Originally Posted by
Antipodean
NTA at $1.20 / share was last updated 21/05/2021. Have a look at any HPI update since then and decide for yourself if this is likely to remain the same at the HY announcement 29/11/2021, given the assets this business holds.
If we use that NTA though, the business is valued at ~$0.12 / share at a $1.32 share price. Not sure about you but my analysis is that this means it is undervalued. I would not take my word for it, but Mr. Tomlinson certainly must have had similar thoughts less than a month ago.
6 months seems like a long time between updates, so maybe the impatient market isn't valuing this highly. Isn't there a saying about impatient and patient market participants?