Gut feel is discount will remain until we enter a more settled period for the market and TBH probably has to be a bull market.
IMO the discount is more of a market sentiment indicator than anything else.
Market gets shaky, people bail regardless of what the NTA is doing.
Wouldn't surprise me if the average holder didn't have any idea what the portfolio is positioned for and panic sells when the market drops regardless of actual performance.
Before they started the buybacks used to be a it wider than that so suspect in this kind of environment they are comfortable with where it is.
Ann: Net Tangible Asset Backing, page-3
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Last
$3.19 |
Change
0.010(0.31%) |
Mkt cap ! $1.985B | |||
| Open | High | Low | Value | Volume |
| $3.18 | $3.21 | $3.18 | $970.2K | 303.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3647 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 15509 | 4 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| LSF (ASX) Chart |