Good question
SUM book value $4.35 ...ouch
But while they continue to build things at a great rate won’t that figure increase .....would take a massive drop in the value of existing units for book value to go backwards....I reckon
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Good to see someone else bringing up NTA, when I mentioned it a few days back nobody cared... Hope SUM keeps building, borrowing and selling... it is doing the first 2 things well, just not so well (anymore) on the third part (that makes all that building and borrowing 'worth it')
Apart from MET (which we all know has a basket of other issues), ARV trades on the smallest share price v NTA premium, maybe thats why it has only gone down a mere 1 something percent despite sum others tumbling double digit percentages?
TA looked dire for AIR when it was $2.23 a few weeks ago and lots of people told me the company was stuffed and was only worth $1.50-$1.80. Funny thing is those people have been very, very quiet lately lol
Anyway I hope this goes down to $5 so we can shake out all the weak hands and I can "do a Couta"
Two rules i adhere to. 1.Never trust the market over the short term. 2.Never trust Analysts over any term. PS-Learnt from many bad costly experiences.
Geepers what a day! Was feeling quite pleased with myself topping up on Friday....thought $6.20 was a bargain :) until today.....yikes....:eek2: