GLC - Goldlink Growthplus

[Jikx]

Wow.. this stock has sunk like a rock. It's trading at almost 50% discount to NTA - exactly how can this happen? Wouldn't someone just buy out the company and sink it?

 

[ta2693]

From their website, I just know they are fund that is doing something related to gold but I do not know what they are doing exactly. Generally I do not like stock falling like lead ball, but if anyone can help me work out what their NTA is and how they value it? It may be an opportunity.

 

[Jikx]

Check the ASX site.

http://www.asx.com.au/asxpdf/20070523/pdf/312lhgylkzvwpd.pdf

I'm thinking of buying in too.. but no-one else is.. there must be a reason!

 

[ta2693]

Check the ASX site.

http://www.asx.com.au/asxpdf/20070523/pdf/312lhgylkzvwpd.pdf

I'm thinking of buying in too.. but no-one else is.. there must be a reason!

It definitely can not be tangible gold on hand. If it was so, I definitely will put some of money in it.

They said their nta is related to yield curve and gold option. I think they may hold a lot of illiquid out-of-money options.

 

[Jikx]

I think they may hold a lot of illiquid out-of-money options.

That would probably explain it. I guess it's not going anywhere fast, unless they decide to wind up in which case there is a possible 20% jump (taking a conservative view that they will lose 30% loss from the NTA value).

Looking at the company, I think the shareholders should demand it! But I suppose those "managers" are still leeching the fees from "managing" this company..

 

[motorway]

55% of stocks on the ASX have currently bullish P&f charts
many of those are in trends of long standing

The majority of stocks are in up trends even if their charts are not currently bullish..

Here is one that is not..
Maybe worth putting on the watch list

The first chart is a P&F relative strength chart
Finally got some reversal

In P&F terms the chart is bullish

and

differences of opinion have arisen...

led Me to look at the bar chart
And some climatic ending action is visible
No real rally to confirm this as a possible bottom yet

motorway