This caught my eye here today...
As such I grabbed quiet a few, as the 10% deal effectievely underlines the inherent value in such a way that at any other time the stock would have risen 20% today!
In my view, AZA's current market value needs to include more than just this asset according to this "equation" and in the current market climate, we have access to a discounted lag effect that I feel will correct.
I am expecting a decent run on the XAO next week...and with the fresh equity that should enter the market, I would expect stocks like this have a bit of catching up to do.
Finding undervalued stocks such as this...when the market is losing their head (and their stocks), without reference to fundamentals...is like finding $50 notes on the ground in my view.
Buy...hold...and wait.
You can't lose.
Cheers!
AZA
anzon australia limited
