AHF 0.00% 1.9¢ australian dairy nutritionals limited

Am I reading this right, market cap of $21 million with net...

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  1. 5,020 Posts.
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    Am I reading this right, market cap of $21 million with net assets of the Group at 30 June 2015 total $25,086,678   (another $750k of options on issue as well) ?

    2014 Net tangible asset backing per ordinary security   0.8c (when the trust listed in October SP was ~23c )

    2015 Net tangible asset backing per ordinary security  16.1c (SP is now 13.5c)

    Its one thing to drop in price, clearly there was a premium being paid before, but now the SP is lower than the NTA I wonder how much further this will fall.
 
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