Equation Summit

More
7 years 2 months ago - 7 years 2 months ago #23529 by Joes
Equation Summit was created by Joes
Hot stock, up 5X in the past 1 year. It's overvalued imho. The market cap is $186 million on stock price of 2.7 cents currently. To merit a PE of, say 10X, Equation should earn $18 million in net profit. Can it do so this year? Maybe but there is no real data to point to it.

Historical performance is 2016 lost $10.8 million, 2015 lost $6.5 million and 2014 lost $3 million.

All we have now is what looks like an overhyped story about its new security solution being adopted by Walmart.

NAV is only 0.3 cent, so it is trading at 9X book value.
Last edit: 7 years 2 months ago by Joes.

Please Log in or Create an account to join the conversation.

More
7 years 2 months ago #23535 by yeng
Replied by yeng on topic Equation Summit
(1) Goodhill Enterprise (S) Pte. Ltd. applied to adjourn the hearing for the application to wind up Equation Resources Pte Ltd for the reason that they were still awaiting quotes from prospective private liquidators to be appointed in the liquidation; and
(2) the High Court adjourned the winding up hearing to 10 February 2017 at 10:00 a.m.
The Board will announce the outcome of the application on 10 February 2017 and will also make further update announcements on this matter at the appropriate time.

BY ORDER OF THE BOARD
Chng Weng Wah
Executive Director
6 January 201


---->> What is this about?

Please Log in or Create an account to join the conversation.

Time to create page: 0.193 seconds
Powered by Kunena Forum
 

We have 652 guests and no members online

rss_2 NextInsight - Latest News