Well they might "grow the assets" but share price appreciation...

Well they might "grow the assets" but share price appreciation over the last 10 years is negligible so unless they review their dividend policy or do a buyback where do the actual returns to shareholders come from?

I bought in opportunistically at a low point and have kept my exposure relatively modest so not too fussed but when they're sitting on such a large discount to NTA and there's little demand for CIN shares even on a day like today when the market is booming then I'd say this reflects very poorly on management.

The discount to NTA is trading like some run down REIT expecting a downgrade in assets, not a low cost LIC with solid holdings in mostly blue chip companies.