Timber1956I dont actually understand how they got it.I mean net...

Timber1956

I dont actually understand how they got it.
I mean net assets( inculding intangibles) $5.9m we have 786,000 shares on issue so thats only $7.50. Dont know if the deferred tax liability is tangible , would have thought it was.

You mention the NTA what about the earnings per share just a lazy 3,383 cents per share !

I think the important figure was the $15.8 million in managment EBITDA , I think its from here the valuation of the power station comes from. annualised you get EBITDA of about $32million , what multiple you put on that Im not sure.

Who knows they may get a decent debt extension and concentrate on trying to get the debt down to an acceptable level