NGE 0.00% $1.16 nge capital limited

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    During the month it was reported that Powerwrap is planning an IPO for May, targeting a $15m raise at $0.35 per share. Accounting for the company’s recent 5 for 1 share consolidation, this equates to a pre-consolidation price of $0.07. Accordingly and in accordance with NGE’s Investment Valuation Policy, we have revalued our Powerwrap holding to $0.07 per share as at 31 March 2019, from $0.10 per share (on a pre-consolidation basis).

 
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