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THORNEY OPPORTUNITIES LTD — Net Asset Value 2021
Jul 12, 2021
65940_rns_2021-07-12_268ecbe4-b784-4502-87e8-bc0ab77091d8.pdf
Net Asset Value
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Date: 13 July 2021
ASX Code: TOP
MONTHLY NET TANGIBLE ASSET BACKING STATEMENT – JUNE 2021
In accordance with ASX Listing rule 4.12 we advise the following:
Net Tangible Asset backing per share (NTA)
| NTA current month | Before Tax¹ | After Tax¹ |
|---|---|---|
| 30 June 2021 | 68.8 cents | 67.5 cents |
| NTAprevious month | Before Tax¹ | After Tax¹ |
| 31 May2021 | 67.7 cents | 66.7 cents |
| NTA end of last financialyear | Before Tax | After Tax |
| 30 June 2020 | 59.4 cents | 61.0 cents |
¹ Figures are unaudited and approximate.
Unlisted financial assets fair value update as at 30 June 2021
TOP wishes to advise that the carrying value of TOP’s 25% equity interest in 20 Cashews Pty Ltd (20C), which holds an underlying investment in the Australian Community Media (ACM) Group, is currently being assessed in accordance with the Company’s accounting policy and relevant accounting standards.
The carrying value will reflect the comprehensive and positive transformation which has occurred at 20C since the initial acquisition in June 2019, most notably in the past 12 months.
This transformation has included exiting the majority of ACM’s printing operations, the sale of surplus real estate assets, the rationalisation of the publication portfolio, a material reduction in the debt owed by the business, the acquisition of a 19.99% interest in Prime Media Group Limited and the establishment of a new real estate digital media business with investments in complementary real estate technology businesses.
The reassessed fair value for TOP’s investment in 20 Cashews Pty Ltd will be subject to audit and will be disclosed with the release of the full year results, anticipated to be in mid-late August. The NTA after tax per share quoted above of 67.5 cents does not reflect the updated fair value.
Please direct enquiries to: Craig Smith, Company Secretary Email: [email protected] Telephone: + 61 3 9921 7116 Website: https://thorney.com.au/thorney-opportunities/
THORNEY OPPORTUNITIES LTD ABN 41 080 167 264
Level 39, 55 Collins St. Melbourne VIC 3000 Australia