Hardly a fanciful value when the key unlisted investment is 3-6 months out from an ASX float and is targeting a 14.9x FY17 NPAT valuation.
There is still a 10% additional discount put on this before the liquidity event occurs.
I agree that some discount is warranted but the current discount from the NTA of $1.88 is far too cheap.
Ann: Net Tangible Asset Backing, page-19
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)