Agreed it should help, but NTA is already above share price (albeit pre-tax) and there has been no movement even after Nov investment update.
Volume is ~1m per day, and it seems there are some decent sell orders, so wondering whether there is an overhang from people exercising the options and trying to now get rid of the shares (handy profit of ~6% if you include dividends to have held for 1 month).
I think Geoff was expecting a premium on the price vs NTA, but wonder if this will happen, and if so how long it will take (surely you need interest from institutional buyers or a decent dividend yield to attract retail clients).
Agreed it should help, but NTA is already above share price...
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Last
$1.31 |
Change
0.023(1.74%) |
Mkt cap ! $1.796B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.32 | $1.30 | $1.016M | 775.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30859 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 76422 | 3 |
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| Last trade - 15.13pm 12/09/2024 (20 minute delay) ? |
| WLE (ASX) Chart |