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...
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Last
53.0¢ |
Change
0.010(1.92%) |
Mkt cap ! $39.11M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.5¢ | 52.0¢ | $26.85K | 50.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11528 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 44031 | 3 |
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| Last trade - 14.23pm 17/05/2024 (20 minute delay) ? |
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Last
53.0¢ |
Change
0.010 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| 53.0¢ | 53.0¢ | 53.0¢ | 2584 | ||
| Last updated 14.23pm 17/05/2024 ? | |||||
| NCC (ASX) Chart |