I was interested in Net Asset Value per share and started using my calculator! (Always a bad idea I know) Anyway if you divide the Net Assets or Total Equity (which I understand should always be the same as it is essentially a different way of getting to the same thing - is that right?)
So if you divide Net Assets by the number of Shares In Issue usually you get a result close to the Net Asset Value per Share.
Look at LLOY for example Net Assets = Total Equity = £49,903M
and The Number of Shares in Issue = 71,374M
so calculating £49,903/71,374 we get 69.92p which seems simplistic enough for me
but the stated figure in our LLOY here is 64.21p which is close but not exact
Can anyone help me here? Why is it not exact?
Look at Lonmin $3,382/584 = $5.79 yet their Net Asset Value is quoted as $5.06 Tesco £7,107/8137 = 87.34 " £0.40
BTW, the comment about the miners was to mean they reflect "reality" where as the FTSE doesn't. At some point they will both connect again through fundermentals at which point a new cycle will begin. Imho.
Wids - liked your earlier posts. Having said that if we follow the miners - we'd be at the bottom of the ftse cycle now, I suppose and today we lifted off that thankfully. The Sp is showing elements of fridays results as expected. So I wouldn't expect miracles with the stock in this regard. I'm looking at 10 times the going buy volumes over in the states that points towards something brewing for starters. I'm looking at between 2.09 and 2.25 billion profit. 10.3 CET. 750 million offset PPI. A further leaning towards 2.75p annual divi which could mean 0.80p ish interim. And the final deal: CoP on Friday showing: 88.5p for the SP. I'm in tomorrow for a quick 'bag o sand' with my floating 60k.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.