|Changes in Working Capital||-2,434.20||-1,314.90||65.9||-1,083.00||-445.2|
|Total Current Liabilities||7,129.96||3,685.58||3,130.17||3,471.67||1,820.51|
|Common Shares Outstanding||2,241.24||2,025.93||1,720.29||1,717.60||1,588.78|
Above is a snapshot of the salient financial information about Olam
According to my calculations , Olam is worth between 2.67 to 3.68 a share over the long term.
I had gone long on Olam at around 2.54.
In hindsight, that was wrong as the share price has fallen from there.
Currently, the share price is 1.66 i.e. a 35% drop from there.
This offers a better margin of safety for entry.
I guess it will drift down to around 1.2-1.4 over the next month and a half.
I have put in a buy order at 1.5 and will look to add more around 1.2 in a month's time.
I am looking at a time frame of 1.5 years for this to play out with a six month review for this.
Attached is a link to Olam