Ann: Appendix 4D and 2020 Half-Year Financial Statements, page-2

A great set of results for my mind. NTA is well up over the year although may come off after this current market fall. And still trades at a huge discount to NTA.

Looks like two thirds of the investments are in floated companies, and the rest are valued at Director's valuations. As invetors we have to have faith that these are correct and there is no reason to doubt them. There have been instances of poorly-valued investments in other LICs - some of which are no longer around.

Overall I'm happy to add to my holding, especially at these steep discounts to NTA.