No , absolutely nothing to do with this announcement
NTA has fallen due market conditions (bear Market) so the share price generally follows the underlying NTA with either a discount or premium based on sentiment.
The price of PL8 has actually held up really well when compared to the net tangible assets (which i thinks sits at around $1.00 atm)
This announcement has nothing to do with changing the franking credits from refundable to non refundable for pensioners and low income people, the policy Bill Shorten wanted to bring in. If that was the case then yes it would have an impact on the Plato Business model. But each to their own, i guess some people think it sounds good if they say they trade in and out based on jumping at every shadow.
I always thought PL8 was a income dividend play, not a trade play, surely there are penny stocks people can jump at shadows and buy and sell to sound good on a chat forum IMO
PL8 Price at posting:
$1.18 Sentiment: Hold Disclosure: Held
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