Pardon me guys,
Where are you getting these numbers from? I'm looking on Commsec and the 30 June 08 Accounts show a book value of $1.30/share.
Why are you deducting Net Debt from Net Assets? Net Assets means Assets minus Liabilities (including Debt).
Why is this share trading under its Book Value? Obviously the market believes the assets of this company need to be written-down.
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