This stock is either insanely cheap or there is something amiss.
The last presentation said that similar funds are trading in USA and UK at a premium yet the Aussie fund is massively under NTA.
They also stated a goal was to pay dividends out of profits which was concerning - it implies they still aren't being funded by operations but capital.
There is a big upswing in NTA due to currency movements.
What are peoples thoughts on this stock?
Insanely cheap
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