People need to get over the fact the accounts don't represent a 100% accurate value of the assets.
Something is only worth what some else is willing to pay for it. A rich Chinese buyer may offer well in excess of what is recorded in the books & the asset in undervalued.
Someone may offer $2.50 a share for the whole company & all the assets are undervalued.
The only time an asset is 100% accurately recorded is if a sale price is agreed during or just before the accounts are prepared.
The important thing is that the accounts show a (subjective) fair value.
Bonitas's suggestion that the orchards should not have been revalued is not only ridiculous but illegal. If RFM had taken a conservative view & said we aren't going to revalue up our assets because we don't think it's right PWC would have most likely given the accounts a qualified view & the sp would have slumped.
It's also worth noting that in the past the assets have been reduced in value & it is very likely that none of the assets will be sold in the next 10 or 20 years.
- Forums
- ASX - By Stock
- RFF
- RFF Webinar
RFF Webinar, page-158
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFF (ASX) to my watchlist
|
|||||
Last
$2.02 |
Change
0.010(0.50%) |
Mkt cap ! $785.6M |
Open | High | Low | Value | Volume |
$2.02 | $2.03 | $2.02 | $249.1K | 123.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 18861 | $2.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 56380 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 14746 | 2.020 |
24 | 88467 | 2.010 |
80 | 159068 | 2.000 |
10 | 17980 | 1.995 |
18 | 97284 | 1.990 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 55578 | 45 |
2.040 | 26410 | 24 |
2.050 | 14289 | 11 |
2.060 | 19808 | 8 |
2.070 | 32609 | 5 |
Last trade - 12.48pm 10/09/2024 (20 minute delay) ? |
Featured News
RFF (ASX) Chart |