NAV & share capital values20 Apr 2022 10:57
Not the most of active chat boards :D
Am I missing something on the values, in that the capital account has £39M less about £10m = £29M in share capital.
We then have £39M / 42,450,000 shares = £0.68 per a share.
Then we have about £3.3M debt left to pay off, with the Lease with Emirates expiring on 16 December 2022 for the A380. and some other figures = about £12 liabilities, with £8M deferred income.
The unknown, is if the plane is subject to a Half life return and $12M payment like the other DNA fund ?
Even if the plane has zero value, the share capital account looks like it covers the share price ?