I share your sentiment Ed but 10% discount to NAV on recent history appears unlikely:
My limited understanding tells me that when a LIC/LIT consistently trades at a discount to NAV, a buy back of shares/units is the tool management uses, not a capital raising.
Ann: Share Purchase Plan details, page-6
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Last
$2.33 |
Change
0.010(0.43%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.35 | $2.30 | $356.9K | 153.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18180 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 28473 | 2 |
View Market Depth
| Last trade - 15.02pm 31/07/2025 (20 minute delay) ? |
| ALI (ASX) Chart |