Consolidation, page-61

pretty simple mate but bear in mind forward looking investors

if you were to wind ahz up or subtract its liabilities from its assets the company is worth 40m roughly

take a paperlinx for example

thats going down and the equity was inverse to the market cap, same with ERA

there are many factors though, such as the "buy the story factor"ahz had in 2013

you pay a premium now

ahz and acg the same, both going places, ie up and era and ppx going down

and when you really think about the assets you really see what lack of real physical assets bio's have compared to say a company that owns multiple buildings

imo