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1.56B assets with almost zero liabilities. NTA at 31/1/24 is 0.65. Big chunk comes from amount owing by JV - 910K + liquid asset in the form of cash - 211K = 1.12B. Its worth abt 1.1B or 0.45 per share if assets recovery say at 70% of 1.56B. Is better if recovery rate can go higher. Bought earlier at 0.40 and received 0.39 dividend till date. Not sure how the operators playing with the share price but I will just keep it at least after another 0.21 per share dividend is paid in 2024 and 2025. It seems no future plan for the business of the company. Maybe after that major shareholders will initiate a takeover on the company based on the net worth of the company. Those walk along with the company since IPO are the most badly hit and those came in later at lower price are on upper side beneficial.
