My understanding, and happy to be corrected as I'm not a guru. I'm a retail investor who knows a bit but is still learning.
The net asset backing method is the total net assets (current market value of all of the company assets less its total liabilities) divided by the number of shares issued with an entitlement to assets on wind-up. If the ratio is less than 1 the share is said to be trading a discount to NAV, and if the ratio is greater than 1 the share is said to be trading at a premium to NAV. This ratio shows how much cash the business generates in relation to each share.
0.898 comes from CMC Markets and changes daily so I assume its a formula based on the companies last financial data.
Seems par about $1.55 (hold position) and at a premium sell position above $1.70.
$1.40 looks like it's at a discount with potential growth.
Secondly, recession is already priced in the market and I'm seeing mixed financial data including lower inflation so market could turn soon (next 3 months). LIC's and ETF's may benefit. Dividends under pressure but an increasing market will ease that risk. Of course DYOR and anything can happen.
Potentially I see higher SP and div's same or slightly lower in 6 months.
My understanding, and happy to be corrected as I'm not a guru....
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Last
$1.46 |
Change
-0.010(0.68%) |
Mkt cap ! $1.619B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.46 | $1.303M | 892.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 157680 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 85553 | 6 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.010 ( 0.49 %) |
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| Open | High | Low | Volume | ||
| $1.46 | $1.47 | $1.46 | 482102 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| WAM (ASX) Chart |