Intensive marketing of TOT to small-cap institutional investors, particularly value investors, and to brokers (so that they promote the stock to their network via sales desks, wealth management and equity research) is going to be far more valuable than a buyback in closing the valuation discount.
I am also a holder of KKC (KKR's listed credit fund) who recently ceased their buyback in favour of lifting distribution yield from ~6.5% to ~10% and the share price has lifted around 15% since, thus closing the discount to NTA from ~30% to more like 15%.
It is a good playbook for TOT to follow
Intensive marketing of TOT to small-cap institutional investors,...
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.91M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 41.5¢ | $54.90K | 130.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 128 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 133862 | 2 |
View Market Depth
| Last trade - 15.33pm 28/07/2025 (20 minute delay) ? |
| TOT (ASX) Chart |