Benjamin Hornigold Announces 34.10 Cents Per Share NTA and $2.6 Million Litigation Settlement Received
Benjamin Hornigold reports 34.10 cents NTA per share, 1.40% portfolio return, and $2.6M litigation settlements received.Summary
Benjamin Hornigold Ltd (ASX:BHD) announced an unaudited pre-tax Net Tangible Asset (NTA) of 34.10 cents per share as of 31 July 2026, excluding an estimated 12 cents per share of unrecognized deferred tax assets from prior and current year tax losses at a 25% tax rate. The company reported a gross portfolio return of 1.40% for July. Additionally, Benjamin Hornigold received $2.6 million in litigation settlements during June and July related to loans to John Bridgeman Ltd and JB Financial Group Pty Ltd, which are included in the current NTA. A default judgment of $8,971,570 plus costs was entered in August against JB Markets, but the company does not expect further recovery due to a lack of recoverable assets. Major portfolio holdings include Cordish Dixon Funds I, II, and III (18.06%), Navigator Global Investments (7.80%), Healthco Healthcare and Wellness REIT (6.10%), Kyron Capital Group (3.11%), and Humm Group Ltd (2.93%). The investment approach is described as opportunistic, targeting absolute returns through discount capture, arbitrage, deep value, and event-driven strategies.
(Source：Kalkine Media)