nta backing per share

Hi Guys

NTA backing per share is .025.

S/p is .023.

So please can someone educate me once again.

How far below nta can a s/p go? Is this figure irrelevent to the market? If it is of no relevence why put it on a balance sheet.? Can it signal good value in a stock at these figures?

As there are no obvious props or support or sign of news are they content to just sit at these levels and ride out the storm until later next year maybe.

One would think Armstrong won't be much help as he would be under the pump with his Findlays interests etc.

Anyone help?

Cheers