RE: Weshop Mcap3 Mar 2026 04:59
More than 50% undervalued. Minus the debt Wecap have approximately 10m. Current market cap is 3.8m. A 31% rise on the current sp would take the discount to 50% which with the bond now extended still seems too much of a discount for the 8 month duration risk.
From the interim report too -
WeCap’s holding in WeShop
WeCap’s total investment in WeShop, both direct and indirect, represents 11.8% of WeShop’s Class A shares, comprised of:
806,022 Class A shares held directly; and
489,583 Class A shares held indirectly via WeCap’s 23.5% interest in Community Social Investments Limited (“CSIL”), whose sole asset is 2,083,333 WeShop shares.