I do agree with what you are saying but I would point out that if retail investors still want to sell down to the same discount to NTA then that will be reflected in another 20% drop in the share price. So 20% drop in NTA with the same discount as we currently have will mean 20% drop in share price. Now I am not saying we will see such crazy depths plumbed but just setting the maths right. I have nothing more to say.
Ann: COF FY23 Results Presentation, page-113
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Last
$1.22 |
Change
0.035(2.95%) |
Mkt cap ! $728.7M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.23 | $1.20 | $1.073M | 885.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 66735 | $1.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 40506 | 4 |
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| COF (ASX) Chart |