|
Net
Asset Value Per Share
The
net asset value per share is based on information disclosed
in the last published annual report. The figure is calculated
without deducting intangibles so it is comparable to
the PBV not the PTBV.
Net
Cash Per Share
Net
cash per share is also based on information disclosed
in the last published annual report. It is only shown
when the figure is positive so cash plus near-cash
assets must exceed borrowings due within one year.
It is important to bear in mind that a strong net cash
per share position does not necessarily mean that a
company is in great shape financially. For example,
relatively short term borrowings, when they became due
in say 15 months, might be sufficient to extinguish
the cash position when they are repaid.
|
REFS is
a mine of invaluable information for the private investor.
Net Asset Value Per Share
