The DRP is based on NAV not Share Price.
If the SP trades at a discount to NAV, leaving the DRP on would mean you are buying shares above the traded market price.
MOT did narrow the discount pretty quickly last time around so I would hope they will do the same again. They are great capital allocators.
Hope that makes sense?
Cheers
Wolf
Ann: Unit Purchase Plan, page-4
Add MOT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.22 |
Change
0.010(0.45%) |
Mkt cap ! $735.4M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.22 | $2.20 | $1.999M | 904.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 177275 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 687830 | 7 |
View Market Depth
| Last trade - 15.59pm 29/07/2024 (20 minute delay) ? |
| MOT (ASX) Chart |