BOOK VALUE THEORY OF EXPECTATIONS

١١ ديسمبر ٢٠١٤

The theory that I design refers to the actual value of the shares. Book value per share is approximately 1.71, if the indicators are correct. This means that the shares are currently overvalued. There are many examples of such shares and I always wondered why anyone would want to own such shares. The whole theory is based on the difference between book value and market value - that difference represents investors' expectations for the future development of the company.