HML
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0.00% $1.99 henry morgan limited

Ann: Net Tangible Asset Backing, page-18

  1. Backdraft
    1,305 Posts.
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    09/03/17
    11:53
    Post #: 23213642
    Their quoted NTA is incorrect. The unlisted investments should be quoted at purchase price - not some fanciful value. So not at all surprised by the discount.
    Last edited by Backdraft: 09/03/17
    HML Price at posting: $1.51 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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