I think the NTA was about 20m at the last FY report. AFGHA at 10c in the dollar would suggest that the NTA is expected to be around -250m now (assuming that the AFGHA price is based at what would be returned in a "perfect" liquidation). So the price of AFGHA suggests NTA of around -250m and attributes no value to the goodwill.
The market cap of AFG suggests that the goodwill and management rights are worth about 300m as the market cap should be:
Market Cap = NTA +/- Premium for goodwill.
As the market cap would appear to be about 50m and the NTA about -250m (as explained above) the premium for goodwill would therefore be worth about 300m.
likelihood of getting next coupon payment, page-19
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Last
$1.60 |
Change
0.010(0.63%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.61 | $1.59 | $351.0K | 219.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2516 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 713 | 1 |
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| AFG (ASX) Chart |