K1 Ventures

K1 Ventures: (The Edge) Undervalued offer for K1 likely to fall through says analysts. Analysts are not convinced on the offer price of $0.135, noting that k1 investments will continue to do well with significant upside to be reaped, given the undervaluation of its holdings via-a-vis the investment cost as mgt focuses on managing its investments for an eventual exit. DMG add that shareholders could receive distributions well in excess of the current stock price over the nxt few yrs. House estimate SOTP of k1 ventures to be at least 30c/share. Lighthouse advisors agrees, noting that the offer is bad for minority shareholders and the large shareholders know that the shares are undervalued so they are not selling. Fund estimates k1 should be valued between 16.5c – 27.7c.