Q: Hello,
OCI appears very undervalued based on all the companies it has invested in.
Its market cap in only $25 miilion , but if you add up what is owns in the 7+ companies its much higher. thanks
George
OCI appears very undervalued based on all the companies it has invested in.
Its market cap in only $25 miilion , but if you add up what is owns in the 7+ companies its much higher. thanks
George
5i Research Answer:
It is not unusual for companies like this to trade at a discount to their net asset value and we would be reluctant to invest on the thesis that this gap will close. The size and lower liquidity warrant some level of discount and we would view it as a bit too small for our tastes overall.