Whatever the merits / likelihood of the bid, it's a frustrating reminder of
the obvious value gap between ZMNO's share price & its intrinsic value.
Regardless, ZMNO trades on a dirt - cheap 0.2 P / S ratio (ex-cash) & a rather improbable 1.6 EV / Adjusted EBITDA multiple — so if new management can't address / eliminate
the obvious value gap, sooner or later a predator will finally follow through here & do it for them...
Arguably, Newmark's intrinsic / sale value remains significantly higher than its current market valuation, but noting its current management & governance, cash consumption & net losses, it seems
obvious this value gap won't close anytime soon.
Not exact matches
Noting this sub-par RoE, and EIIB's long - standing neglected penny stock status, I suspect additional measures are needed to reduce & eliminate the current
value gap between the share price & EIIB's
obvious intrinsic
value.
But I expect most will take another look at the current
value gap, re-examine their own operating target & scenario analyses, and a majority of shareholders will quickly recognize our proposals present a more certain & immediate road - map to realizing EIIB's quite
obvious intrinsic
value.
But when there's a huge
value gap between a company's market
value & its
obvious intrinsic
value, a little promotion can be v rewarding.