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Benjamin Hornigold Posts Lower NTA but Holds Course on Opportunistic Strategy and Litigation Recovery

Story Highlights
  • Benjamin Hornigold reported a February pre-tax NTA of 26.11 cents per share, reflecting a negative 3.32% monthly portfolio return and excluding unrecognised deferred tax assets.
  • The company will maintain its opportunistic, absolute-return strategy while pursuing litigation to recover loans from John Bridgeman and JB Financial Group, with a key court hearing set for July 2026.
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Benjamin Hornigold Posts Lower NTA but Holds Course on Opportunistic Strategy and Litigation Recovery

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Benjamin Hornigold Ltd. ( (AU:BHD) ) has shared an announcement.

Benjamin Hornigold Ltd reported an unaudited pre‑tax net tangible asset value of 26.11 cents per share as at 28 February 2026, after a negative gross portfolio return of 3.32% for the month. The NTA figure does not include an additional 12 cents per share of estimated unrecognised deferred tax assets from accumulated tax losses.

The company plans to maintain a flexible, opportunistic investment approach centred on discount capture, arbitrage, deep value, and event‑driven positions to deliver absolute returns. It continues to pursue recovery of outstanding loans to John Bridgeman Ltd and JB Financial Group, with a final court hearing expected in July 2026 and a recent non‑party costs order of $30,049 paid in March, offering potential upside for shareholders if recoveries are achieved.

The most recent analyst rating on (AU:BHD) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Benjamin Hornigold Ltd. stock, see the AU:BHD Stock Forecast page.

More about Benjamin Hornigold Ltd.

Benjamin Hornigold Ltd is an Australian listed investment company focused on opportunistic, absolute‑return strategies across equities and related securities. Its mandate spans discount capture in other listed investment companies, merger and takeover arbitrage, deep value situations, and event‑driven trades, with an emphasis on capital preservation amid market volatility.

Average Trading Volume: 10,033

Technical Sentiment Signal: Sell

See more insights into BHD stock on TipRanks’ Stock Analysis page.

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