"At the time of writing this newsletter, CDM is trading at a pre-tax NTA discount of around 11% whilst holding
some cash balances. If all the shares in the portfolio fell by 12% the pre-tax NTA would still be above the share
price."
Really?
The management presumably really believe that if all the shares held by CDM fell by 12% then the resulting new CDM share price would about match the new pre tax NTA.?!
In other words the discount to NTA would magically somehow evaporate during with a falling share portfolio value.
Ah!, the serenity.
Tell 'em their dreamin.
Ann: Investment Update and NTA March 2024, page-2
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Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $214.6M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 71.0¢ | $88.90K | 124.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17034 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 28095 | 2 |
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