Ann: Intention to Make Takeover Bid, page-5

This is interesting.

And you wonder why its NTA is not reported in its Appendix 4E but hidden on note 27 of the annual report. I have always thought it is a listing rule requirement to be disclosed at the front.

And the NTA was on the back of a reversal of impairment losses as disclosed on note 8 of the annual report (pg 49) due to previous poor performance in 2017 has improved in 2018. And assets being discounted at a high rate of 15.8% which appears conservative (stand corrected). So has business improved or worsen?