Thanks senderos. Using a "completely scientific" of method eyeballing the long-term NTA discount from the quarterly shows DGR trades roughly 45% of NTA* in the medium-term.
Which would put the new fair price at around 6.75 cps. I think there will be downward pressure from the rights issue however, so it will be interesting where it settles (I said around 4cps above, we'll see how far off that is).
*NTA as calculated using their current accounting standards, I wonder if the forced change will modify this NTA??
Cheers
DGR Price at posting:
7.5¢ Sentiment: Sell Disclosure: Not Held
