39% below NTA @ 5c/share
Massive disconnect now between the share price (5c) and NTA (cash and investments) of 8.1c.
Someone has been exiting indiscriminately today, and as such, I've revisited the public news flow from each of the ~8 core VC portfolio holdings of PVL — I can't seem to find any negative, thesis-breaking news on any of these portfolio companies.
This makes me wonder, does someone simply need their money back quickly in cash?
I think so, which is why I bought more today at 5.0c.
PVL has done a good job so far in reducing operating cash requirements, but more can be done on this front. I think the gap between the current share price and NTA should close if that is achieved.
In addition, if we see some positive news from the portfolio companies (re-valuations) PVL might return to trading at a small premium to NTA.
As far as I am aware(?), Capital H, James Kruger, and co. remain locked in, focused and aligned.
Does anyone have other perspectives on why this has fallen so far below NTA?
39% below NTA @ 5c/shareMassive disconnect now between the share...
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Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.554M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7858 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 134615 | 1 |
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| Last trade - 16.12pm 11/07/2024 (20 minute delay) ? |
| PVL (ASX) Chart |
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