"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.
"At the time of writing this newsletter, CDM is trading at a...
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Last
73.5¢ |
Change
0.010(1.38%) |
Mkt cap ! $219.7M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 74.0¢ | 73.0¢ | $147.7K | 201.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8720 | 73.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 62187 | 7 |
View Market Depth
| Last trade - 15.35pm 06/06/2024 (20 minute delay) ? |
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Last
74.0¢ |
Change
0.010 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 73.0¢ | 74.0¢ | 72.5¢ | 65660 | ||
| Last updated 15.54pm 06/06/2024 ? | |||||
| CDM (ASX) Chart |