Good pickup on the options sale it is a very interesting sale but in hindsight not a surprise when you think about it.
the sell down on options is coming from WAR which is not a surprise they would not want to invest into WGB which would suggest the 17M extra options will be sold on market over the next year which will soften any upside on option trading. Potential for the 18m shares to also be sold if
overall the TGG merge has not been very good for short term performance of WGB and it will take quite a while to absorb all the excess unwanted options and stock.
the share price gets near NTA.
now trading back at around 10% discount to NTA and my personal view the discount will remain for a while due to TGG merger, investment performance up to October next year will count in the end and this may also bounce around a bit short term as WGB exit some big TGG positions and align with WGB strategy so realising profits and losses and moving NTA to profit/loss account.
Good pickup on the options sale it is a very interesting sale...
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $785.1M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.25 | $2.21 | $225.3K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1867 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 2284 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WGB (ASX) Chart |