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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (9019)3/24/2000 3:32:00 PM
From: goldsheet  Read Replies (2) | Respond to of 81102
 
I don't know if ASA Limited responded to my email, but they changed the way they report the premium/discount on their website asaltd.com

I disagreed with their calculation method.

If the net asset value was $24 and the price was $20, the dollar discount is $4.

I maintained that the discount was to NAV, $4/$24 = 16.7%

ASA Limited, however, was reporting it as $4/$20 = 20.0%

They are now seem to be reporting it correctly, as opposed to overstating the discount.