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Helesi: How to value this share
I am finding Helesi difficult to value; results were published at the end of September indicating loss of revenue and the divestment of the UK company. They have debts of £74m and a similar T/O. The company trades today at a valuation of £6m.
Does anyone here fancy a bash at doing a quick valuation?
http://www.londonstockexchange.com/exchange/prices/stocks/summary/fundamentals.html?fourWayKey=CY1010102113GBGBXAIMI
http://www.helesi.com/english/analyst_cov_gb.html
Folio
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3 comments
Last time I looked they were still waiting for these EU grants (or some such) that were going to appear and significantly reduce their debts. I thought I might revisit when they appeared (have they done so yet?) then Greece had to start living within their means and I saw something about their contracts with the Greek authorities being up for review so it seemed to me that they didn't even have a good home market to rely on. At that point I gave up completely.
Agreed with marben - I'd value it at zero.
Yes. It's worthless. Looks to be on the brink of going bust.
Got a different opinion? If so, why?