Ok what you are missing here is that both TOT (-35%) & HPI (-25%) are trading at large discounts to NAV. Also did you correctly account for distribution receivable on HPI & TOT. Fund Management also worth about 10C. They calculate 78C in the report (without the look through)
So I can understand why Tony Pitt bought so much stock. He can creep up the register (in the buying windows) and then make a takeover to take it private say at 72C. He sees more value in buying TOT than a major buy back for TGP. I suspect they will do both. Happy to hold and will buy more if the discount blows out.
Ann: Change in substantial holding, page-3
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Last
61.5¢ |
Change
0.020(3.36%) |
Mkt cap ! $141.3M | |||
| Open | High | Low | Value | Volume |
| 60.5¢ | 61.5¢ | 60.5¢ | $85.19K | 139.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 39999 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
61.0¢ |
Change
0.020 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 60.5¢ | 61.5¢ | 60.0¢ | 27973 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| TGP (ASX) Chart |