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Re: [sharechat] NTA Backing


From: "andrew cottingham" <arco@adinfinitum.co.nz>
Date: Mon, 23 Sep 2002 22:10:14 +1200


Holden

net tangible asset backing

Refers to the net physical assets owned by shareholders of a company at
balance date. It expresses the asset value per share, i.e. shareholders'
funds less intangibles, less preference capital, divided by the number of
ordinary shares. As defined in the Listing Rules for the purpose of rule
4.12 in relation to a class of securities:


NTA = (A - I - L) / N

A = Total Assets.
I = Intangible Assets.
L = Total Liabilities ranking ahead of, or equally with, claims of that
class of securities
N = Total Number of securities on issue in that class. In calculating this,
partly paid securities which are in that class when paid up are taken into
account by assuming that the unpaid amount is paid.

Hope that is what you are looking for

Andrew





----- Original Message -----
From: Holden Glova <dsafari@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, September 23, 2002 8:39 PM
Subject: [sharechat] NTA Backing


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Hash: SHA1

Hi all,

I did a search on google for the term "NTA Backing" and came up with no
definitions of what it is. Could someone please enlighten me what this is
and
if it is worth looking at when doing some fundamentals?

Thank you in advance.
- --
Signed,
Holden Glova
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