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.
- Forums
- ASX - By Stock
- Ann: NTA & Portfolio Update - April 2023
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)
Featured News
Add NCC (ASX) to my watchlist
|
|||||
Last
45.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.57M |
Open | High | Low | Value | Volume |
45.5¢ | 45.5¢ | 45.5¢ | $7.568K | 16.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6800 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 2818 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6800 | 0.450 |
1 | 6000 | 0.440 |
1 | 8500 | 0.425 |
2 | 120000 | 0.420 |
4 | 71474 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 2818 | 1 |
0.480 | 15129 | 1 |
0.495 | 9000 | 1 |
0.500 | 10000 | 1 |
0.515 | 990 | 1 |
Last trade - 14.05pm 05/07/2024 (20 minute delay) ? |
Featured News
NCC (ASX) Chart |