Naibu (AIM:NBU) - trading at net cash, still surely worth a look!?
We reported on Naibu Global International Co on 31st January when the share price was 87.5p posing the question whether this was"a true Chinese bargain on AIM”.
The house broker is now on the case!
The shares subsequently rose to a high of 107p but have meandered back down to 85p.
This has pushed the house broker Daniel Stewart (DS) to highlight the derisory valuation and the stock’s key attractions, namely:
- A Dec 13 PER of of 1.6x
- Dividend yield of 6.9%
- Net cash of £48m, equivalent to the current market cap.
- Naibu is the self claimed no.10 sportswear manufacturer…
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