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Ezra owned EOC - the cheapest stock
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Lynch123
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31-Oct-2013 19:11
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The Norwegian listed company EOC trades at ttm. P/E of around 2-4x, EV/EBIT 4-5x and P/B 0,6. This is extremely cheap taken into consideration that the ROE will be in excess of 13%. Ezra Holdings is the largest shareholder, and I wouldnâ??t be surprised if we could see a takeover bid here. (Especially now that Ezra hired an M& A expert). The company generates close to zero interest from Norwegian investors, due to the fact that the company lacks broker coverage. Keep in mind that this stock went public on 22 NOK pr. Share. Todays shareprice is 5,5 NOK Ã And the company will earn more money than they did when they went public. Triggers: First gas from Perisai Kamelia (1-2 weeks) Contract for Enterprise 3 ( 4-15 weeks) Takeover bid from Ezra |
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