The way the Company has chosen to frame it is the asset valuation only, not considering the "Net" including borrowings against etc
Figures work out to be almost the same when looking at actual NTA of the entire business, then adding the $42m 3rd party valuation. Not much value is being placed on the transport/logistics business it seems.
Cheers Wolf
On Balance Sheet
3rd Party Valuation
1
Freehold Land
$42,593,411
-
2
Freehold Buildings
$49,663,209
-
3
Add 3rd Party Valuation
-
$42,000,000
4
Total Property
$92,256,620
$134,256,620
5
6
Shares on Issue 31 Dec 2023
77,670,328
77,670,328
7
NTA (should be Asset Backing only)
$1.19
$1.73
8
9
Net Tangible Assets
$93,489,500
$135,489,500
10
NTA Per Security
$1.19
$1.72
CLX Price at posting:
$1.53 Sentiment: Hold Disclosure: Not Held
