nett assets ??, page-34

UOS assetts

how else do you value a company which is a a REIT and a property developer. may be there are a couple of ways - but i feel more comfortable with its assetts, which can be regularly adjusted to reflect stages of constuction and the markets.

so when i read eternal earth's report on UOS what am i to glean from this ??

"comfortably value the company at between 85c and $1.25 when the cash-balance is added in. At these prices your margin-of-safety (MOS) is between (based on Wednesday’s 50.5cps price) 40.6% and 69.6%. At the mid-point valuation ($1.05) MOS is 51.9%. So if you take the mid-point of the above valuations as correct, you are presented of the current possibility of buying "$1 for 48.1 cents"

so i write "eg says nta = $1.00". and i get a response of "i did not say nta". fair enough eg but dont play around with semantics leaving me hanging on this site. it makes me look as if i am misrepresenting your opinon of the stock's value - which i am certainly not trying to do.

GK.