about 338M (49M shares x 6.79 or 6.91 price). So it's selling at ~1.7-1.8 book value. Your other numbers were correct, but your calculation of book value is not. IMHO POE.V/POEFF is not very cheap, but then I am not "conventional" investor in E&Ps. Good luck