Orion Equities Limited (AU:OEQ) has released an update.
Orion Equities Limited reported a decrease in their pre-tax Net Tangible Assets (NTA) per share by 4.83% to $0.4258 and a post-tax NTA drop of 6.15% to $0.3299, as of June 30, 2024, compared to the previous month. This follows the termination of an iron ore royalty agreement, adding a total of $5 million to their receivables, with a current review of the potential impact of $12.6 million in carried forward tax losses on their tax position. Orion’s current NTA comprises investments in listed entities, property, and net cash, with notable mentions of their shareholding in Bentley Capital Limited, which is valued at $0.41m based on the last closing price.
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