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57.5¢ naos emerging opportunities company limited

Thanks for your reply. You have explained this clearly for the...

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johnpssmith

206 Posts.

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02/06/23

20:00

Post #: 68108219
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Originally posted by NoGutsNoGlory: ↑

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.

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Thanks for your reply. You have explained this clearly for the "less educated". I didn't realise they had over $20 mill in borrowings so I presume this must have an effect on the balance sheet depending on how it's been structured. This motivates me to get a bit smarter at looking at balance sheets.

NCC Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 57.5¢		Change 0.000(0.00%)		Mkt cap ! $42.43M

Open	High	Low	Value	Volume
57.5¢	57.8¢	57.5¢	$9.207K	16.01K

Buyers (Bids)

No.	Vol.	Price($)
3	6908	57.5¢

Sellers (Offers)

Price($)	Vol.	No.
58.0¢	28344	2

View Market Depth

No.	Vol.	Price($)
3	6908	0.575
3	37727	0.570
1	14951	0.565
4	20285	0.560
4	24240	0.550

Price($)	Vol.	No.
0.580	28344	2
0.590	28830	2
0.595	57	1
0.600	8000	1
0.620	44240	2

Last trade - 15.36pm 03/05/2024 (20 minute delay)

NCC (ASX) Chart