@EarlyRetiree. I was very curious (shocked even) to see that NAOS have increased the carrying valuation of their 2 x Unlisted Investments by 37.5% in the reporting period from 2023 to 2024 in a market environment where listed micro cap company valuations have only marginally increased by 6% .See S&P/ASX Emerging Companies Index [XEC].
The below snip from the Annual Report offers no basis for this significant re-rate. Instead they quote the valuations are based on "unobservable inputs" !!!.
What do you make of this? Is this some kind of accounting magic ? It seems very convenient in a situation where the LTV ratio is approaching critical levels.
@EarlyRetiree. I was very curious (shocked even) to see that...
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38.5¢ |
Change
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Mkt cap ! $28.41M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $43.96K | 115.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28000 | 38.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 77939 | 2 |
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