NTA of $1.38 excludes non-controlling interests of $28.1 mil so an NTA closer to reality would be (301.3 + 28.1) = 329.4 mil divided by 218.2 mil shares at 30/06/16 = $1.5096
New shares issued 1.057 mil (DRP) at $2.0562 = 2.173 mil
New NTA as of today would be (329.4+2.173) = 331.573 mil divided by 219.287 outstanding shares = $1.512 /share. Maybe I am wrong, correct me please, I am not an accountant.
I bought in a parcel on Friday close $1.86 for a trade (I traded it before) that is an area of congestion/horizontal support from last year/earlier this year, however the price is under EMA 50,100,200 which means weakness (I see other area of horiz support around 1.72-1.75 area)
GHC Price at posting:
$1.86 Sentiment: None Disclosure: Held