Told ya..hookers, beer and NTL.
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superfluous to requirement
Some 101 stuff cupsy
AR says Profit before Tax was $28.4m which included $66.1m of realised gains from ORA sales
Does this mean that day to day operations ran at $37.7m loss?
If so the the current discount to NTA the shares are trading at could be because the market (efficient) expects these to continue and to be the equivalent to NPV of future losses.
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Oceania deduct the float when they calculate the Embedded Value
Embedded Value is about 71 cents prt share