Straco -- gem?

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26 Jun 2018 10:07 - 26 Jun 2018 10:29 #24395 by Big Fish
Replied by Big Fish on topic Straco -- gem?
Straco announced that its insurance claim for SG Flyer stoppage is facing resistance from insurer due to exclusion clauses (Haha...insurers!). From investor pt of view, not a big issue as it is a one-off event.

Straco had $193 million cash (net cash:$146 m) as at end 1Q2018. With SG Flyer up and running, by end-2Q, cash should go past $200 million. The market cap is $650 million, valuing the operating assets at only $500 m when they generate about $50 m profit annually.
Last edit: 26 Jun 2018 10:29 by Big Fish.

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31 Mar 2019 08:57 #24706 by BNN
Replied by BNN on topic Straco -- gem?
First time in a long time: buying up in decent volume. And closing at 80 cents.
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