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17/12/21
21:22
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Originally posted by Tremocos:
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Thank you for the response. The number seems low considering the land holdings (900M as per valuation report a few months back) and all the money that they have received from the US shales...
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I've dug a little deeper and Commsec financials lists it as $3.74 as at 06/2021. Conversely https://www.investopedia.com/terms/n/nettangibleassets.asp shows NTA = Total assets – Intangible assets – Total liabilities . The 2021 annual report lists $6,891m (assets) - $72.4m (intangibles) - $2,394m (liabilities) at p87 / 1,146,734,664 shares issued (p131), this equates to a NTA of $3.86.https://www.investopedia.com/terms/n/nettangibleassets.asp Not an accountant so please DYOR but hopefully that is a bit closer