Ann: Weekly NAV Estimate, page-3

The prior report included valuations made by directors... this may be those same assets being re-appraised by a qualified professional, or it could be that only part of the assets were previously revalued.

Companies such as BWP are constantly updating the fair value of at least part of their portfolio of assets - cannot see why NEW would be any different.

I do get concerned when directors (especially executive ones) adjust the values of assets as it distorts the balance sheet and profit & loss reports in a manner which may benefit their TSR hurdles, but actually be to the detriment of the shareholders.

I am very interested in this stock, but currently have reservations about buying in