Just bought a 5% portfolio weight in Dragon Ukranian Property and Development.
The Market Cap is $23.7m. It holds $16m in cash / recievables making this a pretty solid bet. It holds $54.8m other assets which it is trying to liquidate.
The only problem is that its based in the Ukraine….
Continue reading “DUPD – IT trading at near cash value, discount of 75%” →
This will delist tomorrow. They were involved in a reverse takeover but havent issued a prospectus in 6 months. As a result their holding has been suspended for 6 months so will be delisted.
RHM’s main asset PUCF want to go from being a media broker to being a media broker and renewable energy supplier – to counterbalance volatility in media brokerage.
It’s not all bad – current RHM market cap is £3.7m – as of latest RNS RHM owns 40% of PUCF, worth £6m and RHM has cash of £2.9m.
Continue reading “RHM – Delisted, Vote No on all resolutions” →
Got paid my 60.1p for my wind shares the other day – 18% profit.
Original post here.
Due to low risk of loss on these should probably have put more in / done something with guaranteed stops via my spreadbet broker. Still a 20% portfolio weighting is pretty aggressive.
If only there were more ideas like this out there. Suggestions from readers would be appreciated!