Undervalued !15 May 2023 14:26
The value of Vela's total assets increased during the quarter by £532,000 (8.3%) to £6,933,000."
- The value of AZD1656 just increased to at least £4m from £2.35m but the option cost £0.4m, so a net increase of £1.25m
- New total portfolio value assuming no other changes = £8.183m
- Company has no debt.
- Shares in issue = 16,252m
- £8,183,000 / 16,252,000,000 = 0.05p per share
...SP needs to double from here to get near true value.