Counsel RB Capital: P/B Under 0.9 & Strong International Growth=Buy?VW Staff
Counsel RB Capital Inc.
The stock for Counsel RB Capital Inc (PINK:CRBN) stood at USD 1.43 representing a market capitalization of USD 40.27 million. Over the last year, the stock has traded between a range of USD 0.28 and USD 2.80. RB Capital Inc (PINK:CRBN) has witnessed an average volume of 2,102 shares over the last three months. The stock has been trading at a P/E ratio of 1.49, a P/S ratio of 3.46, and a P/B ratio of 0.87. The Company has 29.16 million shares outstanding, with a float of 2.40 million.
For 6MFY12, the company reported total asset liquidiation revenue of USD 6.86 million, which was almost half of the asset liquidation revenue of USD 12.46 million; representing a YoY decrease of 44.9%.
For 6MFY12, the Company reported USD.47 million as compared to operating income of USD 4.18 million for the corresponding period last year.
For 6M FY12, the Company reported a net loss of .031 million, as compared to a profit of USD 3.7 million in the corresponding period last year. The Company reported earnings per share of $0 for 6MFY12, as compared to USD 0.14 for the corresponding period last year.
The Company reported a cash balance of USD 6.63 million as at June 30, 2012. The Company had cash value per share of USD 0.24. Total debt stood at USD 3.65 million, resulting in a debt to equity ratio of 7.87.
Factors to Watch Out For:
- Expansion in Europe with new European-based offices in the UK, Germany, and Spain.
- In recent months, Counsel RB and Heritage jointly launched a successful expansion into Latin America, including Mexico, and in 2011 Counsel RB opened a business development office in Canada.