OK, I have now included the term loan of $34 million. I also think it is appropriate to include the cash loss of $2.8 million that MRG has called out for F19. The result leaves nett assets of $0.047 per share. Not as exciting as considering the farmland alone! But still, it shows underlying value sitting behind MRG.
| Shares: | 433,761,091 | |
| Value | Value per share | |
| Farmland | $35,000,000 | $0.081 |
| Long-term Lease | $22,000,000 | $0.051 |
| F19 Cash Loss | $(2,800,000) | $(0.01) |
| Term loan facility | $(34,000,000) | $(0.08) |
| Nett: | $0.047 |
@StrongflatWite - does your valuation factor the $60M of debt you mention in the #Assetplay straw?
There appears to be something wrong with MRG within the Strawman platform. I added MRG to my portfolio on Monday afternoon (I think) and for the last four days it has just shown as pending on my scorecard. Also, the 'last close price' on the MRG page has not updated from Monday's close price of $0.079.
Did I break the system? Do I get a prize?!