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Erza owned EOC - one of the cheapest stocks
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The
Norwegian listed company EOC trades at ttm. P/E of around 2-4x, EV/EBIT
4-5x and P/B 0,6. This is extremely cheap taken into consideration that the ROE
will be in excess of 13%.
Erza Holdings is the largest shareholder, and I wouldnâ??t
be surprised if we could see a takeover bid here. (Especially now that
Erza hired an M& A expert).
The
company generates close to zero interest from Norwegian investors, due to the fact
that the company lacks broker coverage.
