Just like last year. Buyers dried up then as well. The market makers that have been keeping the price steady pulled their bids and asks. Same thing happened last year. The price is moving on low volume. The book is ridiculously thin on both sides, not just buy side. It feels like dejavu.
I'm just hoping that wasn't the end of the sell off, I'm hoping it will see $1.85 before months end.
The default risk has been baked into the price for the last 12 months. It's been trading at a heavy discount to NAV, so yields have been solid. NAV is ~$2.14 today vs $2.12 or so back then.
Ann: Daily Fund Update, page-8
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Last
$2.17 |
Change
0.000(0.00%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| $2.17 | $2.18 | $2.16 | $694.4K | 320.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47312 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 815894 | 20 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| MOT (ASX) Chart |