What the end game here do you think? Presuming they get a full subscription for the buyback then Tony Pitt ends up at 55% and David Tweed ends up at 20% so the free float will be absolutely tiny and their never likely to close the NTA discount. I notice when Intelligent Investor stopped covering TGP a few years ago they predicted it would eventually be privatised below NTA but I just question why it hasn't happened yet? The thing is essentially now just a cash box made up of 100 million in cash along with some outstanding loans and the TOT holding which as I know all too well is trading at a huge NTA discount.
What the end game here do you think? Presuming they get a full...
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Last
64.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $125.9M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 64.5¢ | 63.0¢ | $48.09K | 75.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 54865 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 21354 | 1 |
View Market Depth
| Last trade - 15.59pm 30/07/2025 (20 minute delay) ? |
| TGP (ASX) Chart |