Originally Posted by
Beagle
Bid 28, no stock on offer, again. Lack of liquidity is kind of annoying as I watch the volume that BlIS trade in every day, that have a lower EBITDA.
Here's a real conversation starter that I have been keeping to myself for a couple of weeks. I compared the EBITDA multiple of BLIS with PAZ, noting PAZ is growing both their top line sales and EDITDA faster that BLIS and if PAZ were trading on the same EBITDA multiple as Blis, (this comparison was done when Blis were 8 cents) fair value for PAZ if listed on the main board would be...wait for it and this is definitely not a typo, $1.35 !!
Now Blis is 9.4 cents fair value for PAZ is $1.59 on a comparative basis. Right after I did this comparative I hoovered up the 50,000 at 30 cents that went through a while back. Anyone like to put some more up at 30 cents for sale and see what happens ?
Its time for PAZ to list on the NZX. Shareholders deserve the vastly better liquidity and to see their shares valued more appropriately. I hope the Directors act on this sooner rather than later.