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225Research strives to find strong investment opportunities and aims to provide in-depth and insightful analysis of these opportunities for our readers.

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The information found on “The Stock Boys” is for informational purposes only. It should not be taken or used as financial advice. The Stock Boys makes no guarantee or promises as to any results that may be obtained from using our content. No one should make any investment decision based solely on the information found on this site and without the help of a financial adviser or conduction of their own research and due diligence. The Stock Boys disclaim any liability for any results incurred by the use of our information, content or articles. Your use of the information of materials linked from the site is at your own risk.

February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  

Disclaimer

The information found on “The Stock Boys” is for informational purposes only. It should not be taken or used as financial advice. The Stock Boys makes no guarantee or promises as to any results that may be obtained from using our content. No one should make any investment decision based solely on the information found on this site and without the help of a financial adviser or conduction of their own research and due diligence. The Stock Boys disclaim any liability for any results incurred by the use of our information, content or articles. Your use of the information of materials linked from the site is at your own risk.

Equity Report Updates

GDC Flash Note – Buyback Announcement

Genesis Land Development announced on October 8, 2019 that they would be buying back up to 2,109,016 shares at a maximum price of $4.00 (+45.5%). They are committing an overall maximum $7 million of capital to the buyback program – which implies a maximum share price (assuming all $7 million is used) of $3.32 (+20.6%). This reduces the total share count to 40.07 million. The shares have increased 22.8% since our thesis was released on the back of this good news.

Here is our updated valuation based on the new share count (assuming all 2,109,016 are bought back):

The reduced upside is a result of the share price increasing substantially, however, we still hold the view that Genesis is severely undervalued and we are on board with management’s decision to return capital to shareholders in the form of a buyback at this point.

View our full analysis on GDC here