There is a theory, nay a misconception, that the equity markets are a reliable arbiter of value.
A perfect flow of information is required for this thesis to hold. That stock exchanges harbour all manner of surprises demonstrates this isn t the case.
Imperfection creates valuation anomalies beloved by Messrs Graham and Buffett and their disciples.
It also allows lay investors with a decent grasp of the analytical fundamentals to uncover hidden nuggets overlooked by smarter people with greater resources. The playing field is further levelled the lower down the pyramid you go.
Incanthera s main asset - Sol - is a cream that guards against solar keratosis, which can be the prelude to the most common type of skin cancer