Remedent, Inc. (REMI)

[FrankLind]

REMI valuation

Market finally waking up to what is going on with this company.
The move two days ago from 20 to 25c was mostly me.
The 28% move today to 32c wasn't. Volume today was 42,000 - Google here we come
Saying that, it could swing wildly in the short term.

Been thinking about valuation now that there is no debt problem.

Core business 2.5c to 5c total for next 4 quarters
PE on this from 13 to 20
So core business value is 32.5c to 1 dollar
+
China asset (to be given as special distribution when they IPO) worth on current valuation 41c per share. Will probably go higher.

This is a 73c stock minimum now (128% gain)
Upper end of range is 1.41 (352% gain)
Current price 32c

Of course this requires an appropriate discounting. So apply your own margin of safety.