Can anyone figure out why WLE is so far below NTA
NTA per June report 1.169
Current share price 1.115 which is 5% below NTA (arguably you are guessing on market performance since 30th June, but market is up ~1% so you would expect NTA to be ~1.18 if they are half decent (and they have shown that since listing last yr)
Sure you have a discount because of the option overhand, but worse case it should be roughly half way between option strike and NTA (so around 1.135)
Perhaps I'm wrong on the above, but I just don't understand the pricing, especially of the option. Given they have indicated they will pay 2c after option strike date, surely any price below 2c is a no brainer if share price stays above above 1.10
News: WLE Wam Leaders FY revenue $48.2 mln, page-5
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Last
$1.28 |
Change
0.015(1.19%) |
Mkt cap ! $1.742B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.29 | $1.26 | $1.801M | 1.420M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 155988 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 26226 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| WLE (ASX) Chart |