It looks like this operates under the Macquarie Bank group of investment Funds . It is referred to as a Wrap Fund . This may mean that it is sold as with a number of funds by advisors . This needs clarifying . So to get to the point why the appalling market performance ie 1.02 c as opposed to an NTA of 1.15-1.17c .And more importantly why does no one want the option when the NTA is in the money & possibly well in the money by expiry 31-11-2018 at 1-10c. I believe the likely reason is the stock has no credibility amongst investors - how else could one explain the above.
Ann: MEC Monthly Performance Report June 2018, page-3
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Last
$1.02 |
Change
-0.015(1.46%) |
Mkt cap ! $37.20M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.03 | $1.02 | $52.26K | 51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 120232 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 5234 | 1 |
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| Last trade - 15.27pm 18/11/2024 (20 minute delay) ? |
| MEC (ASX) Chart |