28-05-2015, 07:48 PM
(28-05-2015, 07:42 PM)getrich Wrote:(28-05-2015, 07:37 PM)r0n Wrote:(28-05-2015, 07:05 PM)getrich Wrote: RNAV: S$164.9 million
MARKET CAP: S$291.2 million
NO MARGIN OF SAFETY
PASS
How do you get a RNAV of S$164.9mil? Their NAV is at S$252mil and I am not knowledgeable about your basis of revaluation to result in a 35% reduction by revaluation from NAV.
How/Where do you get a NAV of S$252mil?
Their FY 2015 SGX Announcement:HERE
Per the Statement of Financial Position on Page 6, as at 31 March 2015, Net asset is at $252,645k which is ~$252mil.