NAV per share today is $1.2319. When last published on 18 October it was $1.2795. So down 4.8c in just a week!
The NZX is confronting an abyss. The KFL portfolio is mainly "blue chip" stuff, and there seems no end in sight to the current market pessimism.
What can Luxon do? He obviously needs a hat with lots of rabbits inside. And the final vote count to go his way.