WOW,you must be a mean typist.
Reviewing the announcements from all of November and December so far, the actual tax asset ( NOT inclusive of unrealised gains/losses)
has risen from $0.0993 to $0.1065 with an incremental increase in every announcement.
Perhaps this can be attributable to a number of factors but I suggest a few.
1.Obviously the current year is accumulating losses at the operational level.
2.Progress may be occuring on selling the " in fact apart from the small and illiquid stocks" you refer to above.
These divestments maybe incurring capital losses.
3. There has been no premature selling (realising) of the current high performers which hopefully is the case.
That leads to the dilemma that you refer to above in that when will the investor share in the increase in NTA.
WOW,you must be a mean typist.Reviewing the announcements from...
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