MMG 0.00% $5.00 mmg limited

To reinforce the key figures...MMG has book value of $4.5 per...

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    To reinforce the key figures...

    MMG has book value of $4.5 per share (including $1.56 in cash)

    earnings of 17-25c per share

    Also, has decent amount of ASSET LEVEL non-recourse debt and completely debt free at fund level

    And despite this, the market is valuing the company at $1

    Can anyone explain what risk the market is placing on MMG to price it so low? Surely, in a firesale all company assets could be sold off for $1 (nominal figure) and add this to cash backing.... total value per share $2.56

    Comments?

    IMO they should sell ACM
 
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Currently unlisted public company.

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