|Islamic Bank Of Britain
||EPS - Basic
||Market Cap (m)
Real-Time news about Islamic Bank (London Stock Exchange): 0 recent articles
|goldennugget1: Selling the company at a 70% discount to the share price - thats hilarious! Who would trust these clowns with their money. Better off in a 'normal' bank.|
|richardbees: the share price is more or less what it was this time in 07 and more or less half of what is was this time in 06!
What's to be other than negative about?
Anyway, I don't even hold this stock.....
|orange5: Looks as though we are in for a nice surprise very soon with the share price. I've held this share now for12 months at least.|
|pre: this will go to the wall...what a disaster...look at the share price...5p soon imo....|
|vision88: i hear somewere that IBB were going to start some sort of Bond trading,
now if they were to do so, and attract, a whole lot of sharia bond trading,
surley it would have a material effect upon there fortunes,just maybe the share price might just treble
AT YOUR SERVCE|
|space cowboy: Vision - I had to check that I was on the right thread. I am truely shocked that someone with such a lack of basic basic knowledge is even on the markets. The number of shares in issue is (depending on the strategy) irrelevant in corporate finance. The share price is what people are willing to pay. The number of shares in issue (once demoniated at par) reflect the cash raised on the primary market. When you multiply share price (pre float tends to be a split of the asset base i.e. book value) by the number of shares in issue, YOU HAVE Market Cap.
Your example of market cap irrelevance is shocking.|
|jailbird: mkt cap is £58M using the 420M share issue, the more shares in issue the lower the share price will when comparing like for like mkt caps
For a company with mkt cap of £58M with 210M shares in issue, share price will be 30p ish.
i.e shares in issue multiplied by the share price... i think!|
|cbrown: Taking it a stage further, when the share price was at 80p this may well have been like valuing the comapny (excluding its net cash position) at £313M because 73p of the share price was the company's non-net cash position valuation.
In other words the share price has effectively dropped from 73p to 7p which is obviously a far more drastic fall than from 80p to 14p.|
|cbrown: According to the balance sheet they have £5.3M in fixed assets. (non cash)
They also have £78.1M in Advances and Debtors (i.e Cash Advances and Debtors)
.........an they have £48.7M in Short Term Creditors (again this is Cash)
So overall they have lent £78.1M and only borrowed £48.7M which is a net cash position of £29.4M.
Add the £5.3M in fixed assets and you have an NAV of £34.7M, most of it effectively in cash.
So using a more accurate calculation than my 10p estimate, the net cash position IBB have equals about 7p of the current share price which means the company itself is really being valued at just £30M based on an share price of 14p.|
|mujahid2: Arpyd_offagain - 9 Apr'05 - 13:16 - 14 of
I have been told that IBB share price will not go left or right
watch this space|
Islamic Bank Of Britain share price data is direct from the London Stock Exchange