Looks like the recent 8-10 percent correction in the ASX has had large impact on CTN NTA. It is now back to 1.11 before tax, and the market doesn't seem impressed, selling off pretty hard today relative to the ASX rise. The other issue is the large holding of Slater and Gordon, who in hindsight, CTN should have sold down some to rebalance portfolio. Perhaps they did, but either way, Slater and Gordon are now are a much smaller holding in their portfolio.
Still, at 1.04, I'm buying, as I see this a good stock in the longer term, when better times return, this will soar, as its at lows at the moment. IMO. Buy
Ann: Net Tangible Asset Backing, page-2
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Last
42.0¢ |
Change
-0.005(1.18%) |
Mkt cap ! $62.71M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 42.0¢ | $112.5K | 266.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 95019 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| NSC (ASX) Chart |
