GTP 0.00% 12.0¢ great southern limited

GTP NTA 87cents - expected to increase.

  1. 254 Posts.
    I thought its time to start a new series of posts on GTP and its NTA. Quote from today's announcement from GTP:

    "The issue of shares brings the total number of shares on issue to 199,719,708, currently capitalising the company at approximately $140 million. The net tangible assets per share following the issue of
    shares is currently approximately 85 cents per share, which is expected to increase further as sales for the Great Southern Plantations 2002 Project are made up to 30 June 2002.
    "

    The message I am getting from this announcement is that this year's sales must be looking good to boost the future NTA.

    Risk on GTP price is the shareholders who are holding 64m new issue at 63cents sitting on a 10% paper profit.

    This is my view only.
 
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