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Re: Re: [sharechat] ffs

From:	Derek <dkw@paradise.net.nz>
Date:	Sun, 10 Mar 2002 09:23:51 +1300

Michael,
I think you've highlighted the problem of valuing
shares by the NTA alone. Also I think that about $17 m
(from memory) of the $41 m was not real profit but due
to a valuing up the forest asset due to the growth of 
trees (based on current log prices).
In other words creative accounting IMHO.
Derek




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