Can't help wondering why Djerriwarrh Investment's shareprice is not higher.
On 3 January 2020 it announced it Net Tangible Asset backing as at 31 December 2019 of $3.27/share after tax.
DJW usually trades at a premium of about 10-20% above Net Tangible Asset backing.
It's shareprice at the time was $3.67
Since 3 January 2020 the ASX 200 is up approx. 6.7% yet DJW is trading at $3.63.
With a 6.7% increase in ASX 200 stocks DJW should be trading closer to $3.87.
Consider how the shareprice each of the top 20 investments it holds (below) have moved since 31 December 2019:-
Djerriwarrh Investments Limited
Monthly Net Tangible Asset Backing Per Share and Top 20 Investments
Before Tax* After Tax*
31 December 2019 $3.28 $3.27
It's shares held reflect closely the ASX 200
DJERRIWARRH INVESTMENTS LIMITED
Total Value
$ million
1 * CBA Commonwealth Bank of Australia 70.3 8.8%
2 * BHP BHP 53.7 6.7%
3 * WBC Westpac Banking Corporation 52.6 6.6%
4 * NAB National Australia Bank 38.7 4.8%
5 * MQG Macquarie Group 38.0 4.7%
6 * ANZ Australia and New Zealand Banking Group 37.9 4.7%
7 * CSL CSL 35.5 4.4%
8 * TCL Transurban Group . 31.9 4.0%
9 * WES Wesfarmers 27.0 3.4%
10 * TLS Telstra Corporation 22.6 2.8%
11 * WPL Woodside Petroleum 22.4 2.8%
12 * SYD Sydney Airport 20.4 2.6%
13 * BXB Brambles 17.8 2.2%
14 * ALX Atlas Arteria 17.6 2.2%
15 * GMG Goodman Group 17.6 2.2%
16 * AMC Amcor 16.9 2.1%
17 * OSH Oil Search 16.3 2.0%
18 * RHC Ramsay Health Care 15.9 2.0%
19 * WOW Woolworths Group 15.0 1.9%
20 * RIO Rio Tinto 13.3 1.7%
581.3
As % of Total Portfolio Value 72.6%
(excludes Cash)
* Indicates that options were outstanding
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3.3% grossed up dividend yield, page-4
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Last
$2.97 |
Change
0.020(0.68%) |
Mkt cap ! $781.0M |
Open | High | Low | Value | Volume |
$2.95 | $2.98 | $2.95 | $401.6K | 135.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2863 | $2.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 8620 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2863 | 2.970 |
3 | 33849 | 2.960 |
2 | 12700 | 2.950 |
4 | 18140 | 2.940 |
7 | 80708 | 2.930 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 8620 | 2 |
2.990 | 24589 | 2 |
3.000 | 20500 | 3 |
3.010 | 15431 | 2 |
3.020 | 20268 | 2 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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