Richard is right. Cash backing bigger than people think. My numbers below.
CD1
- 25c cash backing ($9m)
- Implied discount to NTA ex cash, 50%
CD2
- 48c cash backing ($25m)
- Implied discount to NTA ex cash, 54%
CD3
- 41c cash backing ($30m)
- Implied discount to NTA ex cash 51%
This is a nice little bet where you are unlikely to lose any money if things go horribly wrong but will likely do quite well in all other circumstances.
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Last
$1.18 |
Change
0.000(0.00%) |
Mkt cap ! $84.99M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.18 | $66.37K | 56.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11360 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 500 | 1 |
View Market Depth
| Last trade - 10.31am 25/06/2025 (20 minute delay) ? |
| CD3 (ASX) Chart |