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.
Share Value, page-2
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Last
$1.18 |
Change
0.000(0.00%) |
Mkt cap ! $174.4M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.19 | $1.18 | $114.9K | 97.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 88632 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 13827 | 4 |
View Market Depth
| Last trade - 12.50pm 22/05/2024 (20 minute delay) ? |
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Last
$1.18 |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.18 | $1.18 | 1463 | ||
| Last updated 12.04pm 22/05/2024 ? | |||||
| BTI (ASX) Chart |