Originally Posted by
Sideshow Bob
NZX just updated their website.
3.368B shares on issue, $0.349 NTA per share - perhaps not adjusted for the cash they just got in.....
$811m net assets as at 31/12 + $1.2b just raised. I reckon net assets of approx $0.597 per share.
They lost $376m in the first half of the financial year. I haven't done an indepth search of latest announcements, but they did say full year loss wouldn't exceed $800m. So we'll "be kind" and say $250m loss (no doubt plenty of govt ministers on planes in the next year or so). Another 7.4c per share, taking it down to around 52 cents.
Then further losses expected in following years. Notwithstanding the macro environment with fuel, war, inflation, China lockdown etc etc.
Doesn't exactly look like a bargain at $0.70......;)