Net assets

All the assets less any money owed

See NAV

Diluted Net Asset Value or Diluted NAV

Diluted Net Asset Value or Diluted NAV – Diluted NAV per share shows the net assets per common share after assuming the exercise of all outstanding warrants and stock options, and the conversion of convertible bonds, preferred stock, and any security that needs to be taken into consideration. Diluted Net Asset Value or Diluted NAV Click […]

Net long

Net long refers to a portfolio that, on balance – adding up the long positions and deducting the short positions – still has a positive exposure to the group of assets that the portfolio is invested in.

Net Asset Value per share (NAV per share)

Net Asset Value per share (NAV per share) – The Net assets divided by the number of shares in issue (often just abbreviated to net asset value or NAV). Read our guide to net asset values Click here to subscribe for free equity research on investment trusts, funds and listed companies.

EPRA NAV

The EPRA NAV is a net asset value per share calculated in accordance with EPRA’s methodology i.e. net assets on the balance sheet excluding the effects of hedges, debt adjustments associated with the hedges and deferred taxation. It also adjusts the share in issue for the potential dilution of shares issuable under employee share schemes Click here to subscribe for […]

Loan To Value

Loan To Value or LTV is a ratio of a company’s debts to its total assets. It differs from gearing, which is a measure of a company’s debts to its net assets. For example, if my company has assets of £100 and them borrows another £100 it now has total assets of £200. Its Loan […]

Liquidation

Bringing the company’s life to an end by distributing all the net assets to those entitled to receive it. Also known as Winding Up.

Winding up

Bringing the company’s life to an end by distributing all the net assets to those entitled to receive it. Also known as Liquidation.

Gearing

Gearing – A measure of how much a company has borrowed, calculated as debt (excluding other short-term liabilities) divided by net assets and expressed either as a percentage or as a number where 100 = no gearing and 110 = 10% gearing. NB if in doubt, it is recommended that the investor should check.

Equity – as in shares

Equity is an alternative word for shares in companies. Also a term for all the net assets owned by the shareholders.

Rights issue

A rights issue is an issue of new shares to investors that gives existing shareholders preferential, transferable rights to buy the new shares. Only if they don’t want to take up their rights will other investors get a chance to join in. Rights issues are usually carried out at a share price that is lower […]

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Net assets