Cash Shell - Valued at Less Than Net Assets...

So many Cash Shells have risen lately based on hope of a RTO, with the actual company pre-RTO having virtually no assets.

However, with MARK KINGSLEY (MKP), they are currently valued at 20.25p.

Assets (per last accounts) are (equivalent of) around 26p per share.

On top of that you have the "value" of been listed on the Market, which, if you value that alone (conservatively) at £500,000, would make the "value" of MKP at around 31p per share.

Add on to that a value of having a trading business (should a RTO take place), and you see that perhaps the current share-price of 20.25p is undervalued.

As always, DYOR - let me know if my valuations tie in to how you read the situation, and whether you also believe that there is up-side in the share price....