Thought I would revive this since BLA has taken another massive leg up since this discussion ended.
I've owned a small parcel of these for a while but don't profess to know a lot about them.
Regarding valuation it is my understanding that most LICs trade around their NTA. Looking at BLA's NTA it is $2.22 per share vs $14+ share price.
What is causing such a high valuation? Obviously it is growing but surely there is more to it than that.
