Wide Discount to NAV22 Feb 2022 15:59
618,750 Block Shares (@$97) = $60,018,750
$60,018,750 = £44,094,515
Net Cash Position = £6.5m (ST's article on IC: https://www.investorschronicle.co.uk/ideas/2022/01/06/unravelling-thinksmart-s-share-price-decline/)
£44,094,515 + £6,500,000 = £50,594,515
£50,594,515 / 106,587,814 shares = £0.47/£0.48.
And yet now only trading at £0.275 a share. Block's earnings are out on Thursday night after-hours, hopefully some positive earnings. So we can see this wide discount to NAV close down.