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What Is A Company With £0.4 million Worth?

By Nigel Somerville | Sunday 1 May 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I ask this in relation to sub-standard-listed BSF Enterprise (BSFA), whose last accounts – full-year to September 2021 – showed £359,868 of cash and cash equivalents, and net assets of £364,816 having reported a loss of £58,325  on no income, which would have been a loss of £110,669 but for a VAT reclaim. Perhaps, given it had no business at the time, it was worth £364,816. Or perhaps we should allow for more losses going forward and mark it at around £300,000.

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