65c assumes HPI & TOT at current market prices and no impairments or writedown to the other assets they own.
As you mentioned, they show TOT at NTA rather than market prices, which is misleading.
If you exclude the dividends/interest received from investments, then the business is not going to be close to an operating profit.
Considering ~50% of the NTA is in HPI, you really may as well buy HPI if you think TGP is cheap and get the benefit of no fees & actually owning the underlying asset with better liquidity.
However, I do not think HPI is cheap yet.
65c assumes HPI & TOT at current market prices and no...
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Last
64.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $149.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8533 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 4450 | 2 |
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| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| TGP (ASX) Chart |
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