Just read dexus FY results started off looking ok until I got to NTA - now $1.01 down from $1.77 one year ago. Midway point NTA at Dec 08 was $1.33 which equals a 24% reduction in NTA in 6 months.
It would be safe to assume that Valad's NTA will be down (given) and if it is likewise down 24% from dec 08, give or take a few % - would equal NTA around 38c.
To extrapolate that further (KISS - keep it simple) with dexus trading currently at around 69% of NTA - I propose that valad could be trading next week at around 25-28c per share.
I realize there are other factors to be considered but in simple terms we are currently trading at 50% of what one could consider to be reasonable share value.
Just read dexus FY results started off looking ok until I got to...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.79 |
Change
0.000(0.00%) |
Mkt cap ! n/a | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |