Agree, I don’t think their asset is worth $3.70, but what I’m trying to imply is that there is a +$2 gap here in difference, that’s an anticipation that the asset is worth 56% less than book value. If you look at what they owned you could probably safely bet they can sell the lot at a pretty decent price.
I’m still holding as I think the dividend is quiet stable and they are not immediately in danger of breaking any debt covenants.
Thinking long term :p
Agree, I don’t think their asset is worth $3.70, but what I’m...
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Last
$5.06 |
Change
0.010(0.20%) |
Mkt cap ! $9.692B | |||
| Open | High | Low | Value | Volume |
| $5.03 | $5.09 | $5.02 | $28.86M | 5.697M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12169 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 30764 | 4 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| GPT (ASX) Chart |