he after tax operating result, including unrealised losses on the share-trading portfolio, was a loss of $2,765,000 (2011 profit of $2,783,000). An analysis of the trading result is provided in the table below:
Read MoreWidespread’s Asian Minerals advise completion of private placement
Asian Mineral Resources (“ASN”) is one of Widespread’s largest investments. This shareholding (presently held at independent valuation based on our share of net assets) represents 19.4% of Widespread’s total assets.
Read MoreE
arlier this week we announced that, subject to warrant-holder approval, and the payment of .01 cents per warrant, the term of the existing warrants would be extended for five years.
It’s timely to provide shareholders with some relevant facts which we believe will demonstrate that this extension is unlikely to adversely affect the interests of existing ordinary shareholders.
Read MoreNZX Market Announcement
Widespread Portfolios Limited (Company) has a series of warrants on issue that are quoted on the NZSX market under the code “WIDWA” (Warrants).
Read MoreNew Zealand Exchange Limited
P.O. Box 2959
Wellington
18 March 2011
Dear Sir,
Widespread Portfolios Net Asset Backing
We wish to advise that the unaudited net asset backing per Widespread Portfolios share, as at 9 a.m. today is 49.3 cents.
Effect of Proposed Restructure
As announced yesterday, the proposed re-arrangement of assets held by Widespread Portfolios and associate company Widespread Energy will, if approved by shareholders on 30 March 2011, have a marked beneficial effect on the asset backing of Widespread Portfolios.
This can be seen clearly from the table below.
The fully diluted NTA per WID share is 95 cents assuming the listed warrants are exercised @ $2.982 and the unlisted director-held warrants are exercised @ $3.282. All warrants expire on 30 June 2012.
Net asset data is also available on our website (www.widespread.co.nz) and is updated daily. For more information on the Chatham Rise project see www.rockphosphate.co.nz.
For and on behalf of the Board,
Chris D Castle
Wellington, 18 March 2011
Widespread Portfolios advises Kotuku oil exploration initiative
PEP 38526 - Kotuku
PEP 38526 is located north of Lake Brunner, on the West Coast, South Island. The permit covers the northern half of the Kotuku Structure and a significant portion of the associated Grey Valley Trough.
Read MoreWidespread’s Asian Minerals advises successful Pala agreement
Asian Mineral Resources (“ASN”) is one of Widespread’s largest investments. This shareholding (presently held at independent valuation based on our share of net assets) represents 19.7% of Widespread’s total assets.
Read More| NTA 0.001c | ||||
|---|---|---|---|---|
| Key Stats as at 25 September 2023 | ||||
| Security | Number on Issue | Market Price (cents) | Market Value ($M) | Net Assets ($M) |
| Ordinary Shares | 2,419,055,042 | 0.01 | 2.419 | 0.256 |
| Market Value Premium | 944% | |||
