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10 Nov 2008
Bought Alba plc (ABA) on October 13
Alba sell electronic consumer goods. Alba’s UK Consumer Electronics Division incorporates brands, such as Alba, Bush, Goodmans and Grundig. The numbers when I bought were:
debt/equity = 0.34
price/book = 0.2
price/tangible book = 0.2
price/net current asset value = 0.31
So by all accounts it's pretty cheap. Let's see if the management either burn all the cash and justify the current valuation or they turn a profit and so do I.
debt/equity = 0.34
price/book = 0.2
price/tangible book = 0.2
price/net current asset value = 0.31
So by all accounts it's pretty cheap. Let's see if the management either burn all the cash and justify the current valuation or they turn a profit and so do I.
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