Pricing Information6 May 2020
Current Price Last Trade* $3.30 % Change(prev day) 1.49% Bid (delayed) $3.29 Offer (delayed) $3.31 *Data is delayed by at least 20 minutes.Download NAV history
NAV NAV/Unit * $3.34 * As at 5 May 2020Profile
Net Assets* ($A) $304,798,867 Units Outstanding* (#) 91,350,000 Mgmt Costs** (% p.a.) 1.38%
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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- Day Trader’s Aftermarket Lounge 6 May 2020
Day Trader’s Aftermarket Lounge 6 May 2020, page-22
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