Allco's holding in AEP is a good example of why mark to market doesn't work.
AEP's share price is so low mainly due to it's association with Allco. The NTA of AEP was $5.50 at September 30 and is probably still over $4.50. A significant chunk of this NTA is CASH. Even in a firesale they would want to get more than the $1.80 it's trading at. $2.50 to $3.00 at a minimum IMO.
afgha holders representation at crs meetings, page-13
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Last
$1.38 |
Change
0.035(2.60%) |
Mkt cap ! $372.9M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.35 | $330.8K | 242.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 5603 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 41307 | 11 |
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| Last trade - 14.53pm 09/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |