New Energy Solar net asset value change

Company News

by Rachael Jones

New Energy Solar’s (ASX:NEW) weekly estimated unaudited net asset value (NAV) as at 31 December 2018 was $1.56 per stapled security.

Directors have elected to make this disclosure to the market to provide securityholders with additional information about changes in the estimated NAV of their stapled securities due to movements in the AUD:USD foreign exchange rate.

New Energy Solar is in the process of reviewing and updating the fair value of its investments as part of the 2018 annual financial report to be released in February 2019.

Shares in New Energy Solar’s (ASX:NEW) closed 0.72 per cent higher at $1.40 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.