Pioneer Media Holdings Inc is a Canada-based investment company with investments in eSports and mobile gaming businesses. It already has a portfolio of ten companies and a Canadian Stock Exchange listing.
The opening price was 47.5p and it has edged up to 48p. That values the company at £18.7m. Net assets were $12.7m at the end of February 2021 and more cash has been raised since then. It is difficult to assess the movements in all the share prices and currencies, but it seems safe to say that Pioneer Media is trading at a premium, probably significant, to NAV.
There have been two trade...
