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You have to look at the discount to SOTP. Historically it traded at a +-10% discount. I think it's currently valued at sotp now or if not a premium. You can check this on their website. So I think it has a way to go to before it reverts back to its mean historical discount. Ie I see further downside- provided there is no major movement in the underlying.
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You have to look at the discount to SOTP. Historically it traded at a +-10% discount. I think it's currently valued at sotp now or if not a premium. You can check this on their website. So I think it has a way to go to before it reverts back to its mean historical discount. Ie I see further downside- provided there is no major movement in the underlying.
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