What is the point of looking at the NTA when the share price is more influenced by the size of the discount to post tax NTA of 3 days ago. The discount to post-tax NTA of today's share price has blown out to over 11.6 % with no sign of a buyback. Surely a risk-free return of 11.6% would be something that L1 management would take.
The NTA performance seems to have exceeded or met the index return over recent weeks but the share price has not responded. Today's released NTA was up but the share price so far is down. I agree most of the stocks in the 30th June list were up overnight but once again this does not reflect the share price today. One would hope eventually the discount will grow so large that the share price will respond.
What is the point of looking at the NTA when the share price is...
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$3.19 |
Change
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Mkt cap ! $1.985B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3647 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 15509 | 4 |
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