I believe the stamp duty alone on the 3 purchases cost $20 million. (About 14c of TOT NTA). And unlike other tax paid it doesn't come back as franking credits. This figure was kept pretty quiet in the TOT presentations/reports.
If TOT had been wound up after the IAP exit shareholders (including TGP) could have made roughly ~$1.20 (including franking credits).
Obviously hindsight is 20/20 but greater transparency during such drawdown periods is preferable and proactively pursuing shareholder interests. Let's see what happens going forward.
While TOT may well hit a share price / rate cycle point it is great value, my main hesitancy now is the illiquidity discount on top. I was holding it during the last two market crashes and that was a painful experience with no way of getting out at acceptable value.
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Last
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $83.69M |
Open | High | Low | Value | Volume |
38.5¢ | 39.0¢ | 38.5¢ | $16.84K | 43.74K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54606 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 77438 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54606 | 0.385 |
1 | 25000 | 0.380 |
1 | 58086 | 0.370 |
2 | 52740 | 0.365 |
2 | 84000 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 77438 | 4 |
0.395 | 32000 | 1 |
0.400 | 52744 | 3 |
0.420 | 40000 | 1 |
0.430 | 8000 | 1 |
Last trade - 13.43pm 09/08/2024 (20 minute delay) ? |
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TOT (ASX) Chart |