I am interested in comments from this who follow BBUS. I have watched the Net Assets increase from $240M to $300M over the last 3 weeks, which should be good for the share price? The number of units outstanding has also increased significantly - acting to keep the NAV/Unit at the same level.
Why is this so?
A $60M increase in asset value should see share price increase despite the slow rise in SP 500. Why do the number of units outstanding keep changing to minimise the NAV/Unit price?
How and to who are these new units being offered? Massive increase of new units issued over the last 2 weeks.
More importantly - is this strategy (which I do not understand) a good one as we move towards the next crash?
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