worth double current sp - check my figures

http://www.challenger.com.au/listed/cwt/PortfolioSummaryTable.asp

This has assets of $262 million (see website). Current share price has a market cap at $40 million. Debt is in the high 50% range so Net Value is approximately $120million. Adjust for 9% write down in last release and I come out at a company roughly/conservatively worth 45cents a share. I think this company is worth at least double it's current stock price.

Technically it's broken out of a downtreand with a close above 20cents as well. Only limitation is parcel size. It's thinly traded.

welcome other views and criticism