They are in the process of redeeming assets so some assets will deliver a flat result. However, should be up for the month, thus trading at well under 50% of NTA. Also, I expect the NTA is "real" as underlying assets are tradeable securities, thus not appraisal based and subjective. Very little downside IMO over the medium term, yet who knows day to day. But, market is obviously starting to realise the largely one-sided payoff ie very little downside, and plenty of upside.
HAP Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
