Originally Posted by
Balance
Valuation as per :
Tui $131m
PRC 60m
Kupe 45m (more funding required yet - like PRC)
Total 236m
There's 256m shares on issue so NAV = 92 cents per share.
Now you know why the institutions are not buying.
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Balance - NAV is a cr@p way to value NZO - It is a growth stock - ie revenue & profit going up by 3/4/5 x 100%.
Lets compare NZO with "growth stocks the insto's like"
FPH - NTA 40c - SP $3.16 - mkt cap 1,600m - profit 67m
FPA - NTA 112c - SP $3.49 - mkt cap 993m - profit 60m
RAK - NTA 70c - SP $4.28 - mkt cap 548m - profit 30?m
vs
NZO - NTA 92c (you say) - SP $1.10 - mkt cap 400m ish - profit 70?m
So what would you rather own & which stock has earnings & profits increasing at the fastest rate?????????? Or do you think NZO is the only stock that should be valued at NAV in the world?????