re: Ann: O'Rorke and Project Partner Matt...
NTA up to ~26c, loss making Japanese assets gone. Allegedly 750k profit from continuing operations in the previous half, but only one problem, the continuing operations included $3m of bad debt write-down reversals (if I understand correctly).
So actually we still had a big loss from truly continuing operations...
The next half may see us back in loss, but at least if we were wound up it would see ~32c SP (26c NTA plus the non-recourse loan).
TCQ Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
