FLMG: A Technical View;
With price action starting to cross over key market indicators such as the 50 and 200 dma, FLMG is on alert and many investors watchlists as an undervalued risk/reward play that is starting to heat up.
This has been and always will be one of the most pronounced market indicators for all to follow when entering new positions from a risk/reward ratio standpoint.
The RSI and MACD are both also triggering bullish sentiment by pointing up along with volume which we all know ALWAYS
---» Fleet Management Solutions, Inc. Business Valuation Opinion
VRS's projections for the 5-year period 2011-2015 and applying the Discounted Cash Flow (DCF) methodology for a conservative growth scenario, the fair value of the Company accounts for euro 21,883,880 (more than US$29 million ).
ATHENS, Greece , Dec. 12, 2011 /PRNewswire/ -- Fleet Management Solutions Inc. (OTC: FLMG.PK), a provider of numerous comprehensive automobile fleet management solutions, is pleased to announce that the company received a business valuation opinion from an independent firm, Valuation & Research Specialists (VRS).
Based on VRS's projections for the 5-year period 2011-2015 and applying the Discounted Cash Flow (DCF) methodology for a conservative growth scenario, the fair value of the Company accounts for euro 21,883,880 (more than US$29 million ).
Valuation & Research Specialists have applied the DCF methodology which is the most widely accepted approach for corporate valuation and provides a greater depth of understanding of the Company's dynamics (note that the method incorporates best the Company's growth prospects over the next 5 years).
The DCF valuation, adopts the following procedure. By projecting the Company's operating profits, and then adjusting for taxes, depreciation, capital expenditures and working capital, then end up with the future free cash flows to the firm. Discounting those cash flows with the weighted average cost of capital (the interest rate that weighs both own capital and debt employed by a company), then end up with the Company's enterprise value, also known as EV that equals with equity value (or market capitalization) plus debt minus cash.
Fleet Management Solutions Inc. CEO Evangelos Alexandris stated, "The Valuation Opinion is within the range we were
expecting. We undertook this fair value to assist the FMS Board in evaluating potential transactions and be in a much better
position to make decisions in the best interest of FMS partners and shareholders."
For the full news release source click here: http://finance.yahoo.com/news/Fleet-Management-Solutions-prnews-1510189812.html?x=0