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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (41461)2/18/2011 3:35:12 PM
From: Spekulatius  Read Replies (1) of 78486
 
LEI the net asset value of 5.98$/share contracts their assessment of PV-10 value (not sure if it's pre-tax or post tax) of 47M$ versus the 32M$ market cap. I assume then difference is with the warrants (there are quite a few out there).

They state on another slide that the EV value is 0.7X the PV10 value. This would lead to a NAV of ~ 2$/0.7=2.85$. If the NAV is pre-tax (I think it is based on the BFIT disclaimer in the 10k, then i would say it's about at fair value.
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