Page 17 of the Strategy Update:
This is why the market is so skeptical of LLC reported NTA.
I understand Book Value (BV) being written down, because BV has a lot of soft assets that do not have any real sellable value.
But I am surprised at the quantum on NTA write down.
FY23 NTA: $7.81.
Looks like that future NTA will be $6.8 to $7.
That hard NTA is the thesis for many buying at share prices below NTA, however as the NTA shrinks, are margin of safety likewise shrinks.
I hold, but am spreading out the bands on which I dollar average. I need to support adequate margin of safety.
Page 17 of the Strategy Update:This is why the market is so...
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Last
$5.90 |
Change
-0.100(1.67%) |
Mkt cap ! $4.069B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.95 | $5.87 | $9.425M | 1.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 25875 | $5.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 200 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| LLC (ASX) Chart |