Elysee Development Corp (ASXSF)

[inversor86]

This is an interesting and unusual stock. The price trades well under the amount of money they have invested in different ventures + the cash on hand. My understanding is that management sold off their property assets in past and sat on the cash. Eylsee then began making smart investments while the resource market was bottoming. Owning this stock is a interesting play on a company trading well below it's payout ability and a play on their ability to generate returns on their investments and pay dividends to shareholders.