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Re: Re: [sharechat] ffs

From:	"michael gore" <michgore@paradise.net.nz>
Date:	Sun, 10 Mar 2002 12:14:39 +1300

Yes I wondered about that.  Can you enlighten me as to whether property
companies do this if the value of their buildings were to rise?  It seems to
me to amount to basically the same thing.
Michael


----- Original Message -----
From: "Derek" <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, March 10, 2002 9:23 AM
Subject: Re: Re: [sharechat] ffs


> 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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References

Re: Re: [sharechat] ffs Derek

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