The question is would you like to hold TOT or HPI through TGP. The basic operational costs of running the business is about $1.5m with about a 7c NAV value. The funds management business has little value attached to it and I think it is this that has lost the most in the TGP share price. I would be comfortable for them to sell this business (the value is in managing TOT). Sell the HPI shares or at least in-specie them to us. If he does all of this we could realise 80c of value (more in a low interest environment). Will this happen? Probably not because Tony Pitt will privatise at say 65c and he would get most of this value. It is trading at what I estimate is at least a 25% discount to NAV (allowing for HPI & TOT revaluations with higher cap rates). So if TGP falls more then the value is in TGP.
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Last
61.0¢ |
Change
-0.030(4.69%) |
Mkt cap ! $140.2M |
Open | High | Low | Value | Volume |
62.5¢ | 64.0¢ | 57.5¢ | $156.3K | 247.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 8413 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.590 |
2 | 7818 | 0.550 |
1 | 17554 | 0.540 |
1 | 20000 | 0.450 |
1 | 8000 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.640 | 43662 | 1 |
0.650 | 106882 | 3 |
0.670 | 8350 | 1 |
0.680 | 35071 | 2 |
0.685 | 7000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
59.5¢ |
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Change
-0.030 ( 4.80 %) |
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Open | High | Low | Volume | ||
62.5¢ | 64.0¢ | 59.5¢ | 15108 | ||
Last updated 14.51pm 14/06/2024 ? |
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TGP (ASX) Chart |