Might be some­thing here…

Finweek English Edition - - MARKETPLACE -

Good­er­son is a stock I keep on go­ing back to; on the sur­face it looks re­ally great, but an ab­so­lute lack of liq­uid­ity has al­ways both­ered me and the bid/of­fer spread is cur­rently sit­ting at over 20%. Its lat­est announcement got me por­ing over the num­bers again. It’s sell­ing as­sets that in to­tal will net some R30m, with the fi­nal pay­ment due in June 2017. Now with a mar­ket cap of only just above R62m, Good­er­son be­comes se­ri­ously in­ter­est­ing. The sale has not been with­out is­sues as it’s now on the third buyer and the price of SanRock re­sort has dropped from R11.5m to R8m. But if it can pull this deal off, I will dig deeper and see if it is pos­si­ble to build up a stake in the com­pany.

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