EST - below cash backing - moving up

  1. 623 Posts.
    Used to be an online broker. Cash assets at about 10-11 cents a share and no debts etc. Last few days volumehas picked up and price increased from 4 to 5.9 cents. Still well below cash value. Likely to be an announcment at the AGM about a new business venture accordign to the company. Also price action tends to suggest soemthing good is coming. They have been looking for somehingnon spec with solid cashflow. already annnounced that present CEO will resign after AGM - presumably they will ge a new CEO who knows about the new business.

    Still trading at around 65-70% below net cash value. No debts etc.

    I hold

    Cheers
    hots
 
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