Friday, 13 May 2016

ISR Capital - Is it real or the new "Mini blumont/Asiaons Capital"?

One company caught my eye today - "ISR Capital"

From 0.6 cents on 11 May 2016, ISR is now at a price of 6.0 cents as of writing, that's a 10 bagger in two days! So what's going on?

ISR Capital

Basically ISR is an investment company which invests in companies that are listed/unlisted and debt securities in such companies. Doesn't that sound like a group of companies which gained infamy on the SGX sometime back in 2013?

Its current book value stands at 0.5 cents. Therefore, it is now trading at 11 times its reported book value. The company has a negative cashflow generation in the latest FY.

Its current CEO is Ms Quah Su Yin and the company was asked by CAD to help in CAD's probe into the penny stock scandal in 2013.

My Take

With such a high book value and an investment holding company where I do not see any hidden value among its balance sheet; I honestly do not know what is going on at SGX. Unless of course, I may have overlooked the many hidden gems hidden among ISR capital's balance sheet.

What do readers think?

7 comments:

  1. Asking.was.my.secondary.school.mate..

    ReplyDelete
  2. Possible..red.flag.. negative..cf.

    ReplyDelete
  3. Penny.stocks..

    Asia sons...chg.name..
    Lion gold...link.to.tun.daim.son.

    ReplyDelete
  4. Penny.stocks..

    Asia sons...chg.name..
    Lion gold...link.to.tun.daim.son.

    ReplyDelete
  5. Possible..red.flag.. negative..cf.

    ReplyDelete
  6. Asking.was.my.secondary.school.mate..

    ReplyDelete
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