The main reason for buying would be that it is selling at its largest discount to NTA since 2011. Another reason may be that you like what appears to be a unique staged buying and selling strategy.
Against this, in addition to all of peejay2's reasons, would be that it has under performed the benchmark over all periods out to and including eight years. Probably longer if you take out the 'never to be repeated' RAMS / RHG investment. And some of us also suspect that the staged buying and selling strategy doesn't work, having never seen evidence to the contrary.
Is the current discount sufficient to compensate for the negatives? I don't know. There are however other LICs trading at a similar discount that I would buy before CDM.
Ann: Weekly NTA 21 June 2019, page-10
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Last
72.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.1M | |||
| Open | High | Low | Value | Volume |
| 72.5¢ | 73.5¢ | 72.0¢ | $123.9K | 171.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 51102 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 20573 | 1 |
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| Last trade - 15.32pm 10/07/2024 (20 minute delay) ? |
| CDM (ASX) Chart |