Page 17 of the Strategy Update:
This is why the market is so skeptical of LLC reported NTA.
I understand Book Value (BV) being written down, because BV has a lot of soft assets that do not have any real sellable value.
But I am surprised at the quantum on NTA write down.
FY23 NTA: $7.81.
Looks like that future NTA will be $6.8 to $7.
That hard NTA is the thesis for many buying at share prices below NTA, however as the NTA shrinks, are margin of safety likewise shrinks.
I hold, but am spreading out the bands on which I dollar average. I need to support adequate margin of safety.
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$6.17 |
Change
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Mkt cap ! $4.256B |
Open | High | Low | Value | Volume |
$6.10 | $6.19 | $6.04 | $9.648M | 1.572M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5542 | $6.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.20 | 12770 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5542 | 6.170 |
2 | 3621 | 6.150 |
2 | 20496 | 6.140 |
2 | 11618 | 6.130 |
2 | 12811 | 6.120 |
Price($) | Vol. | No. |
---|---|---|
6.200 | 12770 | 3 |
6.210 | 11649 | 2 |
6.220 | 9149 | 1 |
6.250 | 21700 | 3 |
6.280 | 1000 | 1 |
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