Is the 1172% increase in Shasta / “Shasta” worth buying?

According to Tejarat News, yesterday in the middle of the market, we suddenly saw an increase in demand for the Shasta symbol, so that this large stock exchange symbol was accompanied by a buying queue. At the same time, the reason for this increase in demand was the confirmation of the company’s 1172% capital increase proposal, a speculation that came true yesterday evening and information about this news was published in Kedal.

What happened today is that this big symbol is facing a heavy shopping queue. Currently, Shasta is traded at a daily price ceiling of 1137 Tomans and its trading volume has exceeded 12 million shares. Transactions that have more than two thousand units have a positive impact on the overall index.

But does all this sit-in make sense when experts say more than 100 stock exchanges are currently trading well below their true value?

What is the real value of Shasta?

Shasta operates in various fields and many of its subsidiaries operate in the fields of oil, gas and petrochemicals, drug production, mining, power plants, cement, etc., many of which are also listed on the stock exchange. The five main listed companies are Shasta, Saba, Tasiko, Tipico, Sita and Tasiko. If we want to calculate the real value of Shasta according to the price of these holdings in the stock market, Shasta NAV is calculated to be around 1410 Tomans. Therefore, the price to value ratio of Shasta is about 81%.

However, if we want to calculate the net value of Shasta assets according to the NAV of the subsidiaries, this figure reaches 2220 Tomans. Thus, according to the transaction price of 1137 Tomans today, the price to NAV ratio will be more than 51%. This shows that the value of Shasta is more than this amount.

With these calculations, it can be acknowledged that in any case, Shasta is currently trading below its value and we can hope for its price growth in the future. Of course, many large market shares also have a situation, and their growth may depend on re-confidence in the stock market and the normal course of trading.

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