On 25 January, Sabana released their latest results presentation. I had a very troublesome time trying to calculate their price-to-book value
post-rights. The adjusted NAV per unit shown refers to pre-rights but naturally, everyone would be interested in knowing the post-rights one as the rights shares has already been issued.
I can't find any information on the new right units in their latest presentation. I had to dig up previous documents in order to find out the number of new rights units... so troublesome.
New rights units = 310,712,244
Units in issue as at 31 Dec 2016 = 742,371,286
Total units in issue = 1,053,083,530
New proceeds = $80,000,000
NAV as at 31 Dec 2016 = $556,795,000
Total NAV post rights = $556,795,000 + $80,000,000
Nav per unit = $0.605
Price to book = 0.60
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25 January Results Presentation |
Lately, there has been this group of investors ...
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