Turns out that the BAF NTA announcement released at the same...

Turns out that the BAF NTA announcement released at the same time had a lot more detail and clarity (https://hotcopper.com.au/threads/ann-net-tangible-asset-backing.4191364/#.Wvp8_2iFOiM). They provide:

- the changes in valuations of the various funds assessed (although only in percentage terms so not possible to extrapolate to BLA’s FEAUM)
- the 21 funds being reviewed to be included in their May NTA, and a statement that the remaining funds to be done in June other than the Water Fund which is externally marked to market
- and what I really like, a clear bridge showing how the current share price excludes any valuation for any of the remaining funds whose valuation is to be reviewed.

This is the sort of disclosure level one can hope BLA moves to. I might need to look at BAF more closely…