Well said Wang. I think there are a couple of ways to look at it. Take DJW for example, trading at a 39% premium recently and its DRP price is the 5 day average sp ex div. This means that you get more shares via the DRP than you would have if it was priced at NTA. If then you get a SP collapse (like PGF did from $1.10 to $0.89), you have been given a bigger exposure to take a hit on. But the converse may also be true. Perhaps a more even outcome would be to price at NTA, who knows. But goddie3shoes, I don't think you can say people are getting 'sucked in'. That is just demonstrating a lack of understanding of how LICs and the premium/discount to NTA issue works.
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Last
$2.28 |
Change
0.000(0.00%) |
Mkt cap ! $1.090B |
Open | High | Low | Value | Volume |
$2.28 | $2.29 | $2.26 | $561.1K | 246.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3100 | $2.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.28 | 127466 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3100 | 2.260 |
5 | 98722 | 2.250 |
2 | 11697 | 2.240 |
2 | 20000 | 2.230 |
3 | 42000 | 2.220 |
Price($) | Vol. | No. |
---|---|---|
2.280 | 60538 | 4 |
2.290 | 75909 | 3 |
2.300 | 84211 | 3 |
2.310 | 6242 | 1 |
2.320 | 15000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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