I have not posted here for a long time, but I think it is time to alert readers of this board on one fact:
TRAD has $3.82 cash / share, i.e. stripping out total cash of $160m TRAD's MCAP at a share price of $8.30 is 187m!
None of the peers such as SCHW, AMTD, OXPS, IBKR trade even close to such a low share price / book value multiple.
For me, therefore, is TRAD a clear buy at this level with a sensible target price of min. $12.