re: swt - relisting - grant62 “With 304M shares now on...

re: swt - relisting - grant62 “With 304M shares now on issue:
1)
the net asset backing (including the intangibles) is 15.3c per share, or 76.5% of the pro-forma share price of 20c; and
2)
the net tangible asset backing (excluding the intangibles) is 2c per share, or 10% of the pro-forma share price of 20c.

That still makes for some work ahead for PEO.”


To be fair, Grant, net tangible asset backing isn’t much of a guide, surely? Your readers may be interested to learn that Iinet, for example, presently has net tangible assets of 4c per share, yet is trading at $2.88.

Telstra, which actually owns most of the infrastructure, only has NTA of $1.11 per share as compared to a share price of $5.02.

And even the mighty NAB, which must rank among the bluest of the blue, only has an NTA of $10.37 compared to a shareprice of $30.60.