My best guess - seee how wrong I am in a few months/days
Quote:
Originally Posted by
Master98
what is figure of NTA after accquition? i guess would be between $0.95-$1.0.
Edited because I got the original NTA wrong by about 4cps :blush: (Deferred tax asset is not tangible?)
I think that is too high.
NTA at 30 June 2013 was about $0.85 (originally said $0.89!)
Add in $16.5M profit 4.2cps and subtract the 2.5cps dividend and call it $0.87 at 31 Dec 2013
So roll forward another three months to 31 Mar 2014 and say 2.1cps profit and subtract 2c dividend paid (cash and new shares) so still $0.87 ish.
Acquistion is a swap of cash for other assets possibly including some goodwill?
So call it around $0.87.
Roll forward again to 30 Jun 2014 and add another 2.1c profit and NTA will be $0.88 to $0.90
Best Wishes
Paper Tiger