United Communications Partners Inc (UCPA)

[naturalborninvestor]

As long as they don't generate a positive EBITDA from operations (not from sale of assets), valuation metrics won't change I'm afraid. For too long, the market has neglected this stock already.

We don't really know what drives the overall company into the red, unfortunately. We do know however, that:

Howcom is operating profitable (see proportionate net income distributions to UCP)
Insight is operating profitable (same as above)
Nyhter365 is/was operating profitable (disclosed)
Nativeclicks is too small to make an major impact on overall financials

So, the loss-making centre must either be Tre Kronor or the public holding umbrella of UCP (related party transactions, accounting fees etc.). The low, and recently declining, gross margins also play a significant part. Here, it will be critical to see if margins improve again in the next quarterly filings after the successful implementation of new service expansion.