That's not my understanding.
Assets - liabilities = equity, and the profits reserve forms part of equity so is already part of the NTA equation.
Gross assets of $83.7m minus borrowings of $22m = NTA of $61.7m. Total shares on issue of $72.9m, hence NTA per share of $0.85 that they have quoted.
Whilst this company pays a great dividend, the share price has gone nowhere since inception hence the returns quoted are purely dividend related. I like a lot of the companies they are currently invested in but for whatever reason the market doesn't. I can't quite put my finger on it which is why I am not yet invested. Perhaps the large stakes they take actually work against them -- that is, not easy to exit positions without taking a hit, or maybe it's the debt levels.
That's not my understanding. Assets - liabilities = equity, and...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NCC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $31.73M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 42.0¢ | $81.50K | 191.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2350 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 8867 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| NCC (ASX) Chart |