Market Cap: $176 million
Using a 7.5% to 10% asset capitalization rate, the initial 60% stake in Everest poker is valued roughly between $186,300,000 to $248,400,000. The additional 40% stake in EP should increase in value after the Mangas merger completes and is integrated.
At a 10% capitalization rate the other 40% is currently worth $74,520,000. Assuming a worst case scenario of 10% capitalization for this asset and that valuation, it makes EP has marketable value currently of $260,820,000. That means that total break down value is $4.74/share, plus another $60 million...or lets just say additional $1/share. Total value of EP to GIGM shareholders w/cash holdings has value of $5.74/share, which neglects other assets completely.
I used the high end of earnings for this valuation, but in many cases this valuation disregards any other intrinsic value of the company and holdings.
Assumptions: EPS $0.46/yr (average) of which 75% are EP
email i cannot believe you told people to buy this scam in December 2009, and far earlier every day.
what were you thinking?
shame on you.
and now your finally confessing to being stupid and telling people the truth.
i commend you oneway/email!
Hi everyone, i just want to apologize for severely misleading everyone in 2009, i am so ashamed, so i use this name now, oneway.
My math is always a lie, as you can see, and im very stupid, i dont know how to do math or read financials.
im so sorry everyone.
sheezy you are 100% right, you are my hero.