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.
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$1.95 |
Change
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Mkt cap ! $758.4M |
Open | High | Low | Value | Volume |
$1.95 | $1.96 | $1.94 | $959.4K | 493.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1910 | $1.95 |
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Price($) | Vol. | No. |
---|---|---|
$1.95 | 1880 | 1 |
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No. | Vol. | Price($) |
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1 | 1910 | 1.945 |
7 | 38474 | 1.940 |
9 | 59676 | 1.935 |
22 | 68831 | 1.930 |
4 | 20410 | 1.925 |
Price($) | Vol. | No. |
---|---|---|
1.950 | 1880 | 1 |
1.955 | 6725 | 3 |
1.960 | 43298 | 3 |
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