Moorebank Intermodal a nanocap play
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Moorebank Intermodal a nanocap play. JYC:ASX owns a 41,840sqm industrial shed in the Moorebank area. JYC have indicated they are not a long term holder of industrial property. Potential to realise this asset in a sale to benefit shareholders. QUB:ASX announcement today on Moorebank adds to the value of this property it would be fair to say. JYC Mkt Cap $15mil, SP 55c, NTA 82.4c circa 33% discount. Their Moorebank property is in their books for $17.3m or more than their current market cap of the company. Buying assets at a discount with a possible catalyst to close the current discount to NTA appears interesting at least.
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I focus on ASX listed microcap and nanocap stocks which is anything from $10mil to $300mil market cap and everything in between. This truly is the under-researched part of the ASX. My hope is to bring you interesting microcap stocks and news.
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I focus on ASX listed microcap and nanocap stocks which is anything from $10mil to $300mil market cap and everything in between. This truly is the under-researched part of the ASX. My hope is to bring you interesting microcap stocks and news.
I focus on ASX listed microcap and nanocap stocks which is anything from $10mil to $300mil market cap and everything in between. This truly is the under-researched part of the ASX. My hope is to bring you interesting microcap stocks and news.
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