Eunetworks

Eunetworks now at 0.025cts, worth buying on now? Thanks

euNetworks An overly undervalued stock that investors have not realised its potential yet ?? This is a company with Euro 2 Billion in Assets and it is trading for a mere 2 cents in SGX !! Where is the rationale ? Any comments ?

Good questions. It\'s weird unless you consider:- 1) Loss-making since 2005 2) Weak Balance Sheet 3) Mostly negative operating cash inflows 4) Frequent Rights issues 5) Super huge issued share capital, so that even if it makes a profit, EPS is insignificant Does it still seem weird?

This might be worth a stab as the balance sheet has been strengthened (net cash), no rights issue for the last 2 years already, and the share capital has undergone a tremendous shrinkage ie, 50 shares consolidated into 1. To boot, there was a share buyback a few days ago at 60 cents. Stock now at 67 cents.

One of the most under-understood stocks, takeover offer at $1.16. Will accept. Bye eunetworks.

Why sell at $1.16 when you can sell at $1.17 in the market.