BIN 0.31% $3.23 bingo industries limited

Valuation, page-173

  1. 478 Posts.
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    Genius, I guess there are some stocks around which are undervalued.

    Seems to the that you've done very well at BIN. TV fundies are very quick to diss a stock without knowing the underlying potential and there's always noise around. Did you know that even now some are not talking about statutory profits? Let me elaborate this plain and simple. BIN will be disposing their Eastern Sydney asset and it could fetch some serious dollars. Because my standard deviation on estimate of sale price of that facility is too far spread, I'd not be putting a number on it today. Furthermore, I do not know what the book value for that faculty is on their balance sheet. BIN after selling it for a decent profit - will be reported on statutory results, so the NPAT is going to be higher this FY anyways, if they get a good deal and dispose it within a few months. Another upside one-off profit potential there. 

    Previously, in your post,  you had indicated me to look at JIN. I have some conclusion on this stock now. It looks undervalued to me (looked at it two ways) and you're holding on a wonderful digital asset. I'd also argue with some and put this in a category of "recession risk-free" stock. More on that later.
 
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Currently unlisted public company.

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