Hey folks,
I see things differently from everyone else here.
I see VG1, VG8 and VGI as strong buys.
First of all, because of the fee structure there should always be a 16% discount. If VGI is going to take 16% of profits then the the shares are automatically worth 16% less than the NTA.
Anyone buying into (or holding) any LIC at a premium is making a mistake.
Second, the manager does not determine the share price or the discount. The shareholders do. Buy-backs will only increase a discount (do the maths).
The part the manager is responsible for is the NTA. That has been disappointing but not disastrous.
As a shareholder, I’d be disappointed if the manager was focused on anything other than making good stock selections.
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Last
$1.82 |
Change
0.005(0.28%) |
Mkt cap ! $508.0M |
Open | High | Low | Value | Volume |
$1.82 | $1.83 | $1.81 | $987.6K | 542.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4024 | $1.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.83 | 41897 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4022 | 1.810 |
2 | 24000 | 1.805 |
2 | 20853 | 1.800 |
1 | 40904 | 1.795 |
1 | 9500 | 1.770 |
Price($) | Vol. | No. |
---|---|---|
1.810 | 26 | 1 |
1.825 | 32889 | 1 |
1.830 | 6200 | 1 |
1.835 | 33333 | 1 |
1.845 | 20000 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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VG1 (ASX) Chart |