That is so though not quite there yet for regional language newspapers as I understand it. Which is why I mentioned that I underestimated how much the terminal value issue would affect it. On paper (ah, a nice pun there!), Jagran is still undervalued assuming no outsize litigation impact due to the promoter group squabble. However, I have changed my mind about the importance/weight given to terminal value and growth by investors. I would like to be proven wrong given my investment :), but I don’t expect it will happen.
Given they have over 10 million online downloads and over 50 million users of their website , I would think the terminal value should not be an issue . The digital revenue seems to be growing as well.
Decent cash on the books . I don’t see this business be valued below its book value .
Should be much higher based on a lot of metrics .
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Let’s see. DB Corp has been quite cagey about reporting digital revenues. I suspect the reported profitability of JNM on the digital side, but even if they are profitable, remains to be seen how much more they can scale and monetize going forward. I have my doubts.
Cash on books is good, agree, and yes, I wish it would be valued higher. But the market doesn’t seem to see it that way.
Jagran continues its dismal performance. Have known for sometime that this company is not worth staying invested in. Just unable to bite the bullet and let it go.
Would love to hear from folks holding this stock.
Thanks