Unusual for me to post 3 times in a day – but this one was too good to miss and I don’t want some guy on twitter beating me to it and claiming the credit.
Just been working the numbers on Tejoori and noticed something I thought I would share…
The recent RNS said a recent Arjan plot with a book value of $4.3m sold for $6.5m – a 48% uplift.
The remaining Arjan plots are in the books for $9.5m if one applies a similar uplift you get to $14.14m.
They hold cash of $3.5m and Bekon is listed as for sale at £3.35m.
What is interesting is the next bit – they have a receivable -valued at $3.1m in the Arjan Projects. Continue reading