This stock is a standout atm. the nta of 27c accounts for the 2 mining services businesses they have at cost, where in reality the profit from these 2 will be enormous - look at Ampcontrol alone - 2006 EBITDA of over 15M and growing rapidly. Surely this business is worth $80 - 100M. SOE has 45% at $11M cost.
Annouced NTA is way under it's true NTA.
It has virtually no downside with plenty of upside, and is a great way to maintain exposure to the market without the volatility.
While it has been a chrnonic underperformer since listing, now is not the time to lose faith - remember it is a private equity investor and most of their investments need to be looked upon with a long term view
SOE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
