The next catalyst for adjusting the NAV would be seeing either a large shift in a boutiques FUM growth or a sale of a boutique above book value.
the capitulation of the $AUD does make a argument for a higher price near or above the $13.
my initial questions / thoughts are
- would a independent expert set the buy back price or is that relied upon by the board, hopefully independent directors.
- is river capital going to partipicate in the buy back or is this their way to take control of the company by increasing their ownership % by not selling any stock.
- liquidity in the stock could dry up now for the next 4 months, with no serious sellers willing to off load on market or do some arb funds look for a quick trading opportunity.
- post EGM result and change of manager structure, it would be prudent to announce to the ASX, EPS guidance given a large amount of operating expenses is stripped out, but this more a Fy25 issue and I guess it will be radio silence until the August results.
- being a cynical investor, I'm not convinced the buy back price will be much higher than $11.
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Last
$10.29 |
Change
-0.110(1.06%) |
Mkt cap ! $530.6M |
Open | High | Low | Value | Volume |
$10.30 | $10.37 | $10.25 | $175.9K | 17.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 338 | $10.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.45 | 730 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1948 | 10.270 |
1 | 5000 | 10.200 |
1 | 2488 | 10.150 |
1 | 500 | 10.080 |
2 | 2200 | 10.070 |
Price($) | Vol. | No. |
---|---|---|
10.450 | 730 | 1 |
10.500 | 280 | 1 |
10.610 | 700 | 1 |
11.100 | 284 | 1 |
11.200 | 500 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$10.32 |
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Change
-0.110 ( 0.28 %) |
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Open | High | Low | Volume | ||
$10.25 | $10.32 | $10.25 | 962 | ||
Last updated 15.47pm 07/06/2024 ? |
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