"At the time of writing this newsletter, CDM is trading at a pre-tax NTA discount of around 11% whilst holding
some cash balances. If all the shares in the portfolio fell by 12% the pre-tax NTA would still be above the share
price."
Really?
The management presumably really believe that if all the shares held by CDM fell by 12% then the resulting new CDM share price would about match the new pre tax NTA.?!
In other words the discount to NTA would magically somehow evaporate during with a falling share portfolio value.
Ah!, the serenity.
Tell 'em their dreamin.
Ann: Investment Update and NTA March 2024, page-2
Add CDM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
74.0¢ |
Change
-0.005(0.67%) |
Mkt cap ! $224.8M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.5¢ | 74.0¢ | $192.7K | 257.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33879 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 13824 | 3 |
View Market Depth
| Last trade - 15.32pm 02/10/2024 (20 minute delay) ? |
| CDM (ASX) Chart |