Reports, page-20

Pete you know I'm a big fan but that is a bit harsh. The NTA said $1.15- take the dividend from that. The rest is speculation on the true value of the broking arm

Now I personally am comfortable with that. I am also extremely happy to have seen the trading part of the portfolio verified and validated by the auditors, and this gives me confidence of their skills overall.

I don't see how he can release an upward revised NTA this quickly, unless something has happened post Dec 31 to JB. That is possible because the release did say that the company has taken a follow on investor, and industry practice is to revalue an asset on the most recent capital round. I could do the math but I've lost my notes here somewhere as to how many cents difference that amount is. We'll know soon, and its clear also they plan to carve this out before having to report again at June 30 using lower NTA data. Personally, I am comfortable to hold. If it sells much lower I would be happy to top up