merger, page-2

Interesting. Hadn't really been paying much attention to this merger, but could be something there. The merger is a merger of equals - based on NTA backing alone.

Discount has narrowed as LSG has continued to slide, however both LSG and AUS are now trading around 20% below their pre-tax NTA. A fairly hefty discount.

Having said that, a number of the "newer" LIC seem to again be trading at a reasonable discount to NTA.