400 Queen St - sold for $15.75m versus book value of $18m 410 Queen St - sold for $23.8m versus book value of $31m 20 Wharf St - sold for $5.5m versus book value of $6.4m
All three assets sold at an overall 18% discount to book value.
Dissapointing yes, but with a NTA of 38 cents i will happily cop this
and yes, NTA is hardly an accurate determinant of value in this market
but looking at the NTA and then looking at how discounted the actual asset realisations are is a pretty good start
TCQ Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held