Look to this company, I have never seen it before:
BMKS3 - Monark
Mkt Value: 318 mi
Cash: 320 mi
Dividends: 167 mi.
Yes, the figures seems to be right. The high earnings was due to a property sale.
What really draws my attention is that:
- the company worth less then the cash owned!
- the property sold was registered for 18 million, but yields 240 million (I wonder how many companies could have the same hidden asset)
Besides that, it has more 25 million in stocks. So we could get its operations and receive a change of more than 25 millions! The problem is that the company isn't so exciting, but worth a closer look.
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2 comments:
Considering that Monark will pay 320M in dividends now.
The market value would drop from 386,5M to 66,5M.
Then its recurrent dividend yield would rise from 2.9% to 16,85%, instantly.
Would you buy a bad business with a 16,85% dividend yield? There's a huge margin of safety here, of about 140% without any growth forever.
It will pay 167 mi in dividends.
But I'm not going any further on this analyses because there is a problem: the stock price is to high, we need to put 85k just to buy 100 shares!
Really too much for me!
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