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 sells noncore assets at 20% above December 2010 valuations....
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