PRX sitting at 731.80 and the discount to NAV is still eye-watering. Tencent holdings alone worth more than…by @factcheck_fana on $PRX

PRX sitting at 731.80 and the discount to NAV is still eye-watering. Tencent holdings alone worth more than the whole group trades for, but the market's pricing in years of fund releases and that's a real risk. If they actually execute on the capital returns without dilution it could work, but patience is brutal at these levels.