U exit at a loss?
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Coming up to June 30 so Jeff probably contemplating what he has to do to justify the $2.15 he's planning to value them at in Heartlands books
Factors considered are observed trading volumes, bid-ask spreads, market prices of Harmoney’s shares, revenue multiples, analyst valuations, etc etc when assessing fair value at reporting date.
Where are you getting the $1.70 from?
"The fair value measurement of HGH’s equity investment in Harmoney was AU $1.90 per share as at reporting date. This was a 6%premium to the market closing price of AU $1.80 as at 31 December 2021, which if used as the basis for measuring fair valuewould result in a $1.1 million lower fair value than that reported. The fair value of the Investment was previously measured at AU$1.90 per share at 30 June 2021."
If the share price hovers around the $1.10 mark or lower until 30 June, What sortve a loss will that generate for HGH 6 Half year?