Ann: Net Tangible Asset Backing, page-2

Useless analysts. To not make a killing on the short side this month after complaining of a bull market for the last few years is testament to the lack of market timing and stock picking skills of this team.

He seemed he lucky with the MYOB takeover on the long side otherwise it could have been worse this month.

Damm, how to you ply your money off these guys without giving it away at such a discount. Always seems to be big sellers (instos?) with big sell orders. They certainty don't seem to be in a rush to help bring the SP closer to NTA through the buyback. I guess they prefer to buy on the cheap as it is better value for longer term shareholders.