I pointed out last week (in a NAB post) that ANE stock price was well over a $1 under it's NTA price of $4.81. Has moved up strongly today ending above the $4 mark at $4.03. Still at a considerable discount and everyone knows it. Hardly a seller in sight and two directors have been buying.
However, I'm not sure if this company has always traded at a discount to it's NTA??? Others rivals like Timbercorp certainly don't. Their stock price is nearly double their NTA price.
Happy hunting in this overvalued market.
ANE Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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