Sheepskin,
TAP's NTA is about $1.00, but its true value is 53c.
The difference is the value the market puts on the probability that the value of its assets will not be passed through to shareholders. Reduce that probability and the difference reduces.
Simple.
Bacci
- Forums
- ASX - By Stock
- TAP
- asymmetry of risk
asymmetry of risk, page-46
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin