Does anyone have a perspective on how Lion are calculating their NTA? I'm seeing discrepancies:
31/8 monthly NTA listed as $1.89
1/9 daily share buyback max. $1.60 implies NTA $1.78
25/9 announcement NTA $1.79
29/9 daily share buyback max. $1.48 implies NTA $1.64
Firstly it looks as though there is a difference in calculation between what they are using for the buyback as opposed to their regular reporting. Secondly, it appears that their NTA has dropped $0.10 this month.
Any views?
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