IMF 0.28% $3.60 imf bentham limited

Not sure if I'm missing something here but IMF is holding $196M...

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  1. 211 Posts.
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    Not sure if I'm missing something here but IMF is holding $196M in cash with no debt but has a market cap of circa $320M. So subtracting the cash leaves the rest of the business, including the investment portfolio, for around $124M. On that basis the price seems cheap.
 
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