net asset backing..., page-7

Net assets as of December were $1.9b out of total assets worth approx $5.6b.

A 30% decline in asset values wipes about $1.7b off that leaving approx $0.2b net assets. Banks may be knocking on a few doors at those levels.

BBP spent $220m in Tasmania and only realised $100m. A 30% decline in asset values is probably not unreasonable to suggest in the current market.

Definite 'avoid' for this one.

Are there more recent estimate of net assets (before yesterday's writedowns etc)?