PiggybanksMy understanding was that Aust Ethical runs a...

Piggybanks

My understanding was that Aust Ethical runs a weighting model in their fund that takes into account liquidity of the stock. As we all are aware GBI is relatively illiquid as it is very tightly held.

I would disagree at a $50m Mkt Cap GBI is overpriced but hey each to their own opinion. The compco transactions in this space all point to north of US$100m as a fair asset value.

I suppose will just have to wait and see whose view is right on the valuation front but from a technical point of view looks like good support at the 80c level.

Rgds

Prof