TAP 0.00% 7.8¢ tap oil limited

asymmetry of risk, page-46

  1. 12,026 Posts.
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    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
 
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Currently unlisted public company.

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