That's probably why they are trading significantly under NTA.
At the end of the day, 'management' want to be too smart, the market knows this and applies an appropriate discount.
In TOP's case though I would say that this actually backfires. TOP insiders hold significant quantity of the shares of TOP on issue. So its essentially left hand paying right hand, and with the market suspicious, actually TOP insiders are loosing because they tried to be too smart.
Performance Fees, page-3
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Last
70.0¢ |
Change
-0.010(1.41%) |
Mkt cap ! $128.0M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 71.0¢ | 69.0¢ | $72.99K | 104.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 120000 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 28931 | 2 |
View Market Depth
| Last trade - 15.40pm 11/07/2024 (20 minute delay) ? |
| TOP (ASX) Chart |