Looking at a number of retail investment property holding groups, namely URW, SCG and VCX given their steep discounts currently, i.e. if we liquidated the companies today, you would come out ahead after the latest written down values of land use/property valuation.
Has anyone found a solid analysis of the accounting for URW, particularly around property valuation post covid write downs, net of debt. Trying to see how much it is really discounted by but accounting is not my strength so having a hard time reading through all the financial documents.
I can see SCG and VCX are trading around 60% of fair value so there's quite a bit of margin of safety there but URW seems a bit more complex to read into, initila view is ~$30billion net assets/equity vs $8billion market cap but feel like I'm missing something here, is it really that cheap trading at ~27% of its fair value?
Valuation margin of safety
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Last
$6.43 |
Change
0.080(1.26%) |
Mkt cap ! $806.5M | |||
| Open | High | Low | Value | Volume |
| $6.38 | $6.44 | $6.36 | $723.1K | 112.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 91 | $6.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.45 | 33527 | 4 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.43 |
Change
0.080 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| $6.38 | $6.44 | $6.36 | 27506 | ||
| Last updated 15.57pm 03/05/2024 ? | |||||
| URW (ASX) Chart |