I know its not much of a comparison but rio tinto net tangible asset backing at dec 2007 = $1.34...if u go thru most of the asx listed companies u will see that other companies n.t.a is very low compared to the current share price...incitic pivot n.t.a. = $6.77 can u imagine buying shares in ipl at current levels...lol>($187.50)
Here's some other examples of n.t.a. (no real preference)
wes(wesfarmers) = $2.07
wow(woolworths) = 0.23 cents as of june 07
cou=(count financial)= 0.13 cents as of june 07
trs =(the reject shop)$1.15 as of june 07
all =(aristocrat leisure)as of dec 07 0.41 cents
jst = (just group)as of july 07 -0.13 cents
The list goes on.... dyor....
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