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(13-11-2013, 10:41 AM)opmi Wrote: Group NAV can be less than Company NAV if there is big net liabilities value (NLV?) to offset the other subsi's NAV.
Hi opmi, to clarify your point. The NLV you mentioned is sitting in Subsi A which offsets NTA (net tangible assets) of Subsi B. Hence when consolidated at group level, the Group might have an overall lower NAV position compared to Company. Right?
Took me a while to figure out if that's what u are implying. hahah!
Anyway, this situation of NAV at Group being disparate from Co is more common if the Co is a non-operating entity, more investment holding. Hence at Group level, subsidiaries' figures would take up significant piece.
A stock well bought is half sold - Ben Graham
Price is the most important factor to use in relation to value - Walter Schloss
Price is the most important factor to use in relation to value - Walter Schloss