"On top of this, the NTA > $0.60"
What a good way to lose money , by assuming a company with a share market value less than the NTA is value , that metric is a value trap for naive investors .
A discounted market valuation for a company is an indication that investors assume forward earnings will be below expected return and if that eventuates a high potential for statutory right downs in value of assets .
Credibility would be achieved if the Board did a review of management performance then announced what changes would be made .
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Ann: Harvest Update and Revised Earnings Guidance, page-54
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