Suspect it is a sector-wide issue, oldsem. I've done some analysis below on 18 listed investment companies in the small-cap/nano-cap/VC space below. All but 3 currently trade at a discount to NTA.
Based on the trend line, the SP/NTA discount for BTI is excessive relative to its market cap of ~$180m, at a circa ~19% discount. There have been periods of time in the past when BTI has traded at a premium to NTA.
It seems sensible to take advantage of the excessive SP/NTA discount for some of these 18 names if you believe in the management team, the underlying portfolio companies and have a long-term outlook. The tide will eventually turn.
Suspect it is a sector-wide issue, oldsem. I've done some...
Add BTI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.25 |
Change
0.005(0.40%) |
Mkt cap ! $183.2M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.25 | $1.24 | $65.32K | 52.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19560 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 25158 | 2 |
View Market Depth
| Last trade - 15.14pm 30/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.25 |
Change
0.005 ( 0.40 %) |
||||
| Open | High | Low | Volume | ||
| $1.25 | $1.25 | $1.24 | 2211 | ||
| Last updated 13.24pm 30/04/2024 ? | |||||
| BTI (ASX) Chart |