The question is would you like to hold TOT or HPI through TGP. The basic operational costs of running the business is about $1.5m with about a 7c NAV value. The funds management business has little value attached to it and I think it is this that has lost the most in the TGP share price. I would be comfortable for them to sell this business (the value is in managing TOT). Sell the HPI shares or at least in-specie them to us. If he does all of this we could realise 80c of value (more in a low interest environment). Will this happen? Probably not because Tony Pitt will privatise at say 65c and he would get most of this value. It is trading at what I estimate is at least a 25% discount to NAV (allowing for HPI & TOT revaluations with higher cap rates). So if TGP falls more then the value is in TGP.
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The question is would you like to hold TOT or HPI through TGP....
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Last
58.5¢ |
Change
0.020(3.54%) |
Mkt cap ! $133.8M |
Open | High | Low | Value | Volume |
59.0¢ | 59.0¢ | 57.0¢ | $33.88K | 58.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 780 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 5512 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 780 | 0.570 |
3 | 34775 | 0.565 |
2 | 120000 | 0.560 |
3 | 38009 | 0.555 |
2 | 20210 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 5512 | 1 |
0.595 | 14500 | 2 |
0.600 | 23600 | 3 |
0.640 | 6000 | 1 |
0.650 | 105071 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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TGP (ASX) Chart |