I've been looking at the last published report and the listed holdings, to see if there is any correlation between SP movement of the holdings and the TEK SP.
CXL has been a right dog, falling from a weighting of 10.7% to around 5%, though AVH, CU6 and DUG have been going well and growing relative to the overall % of investments. So until recently their overall share of the NAV has been fairly static and the SP has fallen to 0.155.
Since CXL's recent ann, where the SP has jumped by 40% with an expansion of their trial, the share of NAV of TEK has now grown to 31.3%, which is a 2% increase, while the SP has fallen by over 8% to 15.5c.
So it is not moving as it should be and the discount has grown.
With such poor market information coming out on the fund; a monthly update around 10 days after month end versus open ETF's and mutual funds increasingly releasing live or at least daily NAV's, this will not show up in the released data for a while and we're assuming no changes in the weightings of holdings, but is enough for me to add some to my position.
Likewise, the technicals are lining up, with a buy indicator from Jim Berg's profit taker and RSI giving a buy signal on the daily chart.
Food for thought and hopefully the start of a good year after a very forgettable 18 months.
Wazz
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Change
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Mkt cap ! $54.69M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 269074 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 350000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 269074 | 0.135 |
6 | 562417 | 0.130 |
4 | 56207 | 0.125 |
3 | 48491 | 0.120 |
1 | 9099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 350000 | 1 |
0.145 | 187606 | 4 |
0.150 | 18000 | 1 |
0.155 | 150000 | 1 |
0.165 | 27600 | 1 |
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