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Ann: Market Update - Preliminary Final Report, page-193

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Caher89

9 Posts.

19/10/17

14:41

Post #: 28034028
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Originally posted by htt ↑

I spoke with them just now (guy named Peter). Summary of what I was told:
* BDO valuation and IER of JBFG valuation still an ongoing process. They are very close.
* They want to ensure the NTA aligns with an EOFY KPMG audit which is also occurring in parallel, hence waiting for all data pionts before making an NTA announcment
* They hoped to make an NTA announcement 1st week of Oct, but this is looking more likely to be 2 wks late (that is, in 4 wks time from now)
* Comment was made that they could've made an announcement a month ago around NTA, but wanted all ducks lined up before doing so (BDO, IER, KPMG)
* YES - they've been trading in the background .. look to BHD performance as a guide
* An announcement should be announced today/monday around state of play
* Admission that they may have been over-zealous in some previous announcements, but never intentionally misled the market.

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This was four weeks ago come tomorrow so hopefully something more substantial is released tomorrow....not getting my hopes up though!

HML Price at posting: $1.99 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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