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.
I think the NTA was about 20m at the last FY report. AFGHA at...
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Last
$1.68 |
Change
0.035(2.13%) |
Mkt cap ! $454.8M | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.71 | $1.65 | $1.422M | 845.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3350 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 2214 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| AFG (ASX) Chart |