Also includes hidden assets worth 50% of the current market cap.
How do you get to an EV of $128m? The market cap is $75m. Net cash as year end is $70m
Re book value ignore intangible assets and that knock $15m off the NAV
Right of use assets and lease liabilities balance each other
So the NAV is $123m + US recovery if any.
The market cap was $80m when I wrote it up.
How do you get to an EV of $128m? The market cap is $75m. Net cash as year end is $70m
Re book value ignore intangible assets and that knock $15m off the NAV
Right of use assets and lease liabilities balance each other
So the NAV is $123m + US recovery if any.
The market cap was $80m when I wrote it up.