No it wasn't, but I have a preference for buying shares that I think have good downside protection with good upside. In AAC's case I can't really value the business as I am simply not familiar with this space enough and there are too many variables . So in this case I bought as I like the macro story and used the NTA as a proxy for simple valuation . It has gone from a 20% discount to about 6% premium and given I am not sure how good they will be in converting these assets to revenue I decided to sell . I always have a preference for holding stock that I have the skill to value accurately . I simply can't with AAC
Good for AAC Media update!!, page-85
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Last
$1.38 |
Change
-0.020(1.43%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.37 | $290.7K | 209.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 82812 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2730 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
