39c was as at June 2014.
According to the 2015 annual report they have Net Assets of $136.6mio, deduct Intangibles of $39.2mio and Derferred Tax Credits of $30.8 and you are left with NTA of $66.6mio.
232mio shares on issue works out to a NTA of 28.7 ps.
Ann: HIL Annual Report to shareholders FY15, page-7
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