12-04-2012, 04:51 PM
LHT's latest FY11 (ended 31Dec11) AR makes interesting reading.....
http://info.sgx.com/listprosp.nsf/07aed3...e000ed2de/$FILE/LHT_AR2011(SGX).pdf
The audited accounts show higher NP and NAV figures than those in the FY11 full-year results announcement. Accordingly, LHT's NAV/share as at 31Dec11 has been revised upwards to $0.1804.
Rationally speaking, a well-established, profitable and financially healthy business should be worth more than its NAV, shouldn't it?
http://info.sgx.com/listprosp.nsf/07aed3...e000ed2de/$FILE/LHT_AR2011(SGX).pdf
The audited accounts show higher NP and NAV figures than those in the FY11 full-year results announcement. Accordingly, LHT's NAV/share as at 31Dec11 has been revised upwards to $0.1804.
Rationally speaking, a well-established, profitable and financially healthy business should be worth more than its NAV, shouldn't it?