LIC's generally trade at a discount (market dependant). There is a fee impost on the management of the LIC 1.5% PA and also a liquidity risk priced in (ability to turn positions into cash).
In a frothy market, we may get back to NTA or even trade at a premium. Timeframe ???
I do think this LIC has done really well considering what has gone on and I love the fact the management fees are all donated to great causes. Some really great minds picking the stocks and that has shown with the performance.
Ann: Weekly NTA Estimate, page-3
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 (20min delay)
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Last
$2.92 |
Change
-0.020(0.68%) |
Mkt cap ! $666.3M | |||
| Open | High | Low | Value | Volume |
| $2.93 | $2.97 | $2.91 | $705.2K | 240.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 30697 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 9441 | 5 |
View Market Depth
| Last trade - 14.29pm 10/10/2024 (20 minute delay) ? |
| HM1 (ASX) Chart |