I am coming up with a conservative estimate of 1.65 per share. Net Cash ~$40m (0.70c per share) Land & Buildings $47.7m (0.85c per share) note I haven't reduced the value for the buildings burnt as the Val was completed in 2017 Saleable Timber $5.94m (0.11c per share)
Asset backing $1.65/share
All of the above are from the recent release and the previous financial reports. Note the above doesn't include any value for the refurbished pontoon that is being held in Vietnam. It also puts no value on the wharf proposal to date.
I think the wharf gets approved by the state government now more than ever. The funded company with a proven track record trying to employ South Australians...
My only reason for not buying more is I just don't know who the gap from price to value closes in the current market unless the major holders step in and buy it up. Anyone have any views
KPT Price at posting:
89.5¢ Sentiment: Hold Disclosure: Held
