Naibu (AIM:NBU) - trading at net cash, still surely worth a look!?
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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