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BENTLEY CAPITAL LIMITED — Net Asset Value 2021
Apr 12, 2021
64510_rns_2021-04-12_88aa65d3-4c32-483b-bbca-c77a5e07d192.pdf
Net Asset Value
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Tuesday, 13 April 2021
ASX Code: BEL
MARKET ANNOUNCEMENT
NTA Backing as at 31 March 2021
Bentley Capital Limited (ASX Code: BEL) gives notice that its unaudited after-tax Net Tangible Assets ( NTA ) Backing as at 31 March 2021 was $0.1604 per share.
| Current Month Previous Month |
|
|---|---|
| NTA Backing for Period Ending: % Change |
31 March 2021 28 February 2021 |
| Pre-Tax NTA Backing per share +0.21% Post-Tax NTA Backing per share +0.21% Based on total issued share capital |
$0.1604 $0.1601 $0.1604 $0.1601 76,127,918 76,127,918 |
Bentley’s NTA position comprises the following items:
| Current Month Previous Month |
|
|---|---|
| NTA Components: | 31 March 2021 28 February 2021 |
| $’m $’m |
|
| Investment Strike Resources Limited (ASX:SRK) Other listed securities Managed funds Cash Net other assets/(liabilities) Net Tangible Asset |
9.99 9.99 0.90 0.86 0.35 0.35 1.62 1.74 (0.65) (0.75) |
| 12.21 12.19 |
Bentley’s major securities holdings as at 31 March 2021 were:
| Security | ASX Code/ Description | Industry Sector |
Value $’m |
% of NTA |
|---|---|---|---|---|
| Strike Resources Limited | SRK |
Materials | 9.99 | 81.8% |
| Yowie Group Ltd | YOW | Food, Beverage | 0.89 |
7.3% |
| Managed funds | Unlisted | Diversified | 0.35 | 2.9% |
| Other listed securities | Various | Various | 0.01 | 0.1% |
Bentley has valued its 52,553,493 shareholding in Strike Resources Limited (ASX:SRK) based on the $0.19 last bid price as at 31 March 2021 (28 February 2021: $0.19). Bentley notes that Strike’s current bid price was $0.185 (as at 12 April 2021).
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www.bel.com.au
BENTLEY CAPITAL LIMITED
A.B.N. 87 008 108 218
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ASX : BEL
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Level 2, 31 Ventnor Avenue, West Perth, Western Australia 6005 T | (08) 9214 9757 F | (08) 9214 9701
F | (08) 9214 9701
20210313 BEL ASX NTA Backing as at 31 March 2021.docx
NOTES:
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(1) Bentley has accounted for its investment in SRK (52,553,493 shares being 24.2% of SRK’s total issued share capital) (28 February 2021: 52,553,493 shares; 24.2%) at a carrying value of $9.99 million (based on the closing bid price on ASX of 19 cents per share) at month end (28 February 2021: $9.99 million; 19 cents).
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(2) Units invested in unlisted managed funds are valued at the unit price published by the fund administrator as at month end – the unit price reflects the net asset backing of the fund.
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(3) The post-tax NTA Backing per share figure is reported net of provision for tax liabilities on realised and unrealised gains on investments, in accordance with the Company’s income tax accounting policy. Refer Note 5 (Tax) on pages 30 and 31 of Bentley’s 30 June 2020 Annual Report for further information in this regard.
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(4) Bentley’s current accounting policy is to recognise deferred tax assets arising from its carried forward tax losses and its unrealised loss on investments only to the extent of offsetting any deferred tax liabilities arising from its unrealised gains on investments.
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(5) Bentley’s current accounting policy uses the first in-first out method of calculating gains or losses on sales of share investments.
AUTHORISED FOR RELEASE - FOR FURTHER INFORMATION:
Victor Ho T | (08) 9214 9757 Company Secretary E | [email protected]
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