ILF sells noncore assets at 20% above December 2010 valuations. What does this really mean? It certainly doesn?t increase the NTA by %20. The Australian portfolio is valued at $200m contributing to the NTA 0f 25c, if the value is in fact 20% higher that would make the portfolio value $240m. This would add $40m to the NTA being 19c or equal to the current market cap of ILF. Management should explain these numbers in their announcements
ILF Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
