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
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $86.91M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 40.5¢ | $28.10K | 68.71K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 50100 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 38044 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 50100 | 0.400 |
3 | 80888 | 0.395 |
1 | 28000 | 0.390 |
2 | 59090 | 0.385 |
3 | 81999 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 38044 | 3 |
0.420 | 95400 | 4 |
0.425 | 10067 | 1 |
0.430 | 62206 | 5 |
0.450 | 86000 | 2 |
Last trade - 15.42pm 13/09/2024 (20 minute delay) ? |
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