Ann: Half Yearly Report and Accounts, page-5

To be fair though it was NTA of 107c the period before so its not exactly flying.
Ironically one of biggest things holding the NTA down though is constantly raising money (DRP) at 50% discount to NTA. This is kind of like a roll-up strategy in reverse (roll-up strategy being where a company issues shares at very high multiples and buys cheaper assets which constantly pushes up the EPS, book value / NTA).

So this company is adding value and making a profit but that profit is not compounding in the NTA number because the value is offset by the discount in the equity raise (DRP). Thats actually harder to get your head around than the reverse because you cant optically see the impact of compounding at the company level if that makes sense.