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Re: [sharechat] share price half the nta!


From: "Brent Wheeler" <brentw@bwcl.co.nz>
Date: Sun, 17 Oct 1999 10:47:21 +1300


<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META content="text/html; charset=unicode" http-equiv=Content-Type> <META content="MSHTML 5.00.2614.3401" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT size=2>If NTA wasn't "telling lies" can't you buy either company, split them up and make 50% profit?&nbsp; Hmmm. Why are there no suitors?&nbsp; I suspect NTA as a bean counting number has little regard for liquidity and other market factors.&nbsp; And of course there is no rule which says all companies converge on NTA.&nbsp; More likely the accountants will write NTA down to the share price - so I'd be careful backing the truck up.</FONT></DIV> <DIV><FONT size=2><BR>Dr Brent Wheeler<BR>Director<BR>Brent Wheeler &amp; Co. Limited<BR>AUCKLAND</FONT></DIV></BODY></HTML>

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