Yes agreed, accounting is strange. Lots of ways of valuing...

Yes agreed, accounting is strange.

Lots of ways of valuing things, but which one is correct. ?
Clearly the one that gives the highest Asset Valuation for SXX is absolutely correct. :)

You can have...

Fire Sale (or Garage Sale) Valuation. (low)

After-Pub Visit valuation (when everything looks rosy)
or as you say, Perceived Valuation..... but again, that depends on WHO does the perceiving.

Approx 7.5 cents per share net tangible asset backing. Sell Office furniture, wall paintings, and fridge... 8.0 cps.

Share price is only 1.4c so.. I ask you, is this a BUY or not!!!