SIV 1.41% 70.0¢ silver chef limited

I doubt SIV could sell its assets at or above book value . We...

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    I doubt SIV could sell its assets at or above book value .
    We had a cafe and sold it to our employee assets (not good will ) were valued around $50K
    Two years later the cafe went into liquidation , we were one of the creditors , the assets got sold by the receivers for around $12K, so about 25% of their book value
    As an example The 3 head Rancilio coffee machine which when new was about $25K that was on the books for $9K got sold in the fire sale for $2k
    Book value uses a standard yearly depreciation model to determine item value , and is fine for selling in a going concern as in items intrinsic value is high , but the model comes unstuck when the items are sold individually with no business.
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