I just used the latest figures on the ANZ securities website says NTA of $4.98 and PE of 24, last week they were showing $3.09 NTA and a PE of 4, so as you say always best to go to the company accounts. Anyway it's still trading below NTA currently.
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Why so far below the published NTA, I wonder? Has anyone calculated the NTA from company accounts?
Wonder if there'll be a stripping acquisition?
Where does the NTA of $4.986 come from then?
This is what's displayed in ASB Securities and NZX.com.
The chart is starting to look really enticing,but will wait a bit.
Now I thought that you were a smart enough cookie to spot that practically very company in the world makes nearly all of their NTA in the first reporting period of the year - although how that happens is one of the great mysteries of the accounting world (you have to be a member of some secret society to be told the truth).
What apparently is also a secret, at least to most of the posters on this thread, is another accounting weirdo (I am still convinced that accounting is actually really easy but they deliberately make it difficult for some reason known only to themselves) whereby poor old IFT have to say in the accounts:
'This is our total net assets ($2,982M), except for all the of bits that are not our net assets ($1,117M)"
[see page 2 of the link I provided in my last post]
Best Wishes
Paper Tiger
The IFT Perpetual Bonds which were paying 4.26 % up until 15 November 2016, and then reduced to 3.63% are still listed under Direct Broking and I assume all other websites as still having a return of 4.26%. This is very misleading to those investors who havent read the company news, or are not aware of the yearly reset in interest rate.