Hey folks, bought my first shares today on a fundamental liquidity/book value basis.
(Dec 2016) Market is valuing this share roughly a fifth of its cash on hand, and by my conservative calcs less than a quarter of its net assets - liabilities and this is on top of a firm, profit generating business. Declaring dividends would be interesting.
Hope to share some constructive chats with you as this unfolds. All the best.
XPD Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held