i saw some post were talking about the net assets of KURU. i just want to say that its comapny net assets is only 20+ and the group one is 60+.
and it is trading at around 30.
when its come to the consolidation of balance sheet we just add all the assests and other liabilities with out considering the ownership % of the subsidiary but make sure to remove inter company balances which is no considerable.
so when we come to make decisions based on net assets value we cant get the figure reflected in the Group balance sheet if the % owner ship of subsidiaries is below 100%. and if it is around 50% we cant even think about the group net assets when we bye the share of group since it actualy doesnt own the entire velue.
this is only about net assets ( not the group EPS) since there is no practice to show the minority net assets in the balance sheet since those are not revalued frequently.
I can remember mono and some other friends took Kuru as a example to show how investors dont care about the NAV when they do there investments and you all should make it revise with my above mentioned explanations.
please contribute your knowledgr on it.