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Taylor Wimpey is anticipating a write back of some of its Net Realisable Value provision at the half year; whilst we expect the quantum to be small, the symbolism is quite the opposite.
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net asset value.
Four other housebuilders trade at discounts to net asset value.
Net asset value per share climbed from 98.2p to 113.5p.
We forecast a c.20% capital value decline driving a c.35% decline in net asset value.
Discounted, the value of those synergies would have a net present value of around $30 billion today.
Net Geners value freedom and choice in everything they do.
We expect to upgrade our net asset value forecasts, with an outlook of low single digit net asset value growth and a 1.4% premium to net asset value remaining attractive.
We then evaluated each concept's net present value (NPV).
Economists refer to this as "net present value".
We think the sector will trade at a wide discount to net asset value as long as macro woes persist and net asset value growth stagnates or falls.
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