RE: Incredible Value4 Mar 2024 09:52
It's bonkers cheap, read the research by PIEDPIPER on advfn, hope he does not mind me copying this here
Piperpeter3 Mar '24 - 21:38 - 75 of 85
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Currently MEN's market cap is GBP 2.35 million (19p x 12,378,197 shares in issue).
Currently ATOM's market cap is GBP 20.42 million (46.5p x 43,923,186 shares in issue).
Which means MEN's 18.8% shareholding in ATOM is valued at GBP 3.84 million.
So MEN's shareholding in ATOM is valued at 63% more than MEN's own market cap.
Which means everything else in MEN's portfolio is valued at minus GBP 1.49 million!
Think about it; that minus GBP 1.49 million consists of....
Aton 6 Plc - currently valued at minus zero.
Dual Fuel Limited - currently valued at minus zero.
Hyso Limited - currently valued at minus zero.
G mobility Limited - currently valued at minus zero.
Molecular Aviation Limited - currently valued at minus zero.
Pirity concession - currently valued at minus zero.
Cash - currently valued at minus zero.
Monies owed to MEN and incoming from former Argentine asset (up to US$40 million) - currently valued at minus zero.
Pp.