July 31 NTA Guestmate

Since my June one seemed to be on the mark ... thought I'd share my guestimate of NSC's July 31 NTA is 96c (see below).  This analysis has NSC having another positive month (2 in a row!) ... and beating the Small Ords too (that fell ~1% for the month).  Let's hope it's on the mark (or dare I wish it to be an underestimate??).

Had a quick look at August so far - good gain in COG (up 14%), other stocks mixed (up and down in range 0-4%)

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Stock	29/06/2018	31/07/2018	Change
1
2	Stocks mentioned in monthly NSC NTA reports
3	MTO	$ 3.300	$ 3.100	-6.1%
4	OTW	$ 3.310	$ 3.550	7.3%
5	JHC	$ 1.805	$ 1.855	2.8%
6	TOT	$ 1.260	$ 1.235	-2.0%
7	MNF	$ 5.250	$ 5.230	-0.4%
8	PME	$ 8.020	$ 8.400	4.7%
9	SSM	$ 1.510	$ 1.580	4.6%
10	TGP	$ 1.015	$ 0.995	-2.0%
11	AEF	$ 135.000	$ 145.600	7.9%
12	EGG	$ 1.060	$ 1.015	-4.2%
13	OCA	$ 1.030	$ 1.045	1.5%
14
15	Not mentioned in NTA report … but NAOS have considerable holdings
16	COG	$ 0.100	$ 0.105	5.0%
17	BSA	$ 0.305	$ 0.280	-8.2%
18
19	AVERAGE			0.8%
20	NTA Estimate	$ 0.950	$ 0.958
21	(pre-tax)
22
23	XSO	2,859	2,829	-1.0%