O.K. just for funnies let an old optimist do some assuming. Assume that AKK will earn net $400 millon in 10 years. Assume that AKK has 1000 million shares. Assume that as an investor you would like to receive 10%pa compound interest on your investment. Then the NPV of 1 share of AKK is 15c. Assume a contingency factor of 33.3% for risk and you could assume that a share is good buying at 10cps. Admit you're a gambler or you wouldn't be in the market. If you're like Buffet you're still a gambler but you're good at it. Me??? I'm like the old hit and miss engine (remember them?) it misses more times that it hits but for some reason it just keeps on running. I assume so do most of us. Good hunting.
AKK Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
