Like you I would imagine that all unitholders including myself are anxious to see some action towards eliminating the discount to NTA. They are ramping up interest at broker level as I have seen commentary coming through my broker. It is not an easy process as I have seen with the numerous LICs trying to do the same. Even Geoff Wilson is having trouble with a couple in his WAM stable when usually his LICs are at a considerable premium. Once the units are on the ASX market they are subject to public vagary and sentiment. IMO if they want to bring it back nearer to NTA they would need to do a high percentage shareholder buyback offer at NTA or take it back to unlisted. I think the one thing stopping them from the shareholder buyback offer would be the liquidity of the assets - they do not look all that liquid to me.
Ann: Net Tangible Asset Backing, page-11
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Last
$2.34 |
Change
0.030(1.30%) |
Mkt cap ! $754.7M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.34 | $2.31 | $945.2K | 407.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21992 | $2.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.34 | 27784 | 2 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| KKC (ASX) Chart |